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

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


Despite a net increase in borrowings by 3.42%, Alta Equipment Group Inc managed to enhance Tangible Leverage Ratio in the third quarter 2023 to 60.31, surpassing the average for Alta Equipment Group Inc 's Tangible Leverage Ratio.

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

Explain Tangible Leverage Ratio?
What is ALTG Market Share?
What are ALTG´s Total Liabilities?


ALTG Tangible 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 Tangible Equity Change -59 % -73.13 % -80.84 % -79.96 % -36.21 %
Y / Y Total Liabilities Change 33.04 % 38.3 % 38 % 35.72 % 55.6 %
Tangible Leverage Ratio MRQ 60.31 87.67 136.12 116.24 18.59
ALTG's Total Ranking # 3468 # 3160 # 2982 # 3526 # 3457
Seq. Tangible Equity Change 50.34 % 61.54 % -8.08 % -81.63 % -1.46 %
Seq. Total Liabilities Change 3.42 % 4.04 % 7.64 % 14.86 % 7.51 %



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


Tangible 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 Tangible Equity $ 22 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 Tangible Leverage Ratio

ALTG's Tangible Leverage Ratio for the trailling 12 Months

ALTG Tangible 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 Tangible Equity TTM Growth -59 % -73.13 % -80.84 % -79.96 % -36.21 %
Y / Y Total Liabilities TTM Growth 33.04 % 38.3 % 38 % 35.72 % 55.6 %
Tangible Leverage Ratio TTM 89.81 53.43 33.88 23.99 17.9
Total Ranking TTM # 143 # 199 # 3433 # 211 # 3239
Seq. Tangible Equity TTM Growth 50.34 % 61.54 % -8.08 % -81.63 % -1.46 %
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, cumulativeTangible Leverage Ratio improved to 89.81, above the Alta Equipment Group Inc 's average Tangible Leverage Ratio.
Tangible 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 Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 143, from total ranking in previous 12 month period at 199.

Explain Tangible Leverage Ratio?
What is ALTG Market Share?
What are ALTG´s Total Liabilities?

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


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




Companies with similar Tangible Leverage Ratio in the quarter ending Sep 30 2023, within Broadcasting Media & Cable TV Industry Tangible Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 30 2023 MRQ Tangible Equity
Alta Equipment Group Inc   60.31 $ 1,332.900  Millions$ 22.100  Millions
Mrc Global Inc   38.94 $ 1,207.000  Millions$ 31.000  Millions
Amc Networks Inc   30.47 $ 4,308.498  Millions$ 141.381  Millions
The Marquie Group Inc   27.88 $ 6.013  Millions$ 0.216  Millions
Wideopenwest Inc   16.80 $ 1,222.900  Millions$ 72.800  Millions

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



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