Alta Equipment Group Balance Sheet Health
Financial Health criteria checks 4/6
Alta Equipment Group has a total shareholder equity of $95.7M and total debt of $1.1B, which brings its debt-to-equity ratio to 1132.7%. Its total assets and total liabilities are $1.5B and $1.5B respectively. Alta Equipment Group's EBIT is $28.4M making its interest coverage ratio 0.4. It has cash and short-term investments of $14.6M.
Key information
1,132.7%
Debt to equity ratio
US$1.08b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$14.60m |
| Equity | US$95.70m |
| Total liabilities | US$1.45b |
| Total assets | US$1.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4ZL's short term assets ($826.4M) exceed its short term liabilities ($612.3M).
Long Term Liabilities: 4ZL's short term assets ($826.4M) do not cover its long term liabilities ($841.1M).
Debt to Equity History and Analysis
Debt Level: 4ZL's net debt to equity ratio (1117.5%) is considered high.
Reducing Debt: 4ZL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable 4ZL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 4ZL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 01:18 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Alta Equipment Group Inc. is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Rygiel | B. Riley Securities, Inc. |
| Matt Summerville | D.A. Davidson & Co. |
| Edward Jackson | Northland Capital Markets |