Altair Inventory vs Capital Surpluse Analysis

ALTR Stock

USD 89.18 2.08 2.39%

Altair Engineering financial indicator trend analysis is way more than just evaluating Altair Engineering prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altair Engineering is a good investment. Please check the relationship between Altair Engineering Inventory and its Capital Surpluse accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.

Inventory vs Capital Surpluse

Inventory vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altair Engineering Inventory account and Capital Surpluse. At this time, the significance of the direction appears to have pay attention.

The correlation between Altair Engineering's Inventory and Capital Surpluse is -0.78. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Altair Engineering, assuming nothing else is changed. The correlation between historical values of Altair Engineering's Inventory and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Altair Engineering are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Inventory i.e., Altair Engineering's Inventory and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Inventory

Capital Surpluse

Most indicators from Altair Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.At this time, Altair Engineering's Selling General Administrative is relatively stable compared to the past year. As of 06/06/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Issuance Of Capital Stock is likely to drop 0.00.

	2022	2023	2024 (projected)
Interest Income	4.1M	16.9M	17.7M
Tax Provision	15.2M	21.5M	18.3M

Interest Income Tax Provision

Altair Engineering fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		0.92	0.83	0.76	0.94	0.71	0.81	0.95	0.29	-0.76	-0.49	0.77	0.92	0.99	0.89	-0.38	0.91	0.92	0.97	0.99	-0.04	0.92	0.9	0.72	0.98	-0.83
Short Long Term Debt Total	0.92		0.63	0.6	0.8	0.76	0.61	0.92	0.3	-0.51	-0.3	0.8	0.84	0.91	0.74	-0.06	0.93	0.84	0.89	0.89	-0.26	0.79	0.89	0.89	0.84	-0.8
Other Current Liab	0.83	0.63		0.94	0.8	0.48	0.89	0.76	0.2	-0.86	-0.48	0.41	0.79	0.81	0.71	-0.47	0.81	0.79	0.75	0.81	-0.03	0.75	0.74	0.27	0.84	-0.74
Total Current Liabilities	0.76	0.6	0.94		0.71	0.56	0.75	0.68	0.37	-0.86	-0.45	0.23	0.77	0.7	0.61	-0.28	0.75	0.77	0.69	0.7	-0.24	0.59	0.73	0.2	0.74	-0.74
Total Stockholder Equity	0.94	0.8	0.8	0.71		0.57	0.82	0.9	0.24	-0.85	-0.57	0.76	0.97	0.94	0.85	-0.52	0.79	0.97	0.92	0.94	0.04	0.95	0.92	0.61	0.93	-0.83
Other Liab	0.71	0.76	0.48	0.56	0.57		0.23	0.54	0.56	-0.39	-0.25	0.48	0.63	0.68	0.68	0.11	0.69	0.63	0.77	0.68	-0.55	0.49	0.73	0.7	0.61	-0.66
Net Tangible Assets	0.81	0.61	0.89	0.75	0.82	0.23		0.84	-0.08	-0.82	-0.39	0.55	0.76	0.81	0.63	-0.62	0.74	0.76	0.69	0.81	0.31	0.85	0.66	0.29	0.86	-0.62
Property Plant And Equipment Net	0.95	0.92	0.76	0.68	0.9	0.54	0.84		0.21	-0.7	-0.45	0.76	0.89	0.94	0.77	-0.34	0.9	0.89	0.89	0.93	0.05	0.89	0.87	0.73	0.92	-0.8
