Alta Free Cash Flow vs Cash Ratio Analysis

ALTG Stock

USD 7.91 0.40 5.33%

Alta Equipment financial indicator trend analysis is way more than just evaluating Alta Equipment Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alta Equipment Group is a good investment. Please check the relationship between Alta Equipment Free Cash Flow and its Cash Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alta Equipment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Free Cash Flow vs Cash Ratio

Free Cash Flow vs Cash Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alta Equipment Group Free Cash Flow account and Cash Ratio. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Alta Equipment's Free Cash Flow and Cash Ratio is 0.89. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Cash Ratio in the same time period over historical financial statements of Alta Equipment Group, assuming nothing else is changed. The correlation between historical values of Alta Equipment's Free Cash Flow and Cash Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Alta Equipment Group are associated (or correlated) with its Cash Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Ratio has no effect on the direction of Free Cash Flow i.e., Alta Equipment's Free Cash Flow and Cash Ratio go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Cash Ratio

Most indicators from Alta Equipment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alta Equipment Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alta Equipment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

The Alta Equipment's current Tax Provision is estimated to increase to about (6.1 M). The current Selling General Administrative is estimated to decrease to about 225 M

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	95.8M	112M	132.6M	102.4M
Interest Income	24M	31.8M	36.6M	22.5M

Depreciation And Amortization Interest Income

Alta Equipment fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Common Stock Total Equity	Common Stock Shares Outstanding	Total Liab	Common Stock	Other Liab	Net Tangible Assets	Accounts Payable	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Current Assets	Other Stockholder Equity	Net Invested Capital	Short Long Term Debt	Total Current Assets	Net Working Capital	Short Term Debt	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total
Other Current Liab		0.84	0.76	-0.93	0.77	0.91	0.84	-0.18	0.62	0.72	0.89	0.08	0.78	0.91	0.81	0.83	0.96	0.92	0.83	0.8	0.78	0.62	0.69	0.86	0.72	0.88
Total Current Liabilities	0.84		0.79	-0.97	0.88	0.87	0.98	-0.2	0.66	0.96	0.87	-0.14	0.93	0.91	0.96	0.89	0.85	0.93	0.99	0.99	0.96	0.78	0.83	0.98	0.89	0.91
Total Stockholder Equity	0.76	0.79		-0.82	0.97	0.62	0.75	0.34	0.9	0.66	0.67	0.2	0.68	0.87	0.72	0.79	0.79	0.86	0.8	0.8	0.65	0.49	0.96	0.76	0.61	0.89
Retained Earnings	-0.93	-0.97	-0.82		-0.87	-0.92	-0.96	0.2	-0.66	-0.9	-0.91	0.04	-0.9	-0.95	-0.93	-0.89	-0.93	-0.97	-0.96	-0.96	-0.92	-0.73	-0.8	-0.96	-0.84	-0.93
Common Stock Total Equity	0.77	0.88	0.97	-0.87		0.65	0.85	0.28	0.89	0.75	0.69	0.07	0.8	0.89	0.83	0.81	0.79	0.85	0.89	0.87	0.77	0.63	0.95	0.86	0.74	0.91
