Alta Equipment Group Inc (ALTG)
11.56
+0.36
(+3.26%)
USD |
NYSE |
May 02, 16:00
11.56
0.00 (0.00%)
After-Hours: 20:00
Alta Equipment Group Debt to Equity Ratio: 6.902 for Dec. 31, 2023
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| December 31, 2023 | 6.902 |
| September 30, 2023 | 6.689 |
| June 30, 2023 | 6.757 |
| March 31, 2023 | 6.421 |
| December 31, 2022 | 5.649 |
| September 30, 2022 | 4.839 |
| June 30, 2022 | 4.567 |
| March 31, 2022 | 4.615 |
| Date | Value |
|---|---|
| December 31, 2021 | 4.200 |
| September 30, 2021 | 3.717 |
| June 30, 2021 | 3.663 |
| March 31, 2021 | 3.07 |
| December 31, 2020 | 2.924 |
| September 30, 2020 | 3.820 |
| June 30, 2020 | 3.678 |
| March 31, 2020 | 3.428 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
2.924
Minimum
Dec 2020
6.902
Maximum
Dec 2023
4.684
Average
4.384
Median
Debt to Equity Ratio Benchmarks
| United Rentals Inc | 1.528 |
| H&E Equipment Services Inc | 2.72 |
| McGrath RentCorp | 0.8468 |
| Willis Lease Finance Corp | 4.107 |
| FTAI Aviation Ltd | 15.21 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 1.571B |
| Total Liabilities (Quarterly) | 1.421B |
| Shareholders Equity (Quarterly) | 149.70M |
| Current Ratio | 1.320 |
| Net Debt Paydown Yield | -17.60% |