Altair Engineering Inc (ALTR)

Debt-to-capital 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
Long-term debt	US$ in thousands	226,223	225,929	225,635	225,320	225,039	305,604	305,158	304,676	—	—	—	—	—	188,300	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	762,928	711,331	634,118	620,215	606,905	569,736	535,529	558,172	618,425	613,197	602,262	399,345	399,029	378,586	359,455	354,950	356,145	354,707	343,341	359,841
Debt-to-capital ratio		0.23	0.24	0.26	0.27	0.27	0.35	0.36	0.35	0.00	0.00	0.00	0.00	0.00	0.33	0.00	0.00	0.00	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $226,223K ÷ ($226,223K + $762,928K)
= 0.23

The debt-to-capital ratio for Altair Engineering Inc has fluctuated over the past several quarters. As of March 31, 2024, the ratio stood at 0.23, indicating that the company's total debt represented 23% of its total capital. This ratio decreased compared to the previous quarter but has been relatively stable since June 2023 when it was at its peak at 0.36.

It is noteworthy that there were quarters, such as in the first half of 2022 and throughout 2021, where the company reported a debt-to-capital ratio of 0.00, suggesting that the company had either no debt or minimal debt during those periods. This could be due to various factors, such as successful debt repayment or shifts in the capital structure.

Overall, Altair Engineering Inc's recent debt-to-capital ratios indicate that the company has been managing its debt levels effectively, maintaining a balanced capital structure. The recent decrease in the ratio may suggest improved financial health or a shifting focus on reducing leverage. Further analysis, considering industry trends and financial goals, would provide a more comprehensive understanding of Altair Engineering Inc's debt management strategy.