Common Stock Shares Outstanding	0.91	0.87	0.62	-0.92	0.65		0.86	-0.49	0.43	0.85	0.94	-0.06	0.79	0.86	0.82	0.84	0.89	0.93	0.84	0.85	0.84	0.64	0.62	0.86	0.74	0.81
Total Liab	0.84	0.98	0.75	-0.96	0.85	0.86		-0.2	0.68	0.96	0.87	-0.28	0.98	0.93	0.99	0.91	0.8	0.89	0.99	0.96	0.98	0.87	0.79	1.0	0.95	0.93
Common Stock	-0.18	-0.2	0.34	0.2	0.28	-0.49	-0.2		0.54	-0.34	-0.37	0.22	-0.15	-0.03	-0.16	-0.09	-0.2	-0.19	-0.12	-0.2	-0.3	-0.15	0.28	-0.17	-0.17	0.05
Other Liab	0.62	0.66	0.9	-0.66	0.89	0.43	0.68	0.54		0.55	0.53	-0.09	0.69	0.82	0.7	0.78	0.54	0.66	0.72	0.63	0.58	0.62	0.91	0.7	0.66	0.86
Net Tangible Assets	0.72	0.96	0.66	-0.9	0.75	0.85	0.96	-0.34	0.55		0.86	-0.34	0.92	0.85	0.94	0.88	0.71	0.86	0.95	0.95	0.97	0.83	0.75	0.94	0.91	0.85
Accounts Payable	0.89	0.87	0.67	-0.91	0.69	0.94	0.87	-0.37	0.53	0.86		-0.17	0.81	0.89	0.84	0.89	0.85	0.92	0.85	0.85	0.88	0.7	0.7	0.87	0.78	0.87
Other Assets	0.08	-0.14	0.2	0.04	0.07	-0.06	-0.28	0.22	-0.09	-0.34	-0.17		-0.44	-0.14	-0.37	-0.29	0.27	0.09	-0.22	-0.1	-0.38	-0.68	0.0	-0.27	-0.54	-0.16
Long Term Debt	0.78	0.93	0.68	-0.9	0.8	0.79	0.98	-0.15	0.69	0.92	0.81	-0.44		0.9	1.0	0.9	0.7	0.79	0.97	0.9	0.97	0.95	0.75	0.98	0.99	0.91
Net Receivables	0.91	0.91	0.87	-0.95	0.89	0.86	0.93	-0.03	0.82	0.85	0.89	-0.14	0.9		0.92	0.97	0.85	0.94	0.93	0.88	0.87	0.78	0.88	0.94	0.86	0.99
Good Will	0.81	0.96	0.72	-0.93	0.83	0.82	0.99	-0.16	0.7	0.94	0.84	-0.37	1.0	0.92		0.91	0.75	0.85	0.98	0.93	0.97	0.92	0.78	0.99	0.98	0.93
Inventory	0.83	0.89	0.79	-0.89	0.81	0.84	0.91	-0.09	0.78	0.88	0.89	-0.29	0.9	0.97	0.91		0.74	0.89	0.91	0.87	0.88	0.82	0.87	0.91	0.88	0.97
Other Current Assets	0.96	0.85	0.79	-0.93	0.79	0.89	0.8	-0.2	0.54	0.71	0.85	0.27	0.7	0.85	0.75	0.74		0.94	0.81	0.83	0.74	0.48	0.69	0.82	0.62	0.82
Other Stockholder Equity	0.92	0.93	0.86	-0.97	0.85	0.93	0.89	-0.19	0.66	0.86	0.92	0.09	0.79	0.94	0.85	0.89	0.94		0.9	0.92	0.84	0.6	0.84	0.89	0.73	0.91
Net Invested Capital	0.83	0.99	0.8	-0.96	0.89	0.84	0.99	-0.12	0.72	0.95	0.85	-0.22	0.97	0.93	0.98	0.91	0.81	0.9		0.98	0.97	0.84	0.84	0.99	0.93	0.94
Short Long Term Debt	0.8	0.99	0.8	-0.96	0.87	0.85	0.96	-0.2	0.63	0.95	0.85	-0.1	0.9	0.88	0.93	0.87	0.83	0.92	0.98		0.94	0.73	0.83	0.95	0.85	0.89
Total Current Assets	0.78	0.96	0.65	-0.92	0.77	0.84	0.98	-0.3	0.58	0.97	0.88	-0.38	0.97	0.87	0.97	0.88	0.74	0.84	0.97	0.94		0.89	0.73	0.97	0.95	0.87
Net Working Capital	0.62	0.78	0.49	-0.73	0.63	0.64	0.87	-0.15	0.62	0.83	0.7	-0.68	0.95	0.78	0.92	0.82	0.48	0.6	0.84	0.73	0.89		0.59	0.88	0.98	0.79
Short Term Debt	0.69	0.83	0.96	-0.8	0.95	0.62	0.79	0.28	0.91	0.75	0.7	0.0	0.75	0.88	0.78	0.87	0.69	0.84	0.84	0.83	0.73	0.59		0.8	0.7	0.92
Intangible Assets	0.86	0.98	0.76	-0.96	0.86	0.86	1.0	-0.17	0.7	0.94	0.87	-0.27	0.98	0.94	0.99	0.91	0.82	0.89	0.99	0.95	0.97	0.88	0.8		0.95	0.94
Property Plant Equipment	0.72	0.89	0.61	-0.84	0.74	0.74	0.95	-0.17	0.66	0.91	0.78	-0.54	0.99	0.86	0.98	0.88	0.62	0.73	0.93	0.85	0.95	0.98	0.7	0.95		0.87
Short Long Term Debt Total	0.88	0.91	0.89	-0.93	0.91	0.81	0.93	0.05	0.86	0.85	0.87	-0.16	0.91	0.99	0.93	0.97	0.82	0.91	0.94	0.89	0.87	0.79	0.92	0.94	0.87

