Alta Equipment Financials
ALTG Stock | USD 7.37 0.08 1.07% |
Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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Current Ratio | 1.44 | 1.52 |
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Investors should never underestimate Alta Equipment's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Alta Equipment's cash flow, debt, and profitability to make informed and accurate decisions about investing in Alta Equipment Group.
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Alta | Select Account or Indicator |
Understanding current and past Alta Equipment Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Alta Equipment's financial statements are interrelated, with each one affecting the others. For example, an increase in Alta Equipment's assets may result in an increase in income on the income statement.
Alta Equipment Stock Summary
Alta Equipment competes with PROG Holdings, GATX, McGrath RentCorp, Custom Truck, and Mega Matrix. Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan. Alta Equipment operates under Rental Leasing Services classification in the United States and is traded on New York Stock Exchange. It employs 2250 people.Specialization | Industrials, Rental & Leasing Services |
Instrument | USA Stock View All |
Exchange | New York Stock Exchange |
ISIN | US02128L1061 |
CUSIP | 02128L106 05586Y106 05586Y205 |
Location | Michigan; U.S.A |
Business Address | 13211 Merriman Road, |
Sector | Trading Companies & Distributors |
Industry | Industrials |
Benchmark | Dow Jones Industrial |
Website | www.altg.com |
Phone | 248 449 6700 |
Currency | USD - US Dollar |
Alta Equipment Key Financial Ratios
Return On Equity | -0.44 | ||||
Profit Margin | (0.03) % | ||||
Operating Margin | 0.02 % | ||||
Price To Sales | 0.13 X | ||||
Revenue | 1.88 B |
Alta Equipment Key Balance Sheet Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Other Current Liab | 42.3M | 141.6M | 103M | 101M | 116.2M | 122.0M | |
Retained Earnings | (53.4M) | (76.8M) | (74.2M) | (76.4M) | (68.8M) | (65.3M) | |
Total Liab | 589.3M | 847.9M | 1.2B | 1.4B | 1.6B | 1.7B | |
Total Assets | 746.2M | 982.6M | 1.3B | 1.6B | 1.8B | 1.9B | |
Other Liab | 42.4M | 16.9M | 19.9M | 33.6M | 38.6M | 22.6M | |
Net Tangible Assets | (34.8M) | 106.3M | 49.4M | 139.8M | 160.8M | 168.8M | |
Accounts Payable | 58.9M | 73.5M | 90.8M | 97M | 111.6M | 117.1M | |
Cash | 1.2M | 2.3M | 2.7M | 31M | 35.7M | 37.4M | |
Other Assets | 187.1M | 296M | 313.2M | 6M | 6.9M | 6.6M | |
Long Term Debt | 135M | 310M | 528.7M | 628.2M | 722.4M | 758.6M | |
Net Receivables | 137.8M | 182.7M | 232.8M | 249.3M | 286.7M | 160.7M | |
Good Will | 24.3M | 41.9M | 69.2M | 76.7M | 88.2M | 92.6M | |
Capital Surpluse | 5.0M | 216.2M | 217.4M | 222.8M | 256.2M | 269.0M | |
Inventory | 229M | 239.2M | 399.7M | 530.7M | 610.3M | 640.8M | |
Other Current Assets | 27.2M | 48.8M | 28.1M | 27M | 31.1M | 20.8M | |
Net Invested Capital | 614.8M | 700.5M | 929.5M | 1.2B | 1.4B | 1.4B | |
Short Long Term Debt | 322.9M | 255.8M | 261M | 405M | 465.8M | 489.0M | |
Total Current Assets | 381.6M | 448.6M | 663.3M | 838M | 963.7M | 1.0B | |
Net Working Capital | (52.7M) | 28M | 192.1M | 202.9M | 233.3M | 245.0M | |
Short Term Debt | 323.8M | 173.6M | 277.4M | 420.9M | 484.0M | 508.2M | |
Intangible Assets | 26.3M | 43.4M | 60.7M | 66.3M | 76.2M | 80.1M | |
Net Debt | 459.8M | 677.1M | 919.1M | 1.1B | 1.3B | 1.4B |
Alta Equipment Key Income Statement Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Tax Provision | (6.6M) | 3.6M | 1.3M | (6.4M) | (5.8M) | (5.5M) | |
Interest Expense | 23.8M | 24M | 31.8M | 57M | 65.6M | 68.8M | |
Net Income | (24M) | (20.8M) | 9.3M | 8.9M | 10.2M | 10.7M | |
Income Tax Expense | (6.6M) | 3.6M | 1.3M | (6.4M) | (5.8M) | (5.5M) | |
Total Revenue | 873.6M | 1.2B | 1.6B | 1.9B | 2.2B | 2.3B | |
Gross Profit | 214.5M | 314.4M | 419.6M | 507.2M | 583.3M | 612.4M | |
Operating Income | 800K | 18M | 40.8M | 54.4M | 62.6M | 65.7M | |
Ebit | (6.8M) | 6.8M | 42.4M | 59.5M | 68.4M | 71.8M | |
Cost Of Revenue | 659.1M | 898.4M | 1.2B | 1.4B | 1.6B | 1.7B | |
