Altair Engineering Inc (ALTR)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $857,189K
= 0.00

Altair Engineering Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during the period under consideration. This implies that Altair Engineering Inc is primarily using equity financing to fund its operations and growth rather than relying on borrowed funds. A low or zero debt-to-equity ratio can suggest financial stability and a lower risk of financial distress. Additionally, it may also indicate that the company has a strong equity base, which could potentially enhance investor confidence in the company's financial health.