Click cells to compare fundamentals

Alta Equipment Account Relationship Matchups

Alta Equipment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	408.6K	42.3M	141.6M	103M	101M	53.4M
Total Current Liabilities	2.0M	434.3M	420.6M	471.2M	635.1M	666.9M
Total Stockholder Equity	144.9M	156.9M	134.7M	139.8M	149.7M	99.8M
Retained Earnings	(127.0)	(53.4M)	(76.8M)	(74.2M)	(76.4M)	(72.6M)
Common Stock Shares Outstanding	7.3M	26.6M	31.7M	32.3M	32.9M	25.2M
Total Liab	2.0M	589.3M	847.9M	1.2B	1.4B	1.5B
Total Assets	146.8M	746.2M	982.6M	1.3B	1.6B	1.6B
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	1.6M	58.9M	73.5M	90.8M	97M	54.8M
Cash	654.5K	1.2M	2.3M	2.7M	31M	32.6M
Non Current Assets Total	146.0M	364.6M	534M	627.3M	732.9M	377.9M
Non Currrent Assets Other	(62.1M)	2.1M	1.6M	(52.2M)	14.2M	14.9M
Other Assets	187.1M	296M	313.2M	6M	6.9M	6.6M
Long Term Debt	86.5M	135M	310M	528.7M	628.2M	659.6M
Cash And Short Term Investments	654.5K	1.2M	2.3M	2.7M	31M	32.6M
Net Receivables	101.2M	137.8M	182.7M	232.8M	249.3M	160.7M
Good Will	8.6M	24.3M	41.9M	69.2M	76.7M	80.5M
Liabilities And Stockholders Equity	146.8M	746.2M	982.6M	1.3B	1.6B	1.6B
Non Current Liabilities Total	1.7M	155M	427.3M	679.6M	786.1M	825.4M
Capital Surpluse	5.0M	216.2M	217.4M	222.8M	256.2M	269.0M
Inventory	137.2M	229M	239.2M	399.7M	530.7M	271.8M
Other Current Assets	178.0K	27.2M	48.8M	28.1M	27M	20.8M
Other Stockholder Equity	5.0M	210.3M	211.5M	216.9M	227.9M	137.0M
Net Invested Capital	144.9M	614.8M	700.5M	929.5M	1.2B	1.2B
Short Long Term Debt	7.1M	322.9M	255.8M	261M	405M	425.3M
Total Current Assets	832.5K	381.6M	448.6M	663.3M	838M	879.9M
Net Working Capital	(1.1M)	(52.7M)	28M	192.1M	202.9M	213.0M
Short Term Debt	279.8M	323.8M	173.6M	277.4M	420.9M	232.9M
Intangible Assets	3M	26.3M	43.4M	60.7M	66.3M	69.6M
Property Plant Equipment	11.4M	18M	135.5M	377.8M	434.5M	456.2M
Short Long Term Debt Total	381.1M	461M	679.4M	921.8M	1.2B	664.7M
Net Debt	380.4M	459.8M	677.1M	919.1M	1.2B	657.8M

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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:

How To Invest In Alta

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Is Alta Stock a good investment?

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What is Alta Equipment's Net Worth?

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Largest Trading Companies & Distributors Companies

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Largest Rental & Leasing Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alta Equipment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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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.

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Alta Free Cash Flow vs Cash Ratio Analysis

Free Cash Flow vs Cash Ratio

Free Cash Flow vs Cash Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow

Cash Ratio

Alta Equipment fundamental ratios Correlations

Alta Equipment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alta Equipment fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Intangible Assets	+ 1.0	Total Liab
Good Will	+ 1.0	Long Term Debt
Net Invested Capital	+ 0.99	Total Current Liabilities
Short Long Term Debt	+ 0.99	Total Current Liabilities
Good Will	+ 0.99	Total Liab
Net Invested Capital	+ 0.99	Total Liab

Other Stockholder Equity	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Total Current Liabilities
Intangible Assets	- 0.96	Retained Earnings
Short Long Term Debt	- 0.96	Retained Earnings
Net Invested Capital	- 0.96	Retained Earnings
Total Liab	- 0.96	Retained Earnings