Altair Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Altair Engineering has a total shareholder equity of $762.9M and total debt of $307.8M, which brings its debt-to-equity ratio to 40.3%. Its total assets and total liabilities are $1.4B and $617.0M respectively. Altair Engineering's EBIT is $21.7M making its interest coverage ratio -2. It has cash and short-term investments of $557.6M.
Key information
40.3%
Debt to equity ratio
US$307.84m
Debt
Interest coverage ratio | -2x |
Cash | US$557.61m |
Equity | US$762.93m |
Total liabilities | US$616.98m |
Total assets | US$1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8A2's short term assets ($730.4M) exceed its short term liabilities ($296.8M).
Long Term Liabilities: 8A2's short term assets ($730.4M) exceed its long term liabilities ($320.2M).
Debt to Equity History and Analysis
Debt Level: 8A2 has more cash than its total debt.
Reducing Debt: 8A2's debt to equity ratio has increased from 4.9% to 40.3% over the past 5 years.
Debt Coverage: 8A2's debt is well covered by operating cash flow (46%).
Interest Coverage: 8A2 earns more interest than it pays, so coverage of interest payments is not a concern.