Altair Engineering Inc (ALTR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 561,898 | 513,371 | 507,008 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.15 | 2.44 | 2.34 | 1.88 | 1.44 | 1.45 | 1.31 | 1.26 | 1.36 | 1.57 | 2.22 | 0.94 | 0.87 | 1.31 | 0.73 | 0.68 | 1.20 | 1.64 | 1.72 | 1.64 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($561,898K
+ $—K
+ $—K)
÷ $487,769K
= 1.15
Altair Engineering Inc's quick ratio has shown fluctuations over the past five years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020 to June 30, 2022, the quick ratio generally remained above 1, indicating that Altair Engineering had an adequate level of liquid assets to cover its short-term liabilities. However, there were some periods where the quick ratio fell below 1, implying potential liquidity concerns.
Notably, the quick ratio deteriorated significantly from March 31, 2021 to June 30, 2021, dropping from 0.68 to 0.73. This decrease may suggest potential liquidity challenges during this period.
From June 30, 2022 onwards, the quick ratio improved notably and consistently, surpassing 2 in some quarters. This increase indicates a healthier liquidity position for Altair Engineering, with sufficient liquid assets to cover its short-term obligations comfortably.
Overall, while there were fluctuations in Altair Engineering's quick ratio over the analyzed period, the trend towards improved liquidity since mid-2022 is a positive sign for the company's financial health.
Peer comparison
Dec 31, 2024