Alta Equipment Group Inc (ALTG)
7.51
+0.06
(+0.81%)
USD |
NYSE |
Nov 21, 16:00
7.52
+0.01
(+0.13%)
Pre-Market: 20:00
Alta Equipment Group Debt to Equity Ratio: 11.31 for Sept. 30, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| September 30, 2024 | 11.31 |
| June 30, 2024 | 8.780 |
| March 31, 2024 | 7.662 |
| 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 |
| Date | Value |
|---|---|
| March 31, 2022 | 4.615 |
| 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
11.31
Maximum
Sep 2024
5.405
Average
4.615
Median
Mar 2022
Debt to Equity Ratio Benchmarks
| United Rentals Inc | 1.561 |
| Herc Holdings Inc | 2.829 |
| H&E Equipment Services Inc | 2.546 |
| McGrath RentCorp | 0.5562 |
| Willis Lease Finance Corp | 3.844 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 1.549B |
| Total Liabilities (Quarterly) | 1.453B |
| Shareholders Equity (Quarterly) | 95.70M |
| Current Ratio | 1.350 |
| Net Debt Paydown Yield | -11.35% |