Company name:

Altair Engineering Inc

  • IPO SHARE PRICE:
    $13.00
  • IPO DATE:
    01 November 2017
  • TICKER:
    ALTR
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    1820 East Big Beaver Road Troy Michigan 48083
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Altair Engineering Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Balance Sheet

Quarterly Annual
(USD in thousand)
29.1% 14.2%
Selected Quarter:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
46.6%
29.1% —

Cash and cash equivalents

14.2% —

Accounts Receivable

2.5% —

Prepaid expenses and other current assets

0.8% —

Income tax receivable

Liquidity
Selected Quarter:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $39,771 $251,828 $246,937 $223,117 $247,145 $250,540 $245,364 $241,221
Accounts Receivable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 88,358 85,758 84,062 104,984 87,665 79,185 88,514 117,878
Income tax receivable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 8,137 8,515 11,551 7,264 5,884 5,760 7,091 6,736
Inventory
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
-
 3,389 - - - - - - -
Prepaid expenses and other current assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 15,976 18,262 18,398 17,092 16,777 16,469 18,834 21,100
Total current assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $155,631 $364,363 $360,948 $352,457 $357,471 $351,954 $359,803 $386,935
4.4% 4.0% 3.1% 9.2% 31.9%
Selected Quarter:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
53.4%
31.9% —

Goodwill

9.2% —

Other intangible assets

4.4% —

Property and equipment net

4.0% —

Operating lease - right-of-use assets

3.1% —

Other long-term assets

0.9% —

Deferred tax assets
Selected Quarter:
Property and equipment net
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 33,524 34,050 33,720 36,297 35,449 34,456 34,401 36,332
Operating lease - right-of-use assets
-
-
-
-
-
-
45,679
 29,892 28,878 26,507 28,134 25,321 32,598 33,302 33,526
Deferred tax assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 1,978 5,901 5,870 5,791 5,620 5,661 5,631 7,125
Other intangible assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 68,469 64,874 60,956 67,075 61,358 58,177 56,741 76,114
Goodwill
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 210,714 212,087 210,500 233,683 229,795 233,486 270,651 264,481
Other long-term assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 18,658 19,567 18,199 19,708 19,640 20,514 19,174 25,389
Total non-current assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 363,235 365,357 355,752 390,688 377,183 384,892 419,900 442,967
Total assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 $518,866 $729,720 $716,700 $743,145 $734,654 $736,846 $779,703 $829,902
10.3% 3.7% 4.2% 3.7% 3.3% 22.7% 57.2%
Selected Quarter:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
24.2%
10.3% —

Current portion of deferred revenue

4.2% —

Accrued employee compensation and benefits

3.7% —

Accrued expenses and other current liabilities

3.7% —

Current maturities of long-term debt

1.2% —

Current portion of Operating leases

1.0% —

Accounts payable
Selected Quarter:
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $6,569 $6,462 $8,286 $8,585 $5,625 $4,780 $5,413 $8,594
Accrued employee compensation and benefits
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 28,643 29,155 28,839 30,676 27,623 30,997 33,932 34,772
Accrued expenses and other current liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 31,910 27,979 27,426 28,603 35,760 27,411 25,606 30,982
Current portion of deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 66,030 67,587 69,377 75,431 72,567 73,061 74,045 85,691
Obligations for acquisition of businesses
$45,679
-
$45,679
$45,679
$45,679
$45,679
-
 - - - - - - - -
Current maturities of long-term debt
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 453 472 437 430 430 456 430 30,384
Current portion of Operating leases
-
-
-
-
-
-
$45,679
 9,464 9,412 8,891 9,141 8,635 9,369 10,062 10,331
Total current liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $143,069 $141,067 $143,256 $152,866 $150,640 $146,074 $149,488 $200,754
Selected Quarter:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
30.1%
22.7% —

Long-term debt

3.3% —

Other non-current liabilities

2.9% —

Operating leases

1.1% —

Deferred revenue
Selected Quarter:
Stock-based compensation liability
$45,679
$45,679
-
-
-
-
-
 - - - - - - - -
Deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 6,511 6,219 7,666 8,136 7,472 7,287 8,513 9,388
Long-term debt
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 15,686 173,157 175,624 178,238 180,777 183,409 215,945 188,653
Operating leases
-
-
-
-
-
-
$45,679
 21,744 20,722 18,831 20,174 17,796 24,352 24,395 24,323
Other non-current liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 27,811 26,362 25,630 26,672 19,472 19,990 21,123 27,414
Total long-term liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $71,752 $226,460 $227,751 $233,220 $225,517 $235,038 $269,976 $249,778
Total Liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $214,821 $367,527 $371,007 $386,086 $376,157 $381,112 $419,464 $450,532
Selected Quarter:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
45.6%
57.2% —

Additional paid-in capital

0.1% —

Mezzanine Equity

0.0% —

Common stock Class A

0.0% —

Common stock Class B
Selected Quarter:
Non-controlling interest
$45,679
$45,679
-
-
-
-
-
 - - - - - - - -
Mezzanine Equity
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 2,352 2,352 2,352 2,352 2,352 784 784 784
Preferred Stock
$45,679
-
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - - - - -
Common stock Class A
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 4 4 4 4 4 4 4 4
Common stock Class B
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 3 3 3 3 3 3 3 3
Accumulated deficit
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (68,986) (64,964) (80,903) (82,405) (76,763) (86,986) (95,491) (93,293)
Additional paid-in capital
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 381,159 433,902 436,197 446,633 449,870 456,307 464,803 474,669
Accumulated other comprehensive loss
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (10,487) (9,104) (11,960) (9,528) (16,969) (14,378) (9,864) (2,797)
Total Equity attributable to Company
$45,679
$45,679
-
-
-
-
-
 - - - - - - - -
Total Equity
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $301,693 $359,841 $343,341 $354,707 $356,145 $354,950 $359,455 $378,586
Total Liabilities and Equity
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $518,866 $729,720 $716,700 $743,145 $734,654 $736,846 $779,703 $829,902