Altair Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Altair Engineering has a total shareholder equity of $791.3M and total debt of $226.5M, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are $1.3B and $544.7M respectively. Altair Engineering's EBIT is $20.3M making its interest coverage ratio -1.3. It has cash and short-term investments of $507.0M.
Key information
28.6%
Debt to equity ratio
US$226.52m
Debt
| Interest coverage ratio | -1.3x |
| Cash | US$507.01m |
| Equity | US$791.31m |
| Total liabilities | US$544.65m |
| Total assets | US$1.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALTR *'s short term assets ($679.8M) exceed its short term liabilities ($216.8M).
Long Term Liabilities: ALTR *'s short term assets ($679.8M) exceed its long term liabilities ($327.8M).
Debt to Equity History and Analysis
Debt Level: ALTR * has more cash than its total debt.
Reducing Debt: ALTR *'s debt to equity ratio has reduced from 47.9% to 28.6% over the past 5 years.
Debt Coverage: ALTR *'s debt is well covered by operating cash flow (61.8%).
Interest Coverage: ALTR * earns more interest than it pays, so coverage of interest payments is not a concern.