Income Before Tax | (30.6M) | (17.2M) | 10.6M | 2.5M | 2.9M | 3.0M | |
Ebitda | 68.2M | 102.6M | 154.4M | 192.1M | 220.9M | 232.0M | |
Net Interest Income | (23.8M) | (24M) | (31.8M) | (51.3M) | (46.2M) | (43.9M) |
Alta Equipment Key Cash Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Capital Expenditures | 45.9M | 50.4M | 76.7M | 74.6M | 85.8M | 45.0M | |
Net Income | (24M) | (20.8M) | 9.3M | 8.9M | 10.2M | 10.7M | |
End Period Cash Flow | 1.2M | 2.3M | 2.7M | 31M | 35.7M | 37.4M | |
Change To Inventory | (140.8M) | (154.1M) | (272.6M) | (286.3M) | (257.7M) | (244.8M) | |
Change In Cash | 1.2M | 1.1M | 400K | 28.3M | 32.5M | 34.2M | |
Net Borrowings | 91.9M | 92.8M | 88.1M | 413.2M | 475.2M | 498.9M | |
Free Cash Flow | (84.3M) | (19.7M) | (50.7M) | (10.8M) | (9.7M) | (10.2M) | |
Depreciation | 75M | 95.8M | 112M | 132.6M | 152.5M | 83.9M | |
Other Non Cash Items | 42.1M | 127.4M | 111.3M | 105M | 120.8M | 126.8M | |
Change To Netincome | 31.1M | (8M) | 300K | 6.3M | 5.7M | 5.1M | |
Investments | (224.5M) | (113.4M) | (162.6M) | (137.5M) | (158.1M) | (166.0M) |
Alta Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alta Equipment's current stock value. Our valuation model uses many indicators to compare Alta Equipment value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alta Equipment competition to find correlations between indicators driving Alta Equipment's intrinsic value. More Info.Alta Equipment Group is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Alta Equipment's Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Alta Equipment by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Alta Equipment Group Systematic Risk
Alta Equipment's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alta Equipment volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Alta Equipment Group correlated with the market. If Beta is less than 0 Alta Equipment generally moves in the opposite direction as compared to the market. If Alta Equipment Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alta Equipment Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alta Equipment is generally in the same direction as the market. If Beta > 1 Alta Equipment moves generally in the same direction as, but more than the movement of the benchmark.
Alta Equipment Thematic Clasifications
Alta Equipment Group is part of Rentals investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Rental and leasing services. Companies providing rental and leasing services to public and business
This theme covers Rental and leasing services. Companies providing rental and leasing services to public and business. Get More Thematic Ideas
Rentals | View |
Today, most investors in Alta Equipment Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Alta Equipment's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Alta Equipment growth as a starting point in their analysis.
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Alta Equipment February 16, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alta Equipment help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alta Equipment Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alta Equipment Group based on widely used predictive technical indicators. In general, we focus on analyzing Alta Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alta Equipment's daily price indicators and compare them against related drivers.
Information Ratio | (0.02) | |||
Maximum Drawdown | 16.61 | |||
Value At Risk | (5.48) | |||
Potential Upside | 5.7 |
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When running Alta Equipment's price analysis, check to measure Alta Equipment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alta Equipment is operating at the current time. Most of Alta Equipment's value examination focuses on studying past and present price action to predict the probability of Alta Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alta Equipment's price. Additionally, you may evaluate how the addition of Alta Equipment to your portfolios can decrease your overall portfolio volatility.
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