Altair Engineering Inc (ALTR)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	784,978	686,999	675,332	730,399	700,623	592,006	586,781	548,602	526,826	465,731	554,314	555,674	588,221	579,505	382,647	378,756	386,935	359,803	351,954	357,471
Total current liabilities	US$ in thousands	487,769	210,108	216,825	296,754	324,110	296,915	319,248	300,394	232,738	198,476	187,064	430,741	473,978	347,896	356,210	359,390	200,754	149,488	146,074	150,640
Current ratio		1.61	3.27	3.11	2.46	2.16	1.99	1.84	1.83	2.26	2.35	2.96	1.29	1.24	1.67	1.07	1.05	1.93	2.41	2.41	2.37

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $784,978K ÷ $487,769K
= 1.61

Altair Engineering Inc's current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has shown fluctuation over the past few years.

As of December 31, 2024, Altair Engineering Inc's current ratio stands at 1.61, indicating that the company may have some difficulty in meeting its short-term obligations with its current assets alone. However, it is important to note that the current ratio has been trending upwards since March 31, 2024, when it was at its lowest point of 1.83.

The peak of Altair Engineering Inc's current ratio was observed on June 30, 2024, at 3.11, suggesting a strong ability to cover short-term liabilities at that point in time. The company's current ratio exceeding 2 during various quarters in the past indicates a healthy liquidity position.

Overall, while Altair Engineering Inc's current ratio has shown some volatility, the company has generally maintained a moderately strong ability to meet its short-term obligations with its current assets. Potential investors and creditors may want to monitor the company's current ratio to assess its liquidity position in the future.