Alta Equipment Group Balance Sheet Health
Financial Health criteria checks 4/6
Alta Equipment Group has a total shareholder equity of $125.2M and total debt of $1.1B, which brings its debt-to-equity ratio to 879.6%. Its total assets and total liabilities are $1.6B and $1.5B respectively. Alta Equipment Group's EBIT is $35.5M making its interest coverage ratio 0.5. It has cash and short-term investments of $4.5M.
Key information
879.6%
Debt to equity ratio
US$1.10b
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$4.50m |
| Equity | US$125.20m |
| Total liabilities | US$1.47b |
| Total assets | US$1.59b |
Recent financial health updates
Recent updates
Alta Equipment Group Inc.'s (NYSE:ALTG) Share Price Is Matching Sentiment Around Its Revenues
Nov 07
Here's What's Concerning About Alta Equipment Group's (NYSE:ALTG) Returns On Capital
Sep 17Alta Equipment Group: More Than 100% Upside As Cash Piles Up In Coming Quarters
Aug 27Alta Equipment Group (NYSE:ALTG) Has No Shortage Of Debt
Aug 26Alta Equipment Group (NYSE:ALTG) Will Pay A Dividend Of $0.057
Aug 05Investors Still Aren't Entirely Convinced By Alta Equipment Group Inc.'s (NYSE:ALTG) Revenues Despite 27% Price Jump
Jul 17Returns On Capital At Alta Equipment Group (NYSE:ALTG) Paint A Concerning Picture
Jun 05Benign Growth For Alta Equipment Group Inc. (NYSE:ALTG) Underpins Stock's 31% Plummet
May 14Greenhaven Road Capital - Alta Equipment Group: A Razor/Razorblade Model Free Cash Flow Generator
May 01Is Now The Time To Look At Buying Alta Equipment Group Inc. (NYSE:ALTG)?
Apr 17Weak Statutory Earnings May Not Tell The Whole Story For Alta Equipment Group (NYSE:ALTG)
Mar 22Alta Equipment Group (NYSE:ALTG) Has Affirmed Its Dividend Of $0.057
Feb 05Alta Equipment: Debt And Control Concerns Mitigate The Gains From Acquisitions
Jan 12Alta Equipment Group (NYSE:ALTG) Is Paying Out A Dividend Of $0.057
Aug 11Alta Equipment Looks Cheap: Proven Model, M&A, And Online Efforts
Jul 27Estimating The Intrinsic Value Of Alta Equipment Group Inc. (NYSE:ALTG)
May 16When Should You Buy Alta Equipment Group Inc. (NYSE:ALTG)?
Apr 06Alta Equipment declares $0.057 dividend
Feb 01Alta Equipment Group to acquire Ecoverse Industries
Oct 18Alta Equipment: Multiple Tailwinds
Sep 26At US$12.93, Is Alta Equipment Group Inc. (NYSE:ALTG) Worth Looking At Closely?
Sep 09Alta Equipment Group (NYSE:ALTG) Will Be Hoping To Turn Its Returns On Capital Around
Jul 19Financial Position Analysis
Short Term Liabilities: ALTG's short term assets ($835.9M) exceed its short term liabilities ($610.4M).
Long Term Liabilities: ALTG's short term assets ($835.9M) do not cover its long term liabilities ($855.7M).
Debt to Equity History and Analysis
Debt Level: ALTG's net debt to equity ratio (876%) is considered high.
Reducing Debt: ALTG 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 ALTG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ALTG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.9% per year.