In the wake of the increase in Current Liabilities in the fourth quarter 2024, Quick Ratio fell to 1.65 below Altair Engineering Inc average.

Within Software & Programming industry 71 other companies have achieved higher Quick Ratio than Altair Engineering Inc in fourth quarter 2024. While Quick Ratio total ranking in the fourth quarter 2024 has deteriorated compared to the prior quarter from 427 to 1329.

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ALTR Quick Ratio	(Dec 31 2024) Q4	(Sep 30 2024) Q3	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4
Y / Y Current Liabilities Change	85.29 %	-50.6 %	-54.57 %	-4.64 %	68.34 %
Y / Y Cash & cash equivalent Change	20.2 %	19.06 %	21.2 %	47.37 %	47.86 %
Quick Ratio MRQ	1.65	5.88	5.94	3.32	2.54
ALTR's Total Ranking	# 1329	# 427	# 480	# 803	# 981
Seq. Current Liabilities Change	290.07 %	2.39 %	-49.17 %	-8.73 %	4 %
Seq. Cash & cash equivalent Change	9.45 %	1.26 %	-9.07 %	19.28 %	8.41 %

Quick Ratio fourth quarter 2024 Company Ranking
Within:	No.
Software & Programming Industry	# 72
Technology Sector	# 220
Overall Market	# 1329

Quick Ratio Statistics
High	Average	Low
5.94	2.9	0.09
(Jun 30 2024)		(Sep 30 2017)

Financial Statements
Altair Engineering Inc 's Current Liabilities	$ 341 Millions	Visit ALTR's Balance sheet
Altair Engineering Inc 's Cash & cash equivalent	$ 562 Millions	Visit ALTR's Balance sheet
Source of ALTR's Sales		Visit ALTR's Sales by Geography

Cumulative Altair Engineering Inc 's Quick Ratio

ALTR's Quick Ratio for the trailling 12 Months

ALTR Quick Ratio	(Dec 31 2024) 12 Months	(Sep 30 2024) 12 Months	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months
Y / Y Current Liabilities TTM Growth	-5.97 %	-19.31 %	8.27 %	54.17 %	18.22 %
Y / Y Cash & cash equivalent TTM Growth	26.22 %	32.47 %	37.8 %	31.78 %	16.94 %
Quick Ratio TTM	3.14	3.9	3.2	2.62	2.34
Total Ranking TTM	# 3880	# 3583	# 3304	# 3623	# 3635
Seq. Current Liabilities TTM Growth	29.91 %	-14.58 %	-14.31 %	-1.13 %	11.49 %
Seq. Cash & cash equivalent TTM Growth	4.62 %	4.19 %	4.73 %	10.57 %	9.8 %

Quick ratio ranking by company, industry and sector >> Back to ALTR Financial Strength Comparisons >> Go to Compare ALTR Quick Ratio to its Competitors

On the trailing twelve months basis Due to in Current Liabilities in the Q4 2024 to $340.81 millions, cumulative Quick Ratio decreased to 3.14 above the ALTR average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 214 other companies have achieved higher Quick Ratio than Altair Engineering Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2024 from 3583 to 3880.

Explain Quick Ratio?
How much Cash & cash equivalents ALTR�s has?
What are ALTR�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Software & Programming Industry	# 215
Technology Sector	# 710
Within the Market	# 3880

trailing twelve months Quick Ratio Statistics
High	Average	Low
5.21	2.46	0.39
(March 31, 2013)		(Jun 30 2018)

Companies with similar Quick Ratio in the quarter ending Dec 31 2024, within Software & Programming Industry	Quick Ratio	Dec 31 2024 MRQ Cash & cash equivalent	Dec 31 2024 MRQ Current Liabilities
Klaviyo Inc	4.41	$ 881.473 Millions	$ 199.893 Millions
Nexscient Inc	4.21	$ 0.076 Millions	$ 0.018 Millions
Mongodb Inc	4.16	$ 2,336.577 Millions	$ 561.987 Millions
Atlassian Corporation	4.13	$ 2,338.903 Millions	$ 566.960 Millions
Foresight Autonomous Holdings Ltd	4.09	$ 7.153 Millions	$ 1.749 Millions
Perfect Corp	3.95	$ 127.392 Millions	$ 32.211 Millions
Alarm com Holdings Inc	3.72	$ 1,220.701 Millions	$ 328.233 Millions
Veeva Systems Inc	3.70	$ 5,150.227 Millions	$ 1,392.380 Millions
Orangekloud Technology Inc	3.69	$ 5.977 Millions	$ 1.620 Millions
Red Violet Inc	3.54	$ 36.504 Millions	$ 10.307 Millions
Aware Inc	3.54	$ 27.814 Millions	$ 7.864 Millions
Zedge Inc	3.53	$ 19.998 Millions	$ 5.672 Millions
Xunlei Ltd	3.26	$ 358.398 Millions	$ 109.931 Millions
Servicetitan Inc	3.18	$ 441.802 Millions	$ 138.942 Millions
Agora Inc	3.12	$ 198.890 Millions	$ 63.842 Millions
Okta Inc	3.03	$ 2,523.000 Millions	$ 832.000 Millions
Clear Secure Inc	3.00	$ 609.497 Millions	$ 203.301 Millions
Quantum Emotion Corp	2.97	$ 0.976 Millions	$ 0.329 Millions
Amesite Inc	2.96	$ 2.086 Millions	$ 0.704 Millions
Corecard Corporation	2.94	$ 24.891 Millions	$ 8.452 Millions
Sharplink Inc	2.94	$ 1.437 Millions	$ 0.488 Millions
Soundhound Ai Inc	2.93	$ 198.240 Millions	$ 67.742 Millions
Confluent Inc	2.92	$ 1,910.563 Millions	$ 654.677 Millions
Twilio Inc	2.91	$ 2,384.399 Millions	$ 820.220 Millions
Destiny Media Technologies Inc	2.90	$ 1.514 Millions	$ 0.523 Millions
Ipsidy Inc	2.87	$ 8.472 Millions	$ 2.956 Millions
Airship Ai Holdings Inc	2.82	$ 11.415 Millions	$ 4.050 Millions
Clearwater Analytics Holdings Inc	2.79	$ 255.489 Millions	$ 91.655 Millions
Marqeta Inc	2.67	$ 1,110.925 Millions	$ 416.212 Millions
Fastly Inc	2.65	$ 295.882 Millions	$ 111.542 Millions

Date modified: 2026-09-08T15:11:25+00:00

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