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 $35.0M making its interest coverage ratio -3.2. 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 | -3.2x |
| 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 18Does Altair Engineering (NASDAQ:ALTR) Have A Healthy Balance Sheet?
Nov 11Is Altair Engineering (NASDAQ:ALTR) Using Too Much Debt?
Aug 07Is Altair Engineering (NASDAQ:ALTR) Using Debt Sensibly?
Apr 08Recent 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 12Getting In Cheap On Altair Engineering Inc. (NASDAQ:ALTR) Is Unlikely
Dec 18Does Altair Engineering (NASDAQ:ALTR) Have A Healthy Balance Sheet?
Nov 11Estimating The Fair Value Of Altair Engineering Inc. (NASDAQ:ALTR)
Oct 06What Does Altair Engineering Inc.'s (NASDAQ:ALTR) Share Price Indicate?
Sep 18Is Altair Engineering (NASDAQ:ALTR) Using Too Much Debt?
Aug 07Revenues Not Telling The Story For Altair Engineering Inc. (NASDAQ:ALTR)
Jul 11Is Altair Engineering Inc. (NASDAQ:ALTR) Potentially Undervalued?
May 05Is Altair Engineering (NASDAQ:ALTR) Using Debt Sensibly?
Apr 08Financial 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.