Alten SA

Alten SA maintains a conservative capital structure with a debt-to-equity ratio of 0.13 and a current ratio of 1.63, indicating adequate short-term liquidity coverage. The balance sheet shows total equity of €2.22 billion against total liabilities of €1.41 billion, with long-term debt standing at €289 million. Despite holding €35.5 million in cash and equivalents, the company reports negative net cash after subtracting total debt, a key flag noted in the risk assessment. Operating cash flow is robust at €330.4 million, significantly exceeding free cash flow of €145.8 million, suggesting substantial capital expenditures or working capital adjustments.

Profitability metrics reveal modest returns, with a return on equity (ROE) of 4.81% and a return on assets (ROA) of 2.94%. The company generated €4.10 billion in revenue, resulting in a gross profit of €3.63 billion, which implies a high gross margin typical of service-oriented businesses. However, operating income was €199.6 million, leading to a net income of €106.9 million, indicating significant operating expenses relative to gross profit. Without cohort median data for direct comparison, these returns appear moderate for the IT services sector, where higher leverage and operating leverage are often observed.