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Alta Equipment Group Inc   (ALTG)
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Alta Equipment Group Inc 's Working Capital Ratio

ALTG's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the third quarter 2023, Working Capital Ratio fell to 1.38 above Alta Equipment Group Inc average.

Within Broadcasting Media & Cable TV industry 21 other companies have achieved higher Working Capital Ratio than Alta Equipment Group Inc in third quarter 2023. While Working Capital Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 2111 to 2674.

Explain Working Capital Ratio
How much in Current Assets ALTG“s has?
What is the value of ALTG“s Current Liabilities?


ALTG Working Capital 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 Current Liabilities Change 37.24 % 6.85 % 11.71 % 12.03 % 27.95 %
Y / Y Current Assets Change 34.78 % 40.99 % 44.54 % 47.86 % 46.98 %
Working Capital Ratio MRQ 1.38 1.4 1.39 1.41 1.4
ALTG's Total Ranking # 2674 # 2111 # 2504 # 2206 # 3172
Seq. Current Liabilities Change 5.27 % 2.95 % 11.59 % 13.49 % -18.04 %
Seq. Current Assets Change 3.27 % 4.11 % 9.98 % 13.99 % 8.02 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Broadcasting Media & Cable TV Industry # 22
Services Sector # 256
Overall Market # 2674


Working Capital Ratio Statistics
High Average Low
5.45 1.33 0.09
(Jun 30 2019)   (Mar 31 2019)




Financial Statements
Alta Equipment Group Inc 's Current Liabilities $ 570 Millions Visit ALTG's Balance sheet
Alta Equipment Group Inc 's Current Assets $ 784 Millions Visit ALTG's Balance sheet
Source of ALTG's Sales Visit ALTG's Sales by Geography


Cumulative Alta Equipment Group Inc 's Working Capital Ratio

ALTG's Working Capital Ratio for the trailling 12 Months

ALTG Working Capital 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 Current Liabilities TTM Growth 37.24 % 6.85 % 11.71 % 12.03 % 27.95 %
Y / Y Current Assets TTM Growth 34.78 % 40.99 % 44.54 % 47.86 % 46.98 %
Working Capital Ratio TTM 1.39 1.4 1.31 1.23 1.14
Total Ranking TTM # 2522 # 4011 # 4099 # 4122 # 3067
Seq. Current Liabilities TTM Growth 5.27 % 2.95 % 11.59 % 13.49 % -18.04 %
Seq. Current Assets TTM Growth 3.27 % 4.11 % 9.98 % 13.99 % 8.02 %


On the trailing twelve months basis Due to rise in Current Liabilities in the III Quarter 2023 to $569.80 millions, cumulative Working Capital Ratio decreased to 1.39 above the ALTG average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Broadcasting Media & Cable TV industry 23 other companies have achieved higher Working Capital Ratio than Alta Equipment Group Inc . While Working Capital Ratio overall ranking has improved so far to 2522, from total ranking during the twelve months ending second quarter 2023 at 4011.

Explain Working Capital Ratio
How much in Current Assets ALTG“s has?
What is the value of ALTG“s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Broadcasting Media & Cable TV Industry # 24
Services Sector # 238
Within the Market # 2522


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.4 1.09 0.88
(Jun 30 2023)   (Mar 31 2021)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Broadcasting Media & Cable TV Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Urban One inc   3.73 $ 393.536  Millions$ 105.487  Millions
Tegna Inc   3.47 $ 1,242.396  Millions$ 357.636  Millions
Saga Communications inc  3.37 $ 61.244  Millions$ 18.157  Millions
Adeia Inc   2.68 $ 219.784  Millions$ 81.912  Millions
Roku Inc   2.68 $ 2,971.001  Millions$ 1,109.508  Millions
Mediaco Holding Inc   2.48 $ 17.277  Millions$ 6.959  Millions
Liberty Broadband Corporation  2.39 $ 430.000  Millions$ 180.000  Millions
Sinclair inc   2.33 $ 1,454.000  Millions$ 624.000  Millions
Dxp Enterprises Inc   2.33 $ 516.787  Millions$ 221.858  Millions
Beasley Broadcast Group Inc   2.28 $ 91.320  Millions$ 40.005  Millions
Mrc Global Inc   2.22 $ 1,225.000  Millions$ 552.000  Millions
Cumulus Media Inc   2.15 $ 288.713  Millions$ 134.395  Millions
Msc Industrial Direct Co Inc   2.10 $ 1,317.513  Millions$ 628.268  Millions
Cable One Inc   2.06 $ 394.380  Millions$ 190.989  Millions
Fox Corporation  2.02 $ 7,239.000  Millions$ 3,589.000  Millions
Global Industrial Company  1.87 $ 337.900  Millions$ 181.100  Millions
Iheartmedia Inc   1.82 $ 1,348.999  Millions$ 742.660  Millions
Townsquare Media Inc   1.77 $ 113.342  Millions$ 64.041  Millions
Liberty Global Ltd   1.67 $ 5,428.000  Millions$ 3,252.000  Millions
Nexstar Media Group Inc   1.57 $ 1,340.000  Millions$ 852.000  Millions
Entravision Communications Corporation  1.55 $ 385.254  Millions$ 249.060  Millions
The E w Scripps Company  1.54 $ 681.331  Millions$ 443.231  Millions
Amc Networks Inc   1.46 $ 1,901.105  Millions$ 1,300.167  Millions
Alta Equipment Group Inc   1.38 $ 784.300  Millions$ 569.800  Millions
Liberty Media Corporation  1.37 $ 3,625.000  Millions$ 2,652.000  Millions
Netflix Inc   1.29 $ 10,779.474  Millions$ 8,338.718  Millions
Spotify Technology S a   1.29 $ 5,891.200  Millions$ 4,580.800  Millions
Paramount Global  1.26 $ 12,711.000  Millions$ 10,050.000  Millions
Gray Television Inc  1.20 $ 495.000  Millions$ 414.000  Millions
Liberty Latin America Ltd   1.02 $ 1,970.600  Millions$ 1,930.000  Millions

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



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