Altair Engineering Inc (ALTR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,445,650 | 1,377,870 | 1,335,960 | 1,379,910 | 1,363,490 | 1,251,990 | 1,255,810 | 1,226,170 | 1,204,740 | 1,124,930 | 1,128,510 | 1,133,690 | 1,163,280 | 1,014,480 | 820,216 | 817,913 | 829,902 | 779,703 | 736,846 | 734,654 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 period from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing compared to its total assets. A debt-to-assets ratio of 0.00 suggests that the company relies more on equity financing or has minimal debt obligations, which could imply a lower risk of financial distress related to debt repayment obligations. This stable and low debt-to-assets ratio may indicate prudent financial management by Altair Engineering Inc in maintaining a strong balance sheet position.
Peer comparison
Dec 31, 2024