Altair Engineering Inc (ALTR)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 857,189 | 711,331 | 569,736 | 613,981 | 379,370 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $857,189K)
= 0.00
Altair Engineering Inc has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its operations and investments, relying more on equity financing. A debt-to-capital ratio of 0.00 suggests a conservative financial structure with low financial risk, as the company's capital structure is primarily composed of equity. Altair Engineering Inc's stable low debt-to-capital ratio demonstrates the company's financial stability and potential for internal investment growth without relying heavily on external debt funding.
Peer comparison
Dec 31, 2024