ALTR (Altair Engineering) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Altair Engineering LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Altair Engineering's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Altair Engineering's long-term debt to total assets ratio declined from Sep. 2023 (0.20) to Sep. 2024 (0.18). It may suggest that Altair Engineering is progressively becoming less dependent on debt to grow their business.

Altair Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Altair Engineering's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Altair Engineering LT-Debt-to-Total-Asset Chart

Altair Engineering Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.26

0.02

0.27

0.18

Altair Engineering Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.18	0.18	0.19	0.18

Altair Engineering LT-Debt-to-Total-Asset Calculation

Altair Engineering's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	248.554	/	1363.493
	=	0.18

Altair Engineering's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	251.296	/	1377.868
	=	0.18

Altair Engineering (NAS:ALTR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Altair Engineering LT-Debt-to-Total-Asset Related Terms

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Altair Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altair Engineering Inc (NAS:ALTR) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ALTR:Mexico 8A2:Germany

Address

1820 East Big Beaver Road, Troy, MI, USA, 48083

Website

https://www.altair.com

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.

Executives

James Ralph Scapa	director, 10 percent owner, officer: Chief Executive Officer	1820 E BIG BEAVER RD, TROY MI 48083
Mahalingam Srikanth	officer: See Remarks	1820 E BIG BEAVER RD, TROY MI 48083
James R. Scapa Declaration Of Trust	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Jrs Investments Llc	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Ravi Kunju	officer: Chief Product Strategy Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER RD., TROY MI 48083
Teresa A Harris	director	1820 E BIG BEAVER RD, TROY MI 48083
Jeffrey Marraccini	officer: See Remarks	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER RD., TROY MI 48083
Christ Revocable Trust	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
George J Christ	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Gc Investments Llc	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Raoul Maitra	officer: Chief Legal Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Brian Gayle	officer: Chief Accounting Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Amy Messano	officer: Chief Marketing Officer	1820 E. BIG BEAVER ROAD, TROY MI 48083
Gilma Saravia	officer: Chief People Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Nelson Dias	officer: Executive Vice President	1820 E BIG BEAVER RD, TROY MI 48083