Altair Engineering Inc (ALTR)

Debt-to-equity 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-equity ratio		0.30	0.32	0.36	0.36	0.37	0.54	0.57	0.55	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $226,223K ÷ $762,928K
= 0.30

The debt-to-equity ratio of Altair Engineering Inc has shown fluctuations over the past several quarters, indicating varying degrees of leverage within the company. As of March 31, 2024, the debt-to-equity ratio stood at 0.30, which suggests that the company had a moderate level of debt relative to equity.

Looking at the trend over the past few quarters, the ratio has generally been decreasing since peaking at 0.57 in September 2022. This downward trend could indicate a reduction in the company's reliance on debt financing or an increase in equity relative to debt.

It is worth noting that in some quarters, such as the first quarter of 2021 and the third quarter of 2020, the company reported a debt-to-equity ratio of 0.00, indicating either a minimal amount of debt or a significant increase in equity.

Overall, the decreasing trend in the debt-to-equity ratio coupled with the occasional periods of negligible debt levels may suggest that Altair Engineering Inc is managing its debt levels prudently and maintaining a healthy balance between debt and equity in its capital structure. However, further analysis and consideration of industry norms and company-specific factors would be necessary to fully assess the implications of these ratios.