Altair Engineering Inc (ALTR)

Quick ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Cash	US$ in thousands	557,605	467,459	431,188	418,338	378,377	316,146	311,853	416,137	405,578	413,743	455,858	260,098	243,364	241,221	245,364	250,540	247,145	223,117	246,937	251,828
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	146,768	207,111	134,257	138,765	141,862	181,538	130,386	114,895	124,629	146,949	97,630	99,519	113,097	124,614	95,605	84,945	93,549	112,248	95,613	94,273
Total current liabilities	US$ in thousands	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	152,866	143,256	141,067
Quick ratio		2.37	2.08	1.90	1.75	1.73	2.14	2.23	2.84	1.23	1.18	1.59	1.01	0.99	1.82	2.28	2.30	2.26	2.19	2.39	2.45

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($557,605K + $—K + $146,768K) ÷ $296,754K
= 2.37

The quick ratio of Altair Engineering Inc has fluctuated over the past few quarters, ranging from a low of 0.99 to a high of 2.84. The quick ratio is a measure of a company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.

In the most recent quarter, as of March 31, 2024, the quick ratio was 2.37, showing a healthy level of liquidity. This means Altair Engineering Inc had $2.37 in liquid assets available to cover each $1 of its current liabilities. The trend in the quick ratio over the past few quarters indicates fluctuations but generally staying above 1, which is a positive sign for the company's short-term financial health.

Overall, the quick ratio analysis suggests that Altair Engineering Inc has maintained a relatively strong liquidity position, which should enable it to meet its short-term obligations effectively. However, it is important for the company to monitor this ratio closely to ensure continued financial stability.