Alta Equipment Group Stock Current Asset
| ALTG Stock | USD 7.91 0.40 5.33% |
Alta Equipment Group fundamentals help investors to digest information that contributes to Alta Equipment's financial success or failures. It also enables traders to predict the movement of Alta Stock. The fundamental analysis module provides a way to measure Alta Equipment's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Alta Equipment stock.
The Alta Equipment's current Total Current Assets is estimated to increase to about 879.9 M, while Non Current Assets Total are projected to decrease to roughly 377.9 M. Alta | Current Asset |
Alta Equipment Group Company Current Asset Analysis
Alta Equipment's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Alta Equipment Current Asset | 44.43 K |
Most of Alta Equipment's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alta Equipment Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Alta Current Asset Historical Pattern
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 drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Alta Equipment current asset as a starting point in their analysis.
Alta Equipment Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Alta Total Assets
Total Assets |
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In accordance with the recently published financial statements, Alta Equipment Group has a Current Asset of 44.43 K. This is 100.0% lower than that of the Trading Companies & Distributors sector and 100.0% lower than that of the Industrials industry. The current asset for all United States stocks is 100.0% higher than that of the company.
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Alta Equipment ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Alta Equipment's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Alta Equipment's managers, analysts, and investors.Environmental | Governance | Social |
Alta Fundamentals
| Return On Equity | -0.44 | ||||
| Return On Asset | 0.0117 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 1.48 B | ||||
| Shares Outstanding | 33.26 M | ||||
| Shares Owned By Insiders | 26.59 % | ||||
| Shares Owned By Institutions | 68.00 % | ||||
| Number Of Shares Shorted | 2.78 M | ||||
| Price To Earning | 211.67 X | ||||
| Price To Book | 2.75 X | ||||
| Price To Sales | 0.14 X | ||||
| Revenue | 1.88 B | ||||
| Gross Profit | 419.6 M | ||||
| EBITDA | 187 M | ||||
| Net Income | 8.9 M | ||||
| Cash And Equivalents | 500 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 1.18 B | ||||
| Debt To Equity | 5.38 % | ||||
| Current Ratio | 1.06 X | ||||
| Book Value Per Share | 2.89 X | ||||
| Cash Flow From Operations | 63.8 M | ||||
| Short Ratio | 12.54 X | ||||
| Earnings Per Share | (1.71) X | ||||
| Target Price | 12.86 | ||||
| Number Of Employees | 3 K | ||||
| Beta | 1.67 | ||||
| Market Capitalization | 263.06 M | ||||
| Total Asset | 1.57 B | ||||
| Retained Earnings | (76.4 M) | ||||
| Working Capital | 202.9 M | ||||
| Current Asset | 44.43 K | ||||
| Current Liabilities | 273.94 K | ||||
| Annual Yield | 0.03 % | ||||
| Net Asset | 1.57 B | ||||
| Last Dividend Paid | 0.23 |
About Alta Equipment Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alta Equipment Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alta Equipment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alta Equipment Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether Alta Equipment Group is a strong investment it is important to analyze Alta Equipment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alta Equipment's future performance. For an informed investment choice regarding Alta Stock, refer to the following important reports:Check out Alta Equipment Piotroski F Score and Alta Equipment Altman Z Score analysis. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alta Equipment. If investors know Alta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alta Equipment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.454 | Dividend Share 0.228 | Earnings Share (1.71) | Revenue Per Share 57.408 | Quarterly Revenue Growth (0.04) |
The market value of Alta Equipment Group is measured differently than its book value, which is the value of Alta that is recorded on the company's balance sheet. Investors also form their own opinion of Alta Equipment's value that differs from its market value or its book value, called intrinsic value, which is Alta Equipment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alta Equipment's market value can be influenced by many factors that don't directly affect Alta Equipment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alta Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alta Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alta Equipment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.