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Alta Equipment Group Inc   (ALTG)
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Alta Equipment Group Inc 's Leverage Ratio

ALTG's quarterly Leverage Ratio and Total Liabilities, Equity growth


Despite a net increase in borrowings by 3.42%, Alta Equipment Group Inc managed to enhance Leverage Ratio in the third quarter 2023 to 9.04, falling below the company's typical Leverage Ratio.

Within Broadcasting Media & Cable TV industry in the third quarter 2023, 31 other companies have achieved lower Leverage Ratio than Alta Equipment Group Inc in the III Quarter 2023. While Leverage Ratio total ranking has deteriorated compared to the second quarter 2023 from 3160 to 3468 .

Explain Leverage Ratio?
Who are ALTG Customers?
What are ALTG´s Total Liabilities?


ALTG Leverage Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Equity Change 4.83 % 1.58 % 3.83 % 3.79 % 3.53 %
Y / Y Total Liabilities Change 33.04 % 38.3 % 38 % 35.72 % 55.6 %
Leverage Ratio MRQ 9.04 9.11 8.97 8.23 7.12
ALTG's Total Ranking # 3468 # 3160 # 2982 # 3526 # 3457
Seq. Equity Change 4.31 % 2.39 % -1.22 % -0.64 % 1.08 %
Seq. Total Liabilities Change 3.42 % 4.04 % 7.64 % 14.86 % 7.51 %



Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Broadcasting Media & Cable TV Industry # 32
Services Sector # 439
Overall Market # 3468


Leverage Ratio Statistics
High Average Low
28.37 9.89 3.69
(Dec 31 2019)   (Dec 31 2020)




Financial Statements
Alta Equipment Group Inc 's Equity $ 148 Millions Visit ALTG's Balance sheet
Alta Equipment Group Inc 's Total Liabilities $ 1,333 Millions Visit ALTG's Balance sheet
Source of ALTG's Sales Visit ALTG's Sales by Geography


Cumulative Alta Equipment Group Inc 's Leverage Ratio

ALTG's Leverage Ratio for the trailling 12 Months

ALTG Leverage Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Equity TTM Growth 4.83 % 1.58 % 3.83 % 3.79 % 3.53 %
Y / Y Total Liabilities TTM Growth 33.04 % 38.3 % 38 % 35.72 % 55.6 %
Leverage Ratio TTM 8.84 8.36 7.75 7.2 6.72
Total Ranking TTM # 143 # 199 # 3433 # 211 # 3239
Seq. Equity TTM Growth 4.31 % 2.39 % -1.22 % -0.64 % 1.08 %
Seq. Total Liabilities TTM Growth 3.42 % 4.04 % 7.64 % 14.86 % 7.51 %


On the trailing twelve months basis Due to the net new borrowings of 3.42% during the trailing twelve months finishing in the III Quarter 2023, cumulativeLeverage Ratio improved to 8.84, above the Alta Equipment Group Inc 's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Broadcasting Media & Cable TV industry ALTG recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 143, from total ranking in previous 12 month period at 199.

Explain Leverage Ratio?
Who are ALTG Customers?
What are ALTG´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Broadcasting Media & Cable TV Industry # 0
Services Sector # 6
Within the Market # 143


trailing twelve months Leverage Ratio Statistics
High Average Low
28.32 7.32 4.28
(Dec 31 2019)   (Sep 30 2021)




Companies with similar Leverage Ratio in the quarter ending Sep 30 2023, within Broadcasting Media & Cable TV Industry Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 30 2023 MRQ Equity
Audacy Inc   21.03 $ 2,662.320  Millions$ 126.623  Millions
Sinclair inc   9.31 $ 5,437.000  Millions$ 584.000  Millions
Alta Equipment Group Inc   9.04 $ 1,332.900  Millions$ 147.500  Millions
Charter Communications Inc   7.60 $ 112,071.000  Millions$ 14,744.000  Millions
Rogers Communications Inc   5.64 $ 45,072.972  Millions$ 7,997.040  Millions
Liberty Latin America Ltd   4.71 $ 11,440.900  Millions$ 2,428.700  Millions
Gray Television Inc  4.36 $ 8,733.000  Millions$ 2,002.000  Millions
Nexstar Media Group Inc   4.14 $ 9,715.000  Millions$ 2,346.000  Millions
Wideopenwest Inc   4.09 $ 1,222.900  Millions$ 299.000  Millions
Amc Networks Inc   3.98 $ 4,308.498  Millions$ 1,082.287  Millions
Urban One inc   3.28 $ 913.343  Millions$ 278.707  Millions
Beasley Broadcast Group Inc   3.11 $ 443.590  Millions$ 142.448  Millions
Cumulus Media Inc   2.97 $ 1,137.625  Millions$ 383.467  Millions
Entravision Communications Corporation  2.64 $ 630.269  Millions$ 238.716  Millions
Mrc Global Inc   2.61 $ 1,207.000  Millions$ 463.000  Millions
Salem Media Group Inc   2.57 $ 339.148  Millions$ 132.152  Millions
The E w Scripps Company  2.37 $ 3,351.621  Millions$ 1,416.675  Millions
Cable One Inc   2.28 $ 4,107.438  Millions$ 1,802.733  Millions
Adeia Inc   2.27 $ 780.246  Millions$ 343.825  Millions
Dish Network Corporation  1.91 $ 34,935.493  Millions$ 18,282.171  Millions

Date modified: 2023-11-10T00:42:34+00:00



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