Altair Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Altair Engineering has a total shareholder equity of $711.3M and total debt of $307.4M, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are $1.4B and $652.2M respectively. Altair Engineering's EBIT is $5.9M making its interest coverage ratio -0.6. It has cash and short-term investments of $467.5M.
Key information
43.2%
Debt to equity ratio
US$307.38m
Debt
| Interest coverage ratio | -0.6x |
| Cash | US$467.46m |
| Equity | US$711.33m |
| Total liabilities | US$652.16m |
| Total assets | US$1.36b |
Recent financial health updates
Health Check: How Prudently Does Altair Engineering (NASDAQ:ALTR) Use Debt?
Feb 18
Does 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 08Altair Engineering (NASDAQ:ALTR) Has Debt But No Earnings; Should You Worry?
Dec 11Is Altair Engineering (NASDAQ:ALTR) A Risky Investment?
Aug 08Recent updates
Altair 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 08Is There Now An Opportunity In Altair Engineering Inc. (NASDAQ:ALTR)?
Jan 02Altair Engineering (NASDAQ:ALTR) Has Debt But No Earnings; Should You Worry?
Dec 11We Like These Underlying Return On Capital Trends At Altair Engineering (NASDAQ:ALTR)
Oct 24Altair to acquire data analytics firm RapidMiner
Sep 13Is There An Opportunity With Altair Engineering Inc.'s (NASDAQ:ALTR) 34% Undervaluation?
Aug 26Altair Engineering: Sales Grow, Earnings Slow
Aug 23Is Altair Engineering (NASDAQ:ALTR) A Risky Investment?
Aug 08Altair Engineering Non-GAAP EPS of $0.13 beats by $0.04, revenue of $132.66M beats by $3.29M
Aug 04Altair, LG Electronics collaborate to accelerate digital transformation
Jul 11There Are Reasons To Feel Uneasy About Altair Engineering's (NASDAQ:ALTR) Returns On Capital
Jul 10Altair Engineering: Sales Grow, Earnings Fall
May 18Is Altair Engineering (NASDAQ:ALTR) A Risky Investment?
May 04Financial Position Analysis
Short Term Liabilities: ALTR's short term assets ($700.6M) exceed its short term liabilities ($324.1M).
Long Term Liabilities: ALTR's short term assets ($700.6M) exceed its long term liabilities ($328.1M).
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 increased from 10.5% to 43.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ALTR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ALTR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.2% per year.