Altair Historical Balance Sheet

ALTR
 Stock
  

USD 57.89  2.99  4.91%   

Trend analysis of Altair Engineering balance sheet accounts such as Receivables of 113.4 M, Accounts Payable of 6.4 M or Total Assets of 941.8 M provides information on Altair Engineering's total assets, liabilities, and equity, which is the actual value of Altair Engineering to its prevalent stockholders. By breaking down trends over time using Altair Engineering balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Altair Engineering prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Altair Engineering is a good buy for the upcoming year.
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About Altair Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Altair Engineering at a specified time, usually calculated after every quarter, six months, or one year. Altair Engineering Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Altair Engineering and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Altair currently owns. An asset can also be divided into two categories, current and non-current.

Altair Engineering Balance Sheet Chart

Altair Engineering Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Altair Engineering uses and utilizes its capital. It also shows what exactly a company owns and owes.
Altair Engineering Trade and Non Trade Payables is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Trade and Non Trade Payables of 6.65 Million. As of 08/07/2022, Tax Assets is likely to grow to about 21.7 M, while Receivables is likely to drop slightly above 113.4 M.

Total Assets

Total assets refers to the total amount of Altair Engineering assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Altair Engineering books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.

Current Assets

Current assets of Altair Engineering include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Altair Engineering. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on Altair Engineering balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Altair Engineering books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Altair Engineering balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Altair Engineering current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please continue to Trending Equities.Altair Engineering Trade and Non Trade Payables is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Trade and Non Trade Payables of 6.65 Million. As of 08/07/2022, Tax Assets is likely to grow to about 21.7 M, while Receivables is likely to drop slightly above 113.4 M.
 2021 2022 (projected)
Receivables137.56 M113.37 M
Inventories1.77 M1.69 M

Altair Engineering balance sheet Correlations

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-0.260.520.980.910.980.90.750.710.13-0.310.950.98-0.240.830.720.210.590.930.99-0.85
0.270.520.510.360.580.340.550.020.65-0.850.50.60.290.31-0.050.630.970.550.48-0.58
-0.280.980.510.970.990.960.840.80.16-0.340.970.98-0.260.910.790.280.60.950.98-0.75
-0.310.910.360.970.941.00.810.890.06-0.220.960.92-0.310.930.890.230.50.920.95-0.67
-0.270.980.580.990.940.930.80.750.17-0.450.981.0-0.250.860.740.280.670.930.98-0.78
-0.310.90.340.961.00.930.830.90.07-0.210.950.9-0.30.940.90.240.490.920.94-0.64
-0.20.750.550.840.810.80.830.620.55-0.320.730.75-0.180.930.570.690.610.910.75-0.41
-0.340.710.020.80.890.750.90.62-0.3-0.040.810.72-0.350.840.99-0.10.190.660.77-0.37
0.110.130.650.160.060.170.070.55-0.3-0.370.050.140.130.23-0.340.970.570.40.08-0.11
-0.09-0.31-0.85-0.34-0.22-0.45-0.21-0.32-0.04-0.37-0.4-0.46-0.11-0.120.05-0.39-0.86-0.29-0.30.34
-0.280.950.50.970.960.980.950.730.810.05-0.40.98-0.270.830.810.180.630.90.98-0.8
-0.250.980.60.980.921.00.90.750.720.14-0.460.98-0.230.820.710.240.690.910.98-0.83
1.0-0.240.29-0.26-0.31-0.25-0.3-0.18-0.350.13-0.11-0.27-0.23-0.31-0.370.010.21-0.24-0.270.0
-0.320.830.310.910.930.860.940.930.840.23-0.120.830.82-0.310.820.390.410.920.85-0.46
-0.360.72-0.050.790.890.740.90.570.99-0.340.050.810.71-0.370.82-0.150.130.670.79-0.42
0.00.210.630.280.230.280.240.69-0.10.97-0.390.180.240.010.39-0.150.610.510.19-0.11
0.190.590.970.60.50.670.490.610.190.57-0.860.630.690.210.410.130.610.630.58-0.63
-0.260.930.550.950.920.930.920.910.660.4-0.290.90.91-0.240.920.670.510.630.93-0.73
-0.290.990.480.980.950.980.940.750.770.08-0.30.980.98-0.270.850.790.190.580.93-0.83
0.02-0.85-0.58-0.75-0.67-0.78-0.64-0.41-0.37-0.110.34-0.8-0.830.0-0.46-0.42-0.11-0.63-0.73-0.83
Click cells to compare fundamentals

