Alta Equipment Group (Alta Equipment Group) Debt-to-Equity : 7.88 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Alta Equipment Group Debt-to-Equity?

Alta Equipment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $421 Mil. Alta Equipment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $759 Mil. Alta Equipment Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $150 Mil. Alta Equipment Group's debt to equity for the quarter that ended in Dec. 2023 was 7.88.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Alta Equipment Group's Debt-to-Equity or its related term are showing as below:

ALTG' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.56 Med: 5.04 Max: 7.88
Current: 7.88

During the past 7 years, the highest Debt-to-Equity Ratio of Alta Equipment Group was 7.88. The lowest was -5.56. And the median was 5.04.

ALTG's Debt-to-Equity is ranked worse than
98.28% of 928 companies
in the Business Services industry
Industry Median: 0.385 vs ALTG: 7.88

Alta Equipment Group Debt-to-Equity Historical Data

The historical data trend for Alta Equipment Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Alta Equipment Group Debt-to-Equity Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.93

5.04

6.59

7.88

Alta Equipment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															6.59	7.38	7.70	7.62	7.88

Competitive Comparison of Alta Equipment Group's Debt-to-Equity

For the Rental & Leasing Services subindustry, Alta Equipment Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Alta Equipment Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Alta Equipment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Alta Equipment Group's Debt-to-Equity falls into.

Alta Equipment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alta Equipment Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(420.9	+	758.9)	/	149.7
	=	7.88

Alta Equipment Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(420.9	+	758.9)	/	149.7
	=	7.88

Alta Equipment Group (NYSE:ALTG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Alta Equipment Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Alta Equipment Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Alta Equipment Group (Alta Equipment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (NYSE:ALTG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ALTGpA.PFD:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.

Executives

Zachary E. Savas	director	3250 W. BIG BEAVER ROAD, SUITE 544, TROY MI 48084
Ryan Greenawalt	director, 10 percent owner, officer: CEO, Chairman	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150
Andrew P Studdert	director	PO BOX 66100 - WHQLD, CHICAGO IL 60666
Daniel Shribman	director	299 PARK AVENUE, NEW YORK NY 10171
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Brf Investments, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Craig Brubaker	officer: Chief Operating Officer	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN ROAD, LIVONIA MI 48150
Anthony Colucci	officer: Chief Financial Officer	C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150
Katherine E White	director	ONE MAIN STREET, EVANSVILLE IN 47708
B. Riley Principal Investments, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
James L Kempner	director	C/O LAZARD FRERES & CO. LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Bryant R Riley	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Brc Partners Management Gp, Llc	10 percent owner	11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Brc Partners Opportunity Fund, Lp	10 percent owner	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025