Alta Equipment Group Balance Sheet Health
Financial Health criteria checks 3/6
Alta Equipment Group has a total shareholder equity of $136.9M and total debt of $1.1B, which brings its debt-to-equity ratio to 768.2%. Its total assets and total liabilities are $1.6B and $1.4B respectively. Alta Equipment Group's EBIT is $41.4M making its interest coverage ratio 0.7. It has cash and short-term investments of $5.6M.
Key information
768.2%
Debt to equity ratio
US$1.05b
Debt
Interest coverage ratio | 0.7x |
Cash | US$5.60m |
Equity | US$136.90m |
Total liabilities | US$1.43b |
Total assets | US$1.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4ZL's short term assets ($822.3M) exceed its short term liabilities ($631.1M).
Long Term Liabilities: 4ZL's short term assets ($822.3M) exceed its long term liabilities ($795.3M).
Debt to Equity History and Analysis
Debt Level: 4ZL's net debt to equity ratio (764.1%) is considered high.
Reducing Debt: 4ZL's debt to equity ratio has reduced from 12090.6% to 768.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if 4ZL has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 4ZL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.