Altair Engineering Inc.

BMV:ALTR * Stock Report

Market Cap: Mex$185.1b

Altair Engineering Balance Sheet Health

Financial Health criteria checks 6/6

Altair Engineering has a total shareholder equity of $836.9M and total debt of $226.8M, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are $1.4B and $541.0M respectively. Altair Engineering's EBIT is $30.7M making its interest coverage ratio -1.8. It has cash and short-term investments of $513.4M.

Key information

27.1%

Debt to equity ratio

US$226.81m

Debt

Interest coverage ratio-1.8x
CashUS$513.37m
EquityUS$836.90m
Total liabilitiesUS$540.97m
Total assetsUS$1.38b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ALTR *'s short term assets ($687.0M) exceed its short term liabilities ($210.1M).

Long Term Liabilities: ALTR *'s short term assets ($687.0M) exceed its long term liabilities ($330.9M).


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 50.9% to 27.1% over the past 5 years.

Debt Coverage: ALTR *'s debt is well covered by operating cash flow (60.9%).

Interest Coverage: ALTR * earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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