Current Deferred Revenue	0.29	0.3	0.2	0.37	0.24	0.56	-0.08	0.21		-0.31	-0.71	-0.05	0.35	0.23	0.48	0.04	0.18	0.35	0.44	0.23	-0.3	0.02	0.35	0.31	0.25	-0.4
Net Debt	-0.76	-0.51	-0.86	-0.86	-0.85	-0.39	-0.82	-0.7	-0.31		0.64	-0.34	-0.85	-0.72	-0.68	0.64	-0.58	-0.85	-0.72	-0.73	-0.12	-0.73	-0.74	-0.17	-0.79	0.66
Retained Earnings	-0.49	-0.3	-0.48	-0.45	-0.57	-0.25	-0.39	-0.45	-0.71	0.64		-0.24	-0.56	-0.46	-0.71	0.56	-0.24	-0.56	-0.59	-0.49	-0.24	-0.43	-0.44	-0.24	-0.55	0.48
Accounts Payable	0.77	0.8	0.41	0.23	0.76	0.48	0.55	0.76	-0.05	-0.34	-0.24		0.67	0.83	0.72	-0.31	0.68	0.67	0.77	0.83	0.1	0.86	0.69	0.84	0.76	-0.56
Cash	0.92	0.84	0.79	0.77	0.97	0.63	0.76	0.89	0.35	-0.85	-0.56	0.67		0.89	0.78	-0.39	0.82	1.0	0.89	0.88	-0.13	0.85	0.97	0.62	0.88	-0.85
Non Current Assets Total	0.99	0.91	0.81	0.7	0.94	0.68	0.81	0.94	0.23	-0.72	-0.46	0.83	0.89		0.9	-0.4	0.9	0.89	0.97	1.0	0.0	0.95	0.88	0.74	0.98	-0.83
Non Currrent Assets Other	0.89	0.74	0.71	0.61	0.85	0.68	0.63	0.77	0.48	-0.68	-0.71	0.72	0.78	0.9		-0.47	0.68	0.78	0.95	0.92	0.09	0.85	0.74	0.66	0.92	-0.76
Other Assets	-0.38	-0.06	-0.47	-0.28	-0.52	0.11	-0.62	-0.34	0.04	0.64	0.56	-0.31	-0.39	-0.4	-0.47		-0.12	-0.39	-0.37	-0.43	-0.74	-0.55	-0.22	0.05	-0.51	0.06
Long Term Debt	0.91	0.93	0.81	0.75	0.79	0.69	0.74	0.9	0.18	-0.58	-0.24	0.68	0.82	0.9	0.68	-0.12		0.82	0.82	0.87	-0.26	0.77	0.87	0.71	0.84	-0.78
Cash And Short Term Investments	0.92	0.84	0.79	0.77	0.97	0.63	0.76	0.89	0.35	-0.85	-0.56	0.67	1.0	0.89	0.78	-0.39	0.82		0.89	0.88	-0.13	0.85	0.97	0.62	0.88	-0.85
Net Receivables	0.97	0.89	0.75	0.69	0.92	0.77	0.69	0.89	0.44	-0.72	-0.59	0.77	0.89	0.97	0.95	-0.37	0.82	0.89		0.97	-0.05	0.89	0.88	0.76	0.96	-0.83
Good Will	0.99	0.89	0.81	0.7	0.94	0.68	0.81	0.93	0.23	-0.73	-0.49	0.83	0.88	1.0	0.92	-0.43	0.87	0.88	0.97		0.04	0.96	0.86	0.72	0.99	-0.81
Common Stock Total Equity	-0.04	-0.26	-0.03	-0.24	0.04	-0.55	0.31	0.05	-0.3	-0.12	-0.24	0.1	-0.13	0.0	0.09	-0.74	-0.26	-0.13	-0.05	0.04		0.21	-0.3	-0.2	0.13	0.33
Common Stock Shares Outstanding	0.92	0.79	0.75	0.59	0.95	0.49	0.85	0.89	0.02	-0.73	-0.43	0.86	0.85	0.95	0.85	-0.55	0.77	0.85	0.89	0.96	0.21		0.8	0.63	0.95	-0.74
Long Term Debt Total	0.9	0.89	0.74	0.73	0.92	0.73	0.66	0.87	0.35	-0.74	-0.44	0.69	0.97	0.88	0.74	-0.22	0.87	0.97	0.88	0.86	-0.3	0.8		0.71	0.82	-0.86
Non Current Liabilities Total	0.72	0.89	0.27	0.2	0.61	0.7	0.29	0.73	0.31	-0.17	-0.24	0.84	0.62	0.74	0.66	0.05	0.71	0.62	0.76	0.72	-0.2	0.63	0.71		0.64	-0.6
Capital Surpluse	0.98	0.84	0.84	0.74	0.93	0.61	0.86	0.92	0.25	-0.79	-0.55	0.76	0.88	0.98	0.92	-0.51	0.84	0.88	0.96	0.99	0.13	0.95	0.82	0.64		-0.78
Inventory	-0.83	-0.8	-0.74	-0.74	-0.83	-0.66	-0.62	-0.8	-0.4	0.66	0.48	-0.56	-0.85	-0.83	-0.76	0.06	-0.78	-0.85	-0.83	-0.81	0.33	-0.74	-0.86	-0.6	-0.78

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Altair Engineering Account Relationship Matchups

