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Alta Equipment Group Inc   (ALTG)
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Alta Equipment Group Inc 's Long Term Debt to Equity

ALTG's quarterly Long Term Debt to Equity and Long Term Debt, Equity growth


Despite a net increase in long-term borrowings by 0.13%, Alta Equipment Group Inc managed to enhance Long Term Debt to Equity in the third quarter 2023 to 2.12, surpassing the average for Alta Equipment Group Inc 's Long Term Debt to Equity.

Within Broadcasting Media & Cable TV industry in the third quarter 2023, 16 other companies have achieved lower Long Term Debt to Equity than Alta Equipment Group Inc in the III Quarter 2023. While Long Term Debt to Equity total ranking has improved so far in the third quarter 2023 to 1520, from total ranking in the second quarter 2023 at 2381 .

Explain Long Term Debt to Equity Ratio?
How much Long Term Debt ALTG“s has?
What is the structure of ALTG“s Equity?


ALTG Long Term Debt to Equity (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 Long Term Debt Change 0.39 % 0.39 % 0.35 % 0.39 % 0.29 %
Long Term Debt to Equity MRQ 2.12 2.2 2.25 2.23 2.21
ALTG's Total Ranking # 1520 # 2381 # 1952 # 2023 # 2403
Seq. Equity Change 4.31 % 2.39 % -1.22 % -0.64 % 1.08 %
Seq. Long Term Debt Change 0.13 % 0.1 % 0.03 % 0.13 % 0.13 %



Long Term Debt to Equity third quarter 2023 Company Ranking
Within: No.
Broadcasting Media & Cable TV Industry # 17
Services Sector # 179
Overall Market # 1520


Long Term Debt to Equity Statistics
High Average Low
2.33 1.85 0.86
(Mar 31 2022)   (Dec 31 2020)




Financial Statements
Alta Equipment Group Inc 's Equity $ 148 Millions Visit ALTG's Balance sheet
Alta Equipment Group Inc 's Long Term Debt $ 312 Millions Visit ALTG's Balance sheet
Source of ALTG's Sales Visit ALTG's Sales by Geography


Cumulative Alta Equipment Group Inc 's Long Term Debt to Equity

ALTG's Long Term Debt to Equity for the trailling 12 Months

ALTG Long Term Debt to Equity

(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 Long Term Debt TTM Growth 0.39 % 0.39 % 0.35 % 0.39 % 0.29 %
Long Term Debt to Equity TTM 2.2 2.22 2.23 2.25 2.27
Total Ranking TTM # 216 # 196 # 198 # 214 # 188
Seq. Equity TTM Growth 4.31 % 2.39 % -1.22 % -0.64 % 1.08 %
Seq. Long Term Debt TTM Growth 0.13 % 0.1 % 0.03 % 0.13 % 0.13 %


On the trailing twelve months basis Despite of the net new long-term borrowings of 0.13% during the twelve months period ending in III Quarter 2023 Alta Equipment Group Inc has managed to decrease Long Term Debt to Equity in the III Quarter 2023 to 2.2, above the ALTG's average Long Term Debt to Equity.
Long Term Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Broadcasting Media & Cable TV industry ALTG recorded the lowest Long Term Debt to Equity. While Long Term Debt to Equity total ranking has deteriorated during the twelve months ending in the III Quarter 2023, compared to the prior period, from 196 to 216.

Explain Long Term Debt to Equity Ratio?
How much Long Term Debt ALTG“s has?
What is the structure of ALTG“s Equity?

TTM Long Term Debt to Equity Company Ranking
Within: No.
Within the Broadcasting Media & Cable TV Industry # 0
Services Sector # 24
Within the Market # 216


trailing twelve months Long Term Debt to Equity Statistics
High Average Low
2.3 1.72 0.98
(Mar 31 2022)   (Mar 31 2020)




Companies with similar Long Term Debt to Equity in the quarter ending Sep 30 2023, within Broadcasting Media & Cable TV Industry Long Term Debt to EquitySep 30 2023 MRQ Long Term DebtSep 30 2023 MRQ Equity
Gray Television Inc  3.08 $ 6,171.000  Millions$ 2,002.000  Millions
Liberty Latin America Ltd   3.03 $ 7,356.600  Millions$ 2,428.700  Millions
Wideopenwest Inc   2.92 $ 871.900  Millions$ 299.000  Millions
Nexstar Media Group Inc   2.87 $ 6,742.000  Millions$ 2,346.000  Millions
Urban One inc   2.57 $ 715.636  Millions$ 278.707  Millions
Amc Networks Inc   2.16 $ 2,334.216  Millions$ 1,082.287  Millions
Alta Equipment Group Inc   2.12 $ 312.000  Millions$ 147.500  Millions
The E w Scripps Company  2.05 $ 2,908.390  Millions$ 1,416.675  Millions
Cable One Inc   2.04 $ 3,679.618  Millions$ 1,802.733  Millions
Beasley Broadcast Group Inc   1.99 $ 283.612  Millions$ 142.448  Millions
Cumulus Media Inc   1.75 $ 672.102  Millions$ 383.467  Millions
Adeia Inc   1.68 $ 576.781  Millions$ 343.825  Millions
Salem Media Group Inc   1.15 $ 152.611  Millions$ 132.152  Millions
Comcast corporation  1.13 $ 94,351.000  Millions$ 83,163.000  Millions
Dxp Enterprises Inc   1.12 $ 408.105  Millions$ 363.576  Millions
Tegna Inc   1.04 $ 3,071.899  Millions$ 2,960.540  Millions
Warner Bros Discovery Inc   0.95 $ 43,498.000  Millions$ 45,861.000  Millions
Entravision Communications Corporation  0.84 $ 201.301  Millions$ 238.716  Millions
Liberty Media Corporation  0.77 $ 14,836.000  Millions$ 19,239.000  Millions
Liberty Global Ltd   0.70 $ 14,558.300  Millions$ 20,847.600  Millions
Paramount Global  0.70 $ 15,627.000  Millions$ 22,378.000  Millions
Mrc Global Inc   0.65 $ 300.000  Millions$ 463.000  Millions
Netflix Inc   0.63 $ 13,900.754  Millions$ 22,107.627  Millions
Fox Corporation  0.57 $ 5,962.000  Millions$ 10,451.000  Millions
Liberty Broadband Corporation  0.43 $ 3,860.000  Millions$ 8,997.000  Millions

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



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