Altair Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Altair Engineering has a total shareholder equity of $762.9M and total debt of $307.8M, which brings its debt-to-equity ratio to 40.3%. Its total assets and total liabilities are $1.4B and $617.0M respectively. Altair Engineering's EBIT is $14.8M making its interest coverage ratio -1.1. It has cash and short-term investments of $557.6M.
Key information
40.3%
Debt to equity ratio
US$307.84m
Debt
Interest coverage ratio | -1.1x |
Cash | US$557.61m |
Equity | US$762.93m |
Total liabilities | US$616.98m |
Total assets | US$1.38b |
Recent financial health updates
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 08Altair Engineering (NASDAQ:ALTR) Has Debt But No Earnings; Should You Worry?
Dec 11Is Altair Engineering (NASDAQ:ALTR) A Risky Investment?
Aug 08Recent updates
Statutory 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 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 10Financial Position Analysis
Short Term Liabilities: ALTR's short term assets ($730.4M) exceed its short term liabilities ($296.8M).
Long Term Liabilities: ALTR's short term assets ($730.4M) exceed its long term liabilities ($320.2M).
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 4.9% to 40.3% over the past 5 years.
Debt Coverage: ALTR's debt is well covered by operating cash flow (46%).
Interest Coverage: ALTR earns more interest than it pays, so coverage of interest payments is not a concern.