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Alta Equipment Group Inc   (ALTG)
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Cumulative Alta Equipment Group Inc 's Interest Coverage ratios

ALTG's Interest expense and Ebitda growth



ALTG Interest Coverage (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 Interest expense Change 78.82 % 101.47 % 96.72 % 62.5 % 41.67 %
Y / Y Ebitda Change 9.66 % 22.46 % 157.69 % 12.63 % 116.42 %
Interest Coverage (TTM) 1.11 1.24 1.39 1.39 1.55
Total Ranking # 2065 # 2067 # 1904 # 2054 # 2065
Seq. Interest expense Change 10.95 % 14.17 % 15.38 % 22.35 % 25 %
Seq. Ebitda Change -5.92 % 26.12 % 25.23 % -26.21 % 5.07 %




Interest Coverage in the third quarter 2023 Comment
Alta Equipment Group Inc 's interest coverage ratio sequentially decreased to 1.11 but remained above company average. Due to decrease of ebitda in the Q3 2023 by -5.92%.

Within Services sector 277 other companies have achieved higher interest coverage ratio during the Q3 2023. While Interest coverage ratio total ranking has improved in the third quarter 2023 to 2065, from total ranking in the second quarter 2023 at 2067.

What is Interest Coverage Ratio?
Source of Alta Equipment Group Inc sales

Interest Coverage Company Ranking
Within: No.
Industry # 23
Sector # 278
S&P 500 # 2065


Interest Coverage Statistics
High Average Low
1.55
0.38
-1.96
(Sep 30 2022)   (Mar 31 2020)





Financial Statements
Alta Equipment Group Inc 's Interest expense $ 15 Millions Visit ALTG's Income Statement
Alta Equipment Group Inc 's Ebitda $ 16 Millions Visit ALTG's Income Statement
Where are ALTG's Sales coming from? Visit ALTG's Sales by Geography




Companies with similar Average Interest Coverage ratios for 12 months ending Sep 30 2023, within Services Sector Interest Coverage Ratio EBITDA 12 months ending Sep 30 2023Interest net 12 months ending Sep 30 2023
Charter Communications Inc   2.09 $ 10,640.000  Millions$ 5,096.000  Millions
Paysign Inc   1.37 $ 3.077  Millions$ 2.241  Millions
Reservoir Media inc   0.79 $ 13.434  Millions$ 16.974  Millions
Janel Corp  0.61 $ 1.222  Millions$ 1.998  Millions
Portillos Inc   0.52 $ 15.232  Millions$ 29.014  Millions
Marriott Vacations Worldwide Corp  0.44 $ 58.000  Millions$ 133.000  Millions
Cimpress Plc  0.36 $ 42.086  Millions$ 117.187  Millions

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



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