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 |
| Cash | US$513.37m |
| Equity | US$836.90m |
| Total liabilities | US$540.97m |
| Total assets | US$1.38b |
Recent financial health updates
Altair Engineering (NASDAQ:ALTR) Could Easily Take On More Debt
Jul 19
Health Check: How Prudently Does Altair Engineering (NASDAQ:ALTR) Use Debt?
Feb 18Recent updates
Altair Engineering Inc.'s (NASDAQ:ALTR) Shares May Have Run Too Fast Too Soon
Oct 13Altair Engineering: Rating Downgrade As Near-Term Upside Is Limited
Sep 19Altair Engineering (NASDAQ:ALTR) Hasn't Managed To Accelerate Its Returns
Aug 09Altair Engineering (NASDAQ:ALTR) Could Easily Take On More Debt
Jul 19Altair: Too Expensive For Far Too Little Growth
Jul 13Altair Engineering Inc.'s (NASDAQ:ALTR) Popularity With Investors Is Under Threat From Overpricing
Jun 28Statutory Profit Doesn't Reflect How Good Altair Engineering's (NASDAQ:ALTR) Earnings Are
May 09Altair Engineering Inc. Just Beat EPS By 67%: Here's What Analysts Think Will Happen Next
May 05Altair Engineering (NASDAQ:ALTR) Might Be Having Difficulty Using Its Capital Effectively
Apr 09There's Reason For Concern Over Altair Engineering Inc.'s (NASDAQ:ALTR) Price
Mar 17Altair Engineering: Strong Tailwinds To Drive Growth With Potential Downside Protection
Mar 14Health Check: How Prudently Does Altair Engineering (NASDAQ:ALTR) Use Debt?
Feb 18Altair Engineering: Navigating Through Simulation And Innovation
Jan 12Financial 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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 04:46 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Altair Engineering Inc. is covered by 20 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Mark Schappel | Benchmark Company |
| Andrew DeGasperi | Berenberg |