Altair Engineering Inc (ALTR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,445,650 | 1,363,490 | 1,204,740 | 1,163,280 | 829,902 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,445,650K
= 0.00
Altair Engineering Inc has consistently maintained a debt-to-assets ratio of 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company's total debt is negligible compared to its total assets during these years. A debt-to-assets ratio of 0.00 suggests that Altair Engineering Inc relies more on equity financing rather than debt to fund its operations and investments. This low debt-to-assets ratio can be viewed positively as it signifies a lower financial risk and a stronger balance sheet, providing the company with financial stability and flexibility in managing its operations and growth.
Peer comparison
Dec 31, 2024