Altair Engineering fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	743.1M	829.9M	1.2B	1.2B	1.4B	800.3M
Short Long Term Debt Total	208.0M	253.7M	229.2M	340.1M	338.8M	191.9M
Other Current Liab	59.3M	64.6M	164.5M	98.8M	88.4M	82.4M
Total Current Liabilities	152.9M	200.8M	474.0M	232.7M	324.1M	246.7M
Total Stockholder Equity	357.1M	379.4M	614.0M	569.7M	711.3M	746.9M
Other Liab	37.2M	37.6M	56.6M	72.6M	83.5M	50.1M
Net Tangible Assets	53.9M	38.8M	144.0M	13.1M	15.0M	10.1M
Property Plant And Equipment Net	64.4M	69.9M	69.0M	71.1M	70.6M	56.4M
Current Deferred Revenue	75.4M	86.8M	93.2M	113.1M	136.4M	108.9M
Net Debt	(15.1M)	12.5M	(184.6M)	23.9M	(128.6M)	(122.2M)
Retained Earnings	(82.4M)	(93.3M)	(102.1M)	(121.6M)	(130.5M)	(137.0M)
Accounts Payable	8.6M	8.6M	6.6M	10.4M	9.0M	8.3M
Cash	223.1M	241.2M	413.7M	316.1M	467.5M	490.8M
Non Current Assets Total	390.7M	443.0M	575.1M	677.9M	662.9M	427.1M
Non Currrent Assets Other	9.7M	15.1M	19.6M	32.7M	34.2M	19.0M
Other Assets	25.5M	66.0M	36.8M	50.1M	45.1M	35.7M
Long Term Debt	31.4M	178.2M	188.7M	305.6M	225.9M	147.7M
Cash And Short Term Investments	223.1M	241.2M	413.7M	316.1M	467.5M	490.8M
Net Receivables	112.2M	124.6M	146.9M	181.5M	207.1M	136.7M
Good Will	233.7M	264.5M	370.2M	449.0M	458.1M	258.5M
Common Stock Shares Outstanding	71.5M	73.2M	76.2M	79.5M	80.6M	74.4M
Long Term Debt Total	31.4M	178.2M	188.7M	305.6M	351.4M	369.0M
Liabilities And Stockholders Equity	743.1M	829.9M	1.2B	1.2B	1.4B	800.3M
Non Current Liabilities Total	233.2M	249.8M	75.3M	402.3M	328.1M	198.3M
Capital Surpluse	446.6M	474.7M	724.2M	721.3M	829.5M	420.8M
Inventory	2.0M	2.0M	2.4M	1.0	0.9	0.86
Other Current Assets	17.1M	21.1M	27.5M	29.1M	26.1M	19.7M
Other Stockholder Equity	444.3M	473.9M	723.4M	721.3M	864.1M	479.2M
Total Liab	386.1M	450.5M	549.3M	635.0M	652.2M	445.1M
Property Plant And Equipment Gross	64.4M	69.9M	69.0M	71.1M	125.1M	63.1M
Short Long Term Debt	430K	30.4M	199.7M	81.5M	93.7M	98.4M
Total Current Assets	352.5M	386.9M	588.2M	526.8M	700.6M	373.3M
Accumulated Other Comprehensive Income	(9.5M)	(2.8M)	(9.0M)	(30.0M)	(22.3M)	(21.2M)
Short Term Debt	9.6M	40.7M	209.6M	10.4M	90.3M	47.1M
Intangible Assets	67.1M	76.1M	99.1M	107.6M	83.6M	67.0M
Property Plant Equipment	64.4M	36.3M	69.0M	37.5M	43.1M	44.5M
Non Current Liabilities Other	10.0M	61.1M	42.9M	41.2M	2.2M	2.1M
Retained Earnings Total Equity	(82.4M)	(93.3M)	(102.1M)	(121.6M)	(109.4M)	(114.9M)

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Altair Inventory vs Capital Surpluse Analysis

Inventory vs Capital Surpluse

Inventory vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Inventory

Capital Surpluse

Altair Engineering fundamental ratios Correlations

Altair Engineering Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altair Engineering fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Altair Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.99	Total Assets
Capital Surpluse	+ 0.99	Good Will
Capital Surpluse	+ 0.98	Total Assets

Inventory	- 0.86	Long Term Debt Total
Net Debt	- 0.86	Total Current Liabilities
Net Debt	- 0.86	Other Current Liab
Inventory	- 0.85	Cash And Short Term Investments
Inventory	- 0.85	Cash
Cash And Short Term Investments	- 0.85	Net Debt