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

ALTG's quarterly Total Debt to Equity and Total Debt, Equity growth


Despite a net increase in borrowings by 0.47%, Alta Equipment Group Inc managed to enhance Total Debt to Equity in the third quarter 2023 to 2.16, surpassing the average for Alta Equipment Group Inc 's Total Debt to Equity.

Within Broadcasting Media & Cable TV industry in the third quarter 2023, 22 other companies have achieved lower Total Debt to Equity than Alta Equipment Group Inc in the III Quarter 2023. While Total Debt to Equity total ranking has improved so far in the third quarter 2023 to 2570, from total ranking in the second quarter 2023 at 2573 .

Explain Debt to Equity Ratio?
What is the structure of ALTG“s Total Debt?
How valuable is the ALTG“s Equity?


ALTG Total 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 Total Debt Change 1.34 % 1.15 % 0.99 % 0.9 % 1.26 %
Total Debt to Equity MRQ 2.16 2.24 2.29 2.26 2.23
ALTG's Total Ranking # 2570 # 2573 # 2059 # 2187 # 2637
Seq. Equity Change 4.31 % 2.39 % -1.22 % -0.64 % 1.08 %
Seq. Total Debt Change 0.47 % 0.35 % 0.19 % 0.32 % 0.29 %



Total Debt to Equity third quarter 2023 Company Ranking
Within: No.
Broadcasting Media & Cable TV Industry # 23
Services Sector # 303
Overall Market # 2570


Total Debt to Equity Statistics
High Average Low
2.51 1.9 0.91
(Jun 30 2021)   (Dec 31 2020)




Financial Statements
Alta Equipment Group Inc 's Equity $ 148 Millions Visit ALTG's Balance sheet
Alta Equipment Group Inc 's Total Debt $ 319 Millions Visit ALTG's Balance sheet
Source of ALTG's Sales Visit ALTG's Sales by Geography


Cumulative Alta Equipment Group Inc 's Total Debt to Equity

ALTG's Total Debt to Equity for the trailling 12 Months

ALTG Total 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 Total Debt TTM Growth 1.34 % 1.15 % 0.99 % 0.9 % 1.26 %
Total Debt to Equity TTM 2.24 2.26 2.26 2.27 2.29
Total Ranking TTM # 207 # 201 # 2613 # 2903 # 573
Seq. Equity TTM Growth 4.31 % 2.39 % -1.22 % -0.64 % 1.08 %
Seq. Total Debt TTM Growth 0.47 % 0.35 % 0.19 % 0.32 % 0.29 %


On the trailing twelve months basis Despite of the net new borrowings of 0.47% during the twelve months period ending in III Quarter 2023 Alta Equipment Group Inc has managed to decrease Total Debt to Equity in the III Quarter 2023 to 2.24, above the ALTG's average Total Debt to Equity.
Total 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 Total Debt to Equity. While Total Debt to Equity total ranking has deteriorated during the twelve months ending in the III Quarter 2023, compared to the prior period, from 201 to 207.

Explain Debt to Equity Ratio?
What is the structure of ALTG“s Total Debt?
How valuable is the ALTG“s Equity?

TTM Total Debt to Equity Company Ranking
Within: No.
Within the Broadcasting Media & Cable TV Industry # 1
Services Sector # 28
Within the Market # 207


trailing twelve months Total Debt to Equity Statistics
High Average Low
2.37 1.77 1.03
(Mar 31 2022)   (Mar 31 2020)




Companies with similar Total Debt to Equity in the quarter ending Sep 30 2023, within Broadcasting Media & Cable TV Industry Total Debt to EquitySep 30 2023 MRQ Total DebtSep 30 2023 MRQ Equity
Rogers Communications Inc   4.08 $ 32,660.708  Millions$ 7,997.040  Millions
Liberty Latin America Ltd   3.26 $ 7,914.700  Millions$ 2,428.700  Millions
Gray Television Inc  3.09 $ 6,186.000  Millions$ 2,002.000  Millions
Wideopenwest Inc   2.97 $ 889.100  Millions$ 299.000  Millions
Nexstar Media Group Inc   2.93 $ 6,866.000  Millions$ 2,346.000  Millions
Amc Networks Inc   2.58 $ 2,793.279  Millions$ 1,082.287  Millions
Urban One inc   2.57 $ 715.636  Millions$ 278.707  Millions
Alta Equipment Group Inc   2.16 $ 318.600  Millions$ 147.500  Millions
The E w Scripps Company  2.06 $ 2,924.002  Millions$ 1,416.675  Millions
Cable One Inc   2.05 $ 3,698.637  Millions$ 1,802.733  Millions
Beasley Broadcast Group Inc   1.99 $ 283.612  Millions$ 142.448  Millions
Adeia Inc   1.79 $ 613.769  Millions$ 343.825  Millions
Cumulus Media Inc   1.75 $ 672.102  Millions$ 383.467  Millions
Salem Media Group Inc   1.31 $ 173.135  Millions$ 132.152  Millions
Comcast corporation  1.17 $ 97,329.000  Millions$ 83,163.000  Millions
Dxp Enterprises Inc   1.13 $ 412.474  Millions$ 363.576  Millions
Tegna Inc   1.04 $ 3,071.899  Millions$ 2,960.540  Millions
Warner Bros Discovery Inc   0.98 $ 44,800.000  Millions$ 45,861.000  Millions
Entravision Communications Corporation  0.88 $ 209.944  Millions$ 238.716  Millions
Liberty Media Corporation  0.81 $ 15,663.000  Millions$ 19,239.000  Millions
Liberty Global Ltd   0.73 $ 15,191.600  Millions$ 20,847.600  Millions
Paramount Global  0.70 $ 15,665.000  Millions$ 22,378.000  Millions
Fox Corporation  0.69 $ 7,212.000  Millions$ 10,451.000  Millions
Mrc Global Inc   0.65 $ 303.000  Millions$ 463.000  Millions
Netflix Inc   0.65 $ 14,300.368  Millions$ 22,107.627  Millions

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



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