Altair Engineering Account Relationship Matchups

Altair Engineering balance sheet Accounts

201720182019202020212022 (projected)
Receivables86.64 M96.8 M104.98 M117.88 M137.56 M113.37 M
Accounts Payable4.88 M8.36 M8.59 M8.59 M6.65 M6.4 M
Accumulated Other Comprehensive Income(5.07 M)(11.29 M)(9.53 M)(2.8 M)(8.95 M)(9.66 M)
Total Assets287.87 M487.2 M743.14 M829.9 M1.16 B941.76 M
Current Assets143.89 M154.03 M352.46 M386.94 M588.22 M634.66 M
Assets Non Current143.98 M333.16 M390.69 M442.97 M575.05 M481.1 M
Cash and Equivalents39.21 M35.34 M223.12 M241.22 M413.74 M446.41 M
Cash and Equivalents USD39.21 M35.34 M223.12 M241.22 M413.74 M446.41 M
Total Debt410 K31.75 M207.98 M252.92 M229.19 M194.29 M
Debt Current232 K331 K9.57 M40.29 M209.64 M226.19 M
Debt Non Current178 K31.42 M198.41 M212.62 M19.55 M20.06 M
Total Debt USD410 K31.75 M207.98 M252.92 M229.19 M194.29 M
Deferred Revenue139.76 M66.52 M83.57 M95.08 M106.03 M98.6 M
Shareholders Equity60.59 M293.69 M354.71 M378.59 M613.2 M661.61 M
Shareholders Equity USD60.59 M293.69 M354.71 M378.59 M613.2 M661.61 M
Goodwill and Intangible Assets87.17 M280.37 M300.76 M340.6 M469.24 M376.36 M
Total Liabilities224.93 M191.16 M386.09 M450.53 M549.29 M483.57 M
Current Liabilities197.46 M127.23 M152.87 M200.75 M473.98 M511.4 M
Liabilities Non Current27.46 M63.93 M233.22 M249.78 M75.32 M113.26 M
Trade and Non Trade Payables4.88 M8.36 M8.59 M8.59 M6.65 M7.49 M
Property Plant and Equipment Net31.45 M30.15 M64.43 M69.86 M68.97 M62.76 M
Trade and Non Trade Receivables86.64 M96.8 M104.98 M117.88 M137.56 M128.74 M
Accumulated Retained Earnings Deficit(166.5 M)(74.86 M)(82.41 M)(93.29 M)(102.09 M)(110.15 M)
Tax Assets14.4 M9.79 M13.05 M13.86 M17.88 M21.7 M

Altair Engineering Investors Sentiment

The influence of Altair Engineering's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Altair. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Altair Engineering's public news can be used to forecast risks associated with investment in Altair. The trend in average sentiment can be used to explain how an investor holding Altair can time the market purely based on public headlines and social activities around Altair Engineering. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Altair Engineering's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Altair Engineering's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Altair Engineering's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Altair Engineering.

Altair Engineering Implied Volatility

    
  53.34  
Altair Engineering's implied volatility exposes the market's sentiment of Altair Engineering stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Altair Engineering's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Altair Engineering stock will not fluctuate a lot when Altair Engineering's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altair Engineering in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altair Engineering's short interest history, or implied volatility extrapolated from Altair Engineering options trading.

Pair Trading with Altair Engineering

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altair Engineering position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altair Engineering will appreciate offsetting losses from the drop in the long position's value.

Moving together with Altair Engineering

0.71ACIWAci Worldwide Downward RallyPairCorr
0.7ADBEAdobe Systems Fiscal Year End 15th of December 2022 PairCorr
The ability to find closely correlated positions to Altair Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altair Engineering when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altair Engineering - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altair Engineering to buy it.
The correlation of Altair Engineering is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altair Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altair Engineering can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Trending Equities. Note that the Altair Engineering information on this page should be used as a complementary analysis to other Altair Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Altair Engineering price analysis, check to measure Altair Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altair Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.
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Is Altair Engineering's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Altair Engineering. If investors know Altair will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Altair Engineering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.28
Market Capitalization
4.7 B
Quarterly Revenue Growth YOY
0.064
Return On Assets
0.0106
Return On Equity
-0.0229
The market value of Altair Engineering is measured differently than its book value, which is the value of Altair that is recorded on the company's balance sheet. Investors also form their own opinion of Altair Engineering's value that differs from its market value or its book value, called intrinsic value, which is Altair Engineering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altair Engineering's market value can be influenced by many factors that don't directly affect Altair Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altair Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine Altair Engineering value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altair Engineering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.