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Altair Engineering (ALTR)
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Altair Engineering Balance Sheet 2024-2011 | ALTR
Brief overview of Altair Engineering's financial position
The review uses the five latest available annual reports between 2020 and 2024.
Assets reached $1.4 billion, compared with $829.9 million at the beginning. Growth of +74.2% and CAGR near 14.9% show active expansion.
Liabilities increased less than assets, posting +30.6% versus +74.2%. That relationship usually strengthens the balance sheet.
The equity ratio reached 59.3% from 45.6%. A high capital share reduces dependence on liabilities.
Negative net debt of -$529.9 million means cash holdings are larger than debt obligations.
Cash represents 38.9% of assets versus 29.1% initially, showing how the immediate liquidity reserve changed.
Retained earnings are negative at -$116.3 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Overall assessment
Altair Engineering's balance sheet looks resilient: assets are supported by substantial equity, while debt does not overwhelm financial flexibility.
Annual Balance Sheet Altair Engineering
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-530 M | -436 M | -282 M | -404 M | -42.6 M | -44.4 M | -3.6 M | -38.8 M | 68.4 M | 69.4 M | - | - | - | - |
Long Term Debt |
24.1 M | 22.6 M | 24.1 M | 146 K | 189 M | 178 M | 31.4 M | 178 K | 74.8 M | 69.4 M | - | - | - | - |
Long Term Debt Current |
7.88 M | 8.82 M | 10.4 M | 9.93 M | 10.3 M | 9.14 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 233 M | 66.3 M | 27.5 M | 127 M | 113 M | - | - | - | - |
Total Current Liabilities |
488 M | 324 M | 233 M | 474 M | 201 M | 153 M | 128 M | 197 M | - | - | - | - | - | - |
Total Liabilities |
588 M | 652 M | 635 M | 549 M | 451 M | 386 M | 194 M | 225 M | 285 M | 264 M | - | - | - | - |
Deferred Revenue |
139 M | 131 M | 113 M | 93.2 M | 86.8 M | 76.3 M | 61.3 M | 131 M | 102 M | 94.8 M | - | - | - | - |
Retained Earnings |
-116 M | -131 M | -122 M | -102 M | -93.3 M | -82.4 M | -82 M | -166 M | -67.1 M | -77.3 M | - | - | - | - |
Total Assets |
1.45 B | 1.36 B | 1.2 B | 1.16 B | 830 M | 743 M | 483 M | 288 M | 251 M | 222 M | - | - | - | - |
Cash and Cash Equivalents |
562 M | 467 M | 317 M | 414 M | 242 M | 223 M | 35.3 M | 39.2 M | 17.1 M | 14 M | - | - | - | - |
Book Value |
857 M | 711 M | 570 M | 614 M | 379 M | 357 M | 289 M | 62.9 M | -34.7 M | -42 M | - | - | - | - |
Total Shareholders Equity |
857 M | 711 M | 570 M | 613 M | 379 M | 355 M | 294 M | 60.6 M | -34.7 M | -42 M | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Altair Engineering
| 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
24.5 M | 24.6 M | 22.5 M | 23.4 M | 21.3 M | 24 M | 24.1 M | 23.5 M | 16.3 M | 18.8 M | 19.6 M | 21.6 M | 23.8 M | 258 K | 189 M | 216 M | 183 M | 181 M | 178 M | 176 M | 173 M | 15.7 M | 31 M | 670 K | 690 K | 526 K | 203 K | 81.9 M | 178 K | 178 K | 74.8 M | 74.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
541 M | 545 M | 617 M | 618 M | 636 M | 619 M | 635 M | 589 M | 570 M | 514 M | 549 M | 411 M | 420 M | 418 M | 451 M | 419 M | 381 M | 376 M | 386 M | 371 M | 368 M | 215 M | 191 M | 216 M | 234 M | 243 M | 225 M | 362 M | 225 M | 225 M | 285 M | 285 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
115 M | 123 M | 121 M | 111 M | 122 M | 114 M | 113 M | 94.5 M | 92.1 M | 96.5 M | 93.2 M | 75.1 M | 81.3 M | 81.7 M | 85.7 M | 74 M | 73.1 M | 72.6 M | 75.4 M | 69.4 M | 67.6 M | 66 M | 59.8 M | 137 M | 147 M | 153 M | 130 M | 118 M | 130 M | 130 M | 101 M | 101 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-117 M | -119 M | -114 M | -150 M | -146 M | -124 M | -122 M | -134 M | -100 M | -66.6 M | -102 M | -101 M | -92.6 M | -78.9 M | -93.3 M | -95.5 M | -87 M | -76.8 M | -82.4 M | -80.9 M | -65 M | -69 M | -74.9 M | -154 M | -161 M | -163 M | -166 M | -106 M | -166 M | -166 M | -67.1 M | -67.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
1.38 B | 1.34 B | 1.38 B | 1.25 B | 1.26 B | 1.23 B | 1.2 B | 1.12 B | 1.13 B | 1.13 B | 1.16 B | 1.01 B | 820 M | 818 M | 830 M | 780 M | 737 M | 735 M | 743 M | 717 M | 730 M | 519 M | 487 M | 428 M | 438 M | 311 M | 288 M | 301 M | 288 M | 288 M | 251 M | 251 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
513 M | 507 M | 558 M | 431 M | 418 M | 378 M | 316 M | 312 M | 416 M | 406 M | 414 M | 456 M | 260 M | 243 M | 241 M | 245 M | 251 M | 247 M | 223 M | 247 M | 252 M | 39.8 M | 35.3 M | 197 M | 199 M | 63.2 M | 39.2 M | 16.7 M | 39.2 M | 39.2 M | 16.9 M | 16.9 M | - | - | 14 M | - | - | - | 17.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
837 M | 791 M | 763 M | 634 M | 620 M | 607 M | 570 M | 536 M | 558 M | 619 M | 614 M | 603 M | 400 M | 400 M | 379 M | 360 M | 356 M | 358 M | 357 M | 346 M | 362 M | 304 M | 296 M | 212 M | 204 M | 67.5 M | 62.9 M | -60.2 M | 62.9 M | 62.9 M | -34.7 M | -34.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
837 M | 791 M | 763 M | 634 M | 620 M | 607 M | 570 M | 536 M | 558 M | 618 M | 613 M | 602 M | 399 M | 399 M | 379 M | 359 M | 355 M | 356 M | 355 M | 343 M | 360 M | 302 M | 294 M | 209 M | 202 M | 65.1 M | 58.9 M | -62.6 M | 60.6 M | 60.6 M | -34.7 M | -34.7 M | - | - | -42 M | - | - | - | -50.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Altair Engineering, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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