Altair Engineering Inc (ALTR)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 857,189 | 836,900 | 791,306 | 762,928 | 711,331 | 634,118 | 620,215 | 606,905 | 569,736 | 535,529 | 558,172 | 619,209 | 613,981 | 603,046 | 400,129 | 399,813 | 379,370 | 360,239 | 355,734 | 358,497 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $857,189K
= 0.00
Altair Engineering Inc's debt-to-equity ratio has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or growth, resulting in a debt-free capital structure. A debt-to-equity ratio of 0.00 reflects a lower financial risk for the company as it implies that the firm's operations are primarily funded by equity rather than debt. However, it's important to note that a zero debt-to-equity ratio may also suggest missed opportunities for leveraging debt to potentially enhance returns for shareholders or fuel expansion. Overall, Altair Engineering Inc's consistent zero debt-to-equity ratio signifies a conservative financial strategy with minimal reliance on external borrowing for its business activities.
Peer comparison
Dec 31, 2024