Alta Equipment Group Balance Sheet Health
Financial Health criteria checks 3/6
Alta Equipment Group has a total shareholder equity of $149.7M and total debt of $1.0B, which brings its debt-to-equity ratio to 687.2%. Its total assets and total liabilities are $1.6B and $1.4B respectively. Alta Equipment Group's EBIT is $54.4M making its interest coverage ratio 1. It has cash and short-term investments of $31.0M.
Key information
687.2%
Debt to equity ratio
US$1.03b
Debt
Interest coverage ratio | 1x |
Cash | US$31.00m |
Equity | US$149.70m |
Total liabilities | US$1.42b |
Total assets | US$1.57b |
Recent financial health updates
These 4 Measures Indicate That Alta Equipment Group (NYSE:ALTG) Is Using Debt In A Risky Way
Aug 12Alta Equipment Group (NYSE:ALTG) Has Debt But No Earnings; Should You Worry?
Mar 31Recent updates
Weak 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 19Alta Equipment initiates $0.057 dividend, to buyback $12.5M shares
Jul 12Alta Equipment Group to acquire privately held Yale Industrial Trucks
Jul 06Our First Take On Alta Equipment Group
Dec 01Alta Equipment Group (NYSE:ALTG) Is Reinvesting At Lower Rates Of Return
Nov 30Earnings Update: Here's Why Analysts Just Lifted Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target To US$17.50
Aug 15These 4 Measures Indicate That Alta Equipment Group (NYSE:ALTG) Is Using Debt In A Risky Way
Aug 12There Are Reasons To Feel Uneasy About Alta Equipment Group's (NYSE:ALTG) Returns On Capital
May 26Alta Equipment Group (NYSE:ALTG) Has Debt But No Earnings; Should You Worry?
Mar 31Financial Position Analysis
Short Term Liabilities: ALTG's short term assets ($838.0M) exceed its short term liabilities ($635.1M).
Long Term Liabilities: ALTG's short term assets ($838.0M) exceed its long term liabilities ($786.1M).
Debt to Equity History and Analysis
Debt Level: ALTG's net debt to equity ratio (666.5%) is considered high.
Reducing Debt: ALTG's debt to equity ratio has reduced from 2317.2% to 687.2% over the past 5 years.
Debt Coverage: ALTG's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: ALTG's interest payments on its debt are not well covered by EBIT (1x coverage).