Altair Engineering Inc.

Altair Engineering Inc.verified

ALTR

Price:

$105.2

Market Cap:

$8.96B

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also offers software technologies in the areas of computational flui...[Read more]

Industry

Software - Infrastructure

IPO Date

2017-11-01

Stock Exchange

NASDAQ

Ticker

ALTR

The Current Ratio as of November 2024 (TTM) for Altair Engineering Inc. (ALTR) is 3.27

According to Altair Engineering Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.27. This represents a change of 18.82% compared to the average of 2.75 of the last 4 quarters.

Altair Engineering Inc. (ALTR) Historical Current Ratio (quarterly & annually)

How has ALTR Current Ratio performed in the past?

The mean historical Current Ratio of Altair Engineering Inc. over the last ten years is 1.46. The current 3.27 Current Ratio has changed 22.31% with respect to the historical average. Over the past ten years (40 quarters), ALTR's Current Ratio was at its highest in in the September 2024 quarter at 3.27. The Current Ratio was at its lowest in in the March 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

1.46

Median

1.24

Minimum

0.63

Maximum

2.31

Altair Engineering Inc. (ALTR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Altair Engineering Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 91.23%

Maximum Annual Current Ratio = 2.31

Minimum Annual Increase = -35.61%

Minimum Annual Current Ratio = 0.63

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.16-4.50%
20222.2682.40%
20211.24-35.61%
20201.93-16.41%
20192.3191.23%
20181.2165.46%
20170.739.55%
20160.674.77%

Altair Engineering Inc. (ALTR) Average Current Ratio

How has ALTR Current Ratio performed in the past?

The current Current Ratio of Altair Engineering Inc. (ALTR) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.89

5-year avg

1.98

10-year avg

1.46

Altair Engineering Inc. (ALTR) Current Ratio vs. Peers

How is ALTR’s Current Ratio compared to its peers?

Altair Engineering Inc.’s Current Ratio is greater than Global Blue Group Holding AG (0.98), greater than EverCommerce Inc. (1.81), greater than CSG Systems International, Inc. (1.58), greater than Consensus Cloud Solutions, Inc. (1.05), less than EngageSmart, Inc. (6.71), greater than i3 Verticals, Inc. (2.98), greater than CCC Intelligent Solutions Holdings Inc. (3.19), greater than SPS Commerce, Inc. (2.36), greater than EVERTEC, Inc. (0.00), greater than NetScout Systems, Inc. (1.68), greater than AvidXchange Holdings, Inc. (1.32), less than ForgeRock, Inc. (3.64), greater than Appian Corporation (1.21), greater than Five9, Inc. (1.85), greater than DigitalOcean Holdings, Inc. (3.14), greater than A10 Networks, Inc. (2.23),

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