Altair Engineering Inc
Altair Engineering Inc., together with its subsidiaries, develops and offers software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates through two segments, Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, h… Read more
Altair Engineering Inc (ALTR) - Total Assets
Latest total assets as of December 2024: $1.45 Billion USD
Based on the latest financial reports, Altair Engineering Inc (ALTR) holds total assets worth $1.45 Billion USD as of December 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Altair Engineering Inc - Total Assets Trend (2015–2024)
This chart illustrates how Altair Engineering Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Altair Engineering Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Altair Engineering Inc's total assets of $1.45 Billion consist of 54.3% current assets and 45.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 38.9% |
| Accounts Receivable | $195.02 Million | 13.5% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $72.94 Million | 5.1% |
| Goodwill | $462.46 Million | 32.0% |
Asset Composition Trend (2015–2024)
This chart illustrates how Altair Engineering Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Altair Engineering Inc's current assets represent 54.3% of total assets in 2024, an increase from 43.2% in 2015.
- Cash Position: Cash and equivalents constituted 38.9% of total assets in 2024, up from 6.2% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 36.0% of total assets, an increase from 17.0% in 2015.
- Asset Diversification: The largest asset category is goodwill at 32.0% of total assets.
Altair Engineering Inc Competitors by Total Assets
Key competitors of Altair Engineering Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Altair Engineering Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Altair Engineering Inc generates 0.46x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Altair Engineering Inc generates $ 0.98 in net profit.
Altair Engineering Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.61 | 2.16 | 2.37 |
| Quick Ratio | 1.61 | 2.16 | 2.36 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $297.21 Million | $ 376.51 Million | $ 206.83 Million |
Altair Engineering Inc - Advanced Valuation Insights
This section examines the relationship between Altair Engineering Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 11.24 |
| Latest Market Cap to Assets Ratio | 3.71 |
| Asset Growth Rate (YoY) | 6.0% |
| Total Assets | $1.45 Billion |
| Market Capitalization | $5.36 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Altair Engineering Inc's assets at a significant premium ( 3.71x), suggesting investors see substantial growth potential or unique competitive advantages.
Positive Asset Growth: Altair Engineering Inc's assets grew by 6.0% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Altair Engineering Inc (2015–2024)
The table below shows the annual total assets of Altair Engineering Inc from 2015 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.45 Billion | +6.03% |
| 2023-12-31 | $1.36 Billion | +13.18% |
| 2022-12-31 | $1.20 Billion | +3.56% |
| 2021-12-31 | $1.16 Billion | +40.17% |
| 2020-12-31 | $829.90 Million | +11.67% |
| 2019-12-31 | $743.14 Million | +53.79% |
| 2018-12-31 | $483.22 Million | +67.86% |
| 2017-12-31 | $287.87 Million | +14.79% |
| 2016-12-31 | $250.78 Million | +13.04% |
| 2015-12-31 | $221.85 Million | -- |