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Debt-to-EBITDA measures a company's ability to pay off its debt.
Alta Equipment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $421 Mil. Alta Equipment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $759 Mil. Alta Equipment Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $205 Mil. Alta Equipment Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.76.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's
The historical rank and industry rank for Alta Equipment Group's Debt-to-EBITDA or its related term are showing as below:
During the past 7 years, the highest Debt-to-EBITDA Ratio of Alta Equipment Group was 6.74. The lowest was 5.97. And the median was 6.38.
The historical data trend for Alta Equipment Group's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Alta Equipment Group Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Debt-to-EBITDA | Get a 7-Day Free Trial | - | 6.74 | 6.62 | 5.97 | 6.14 |
Alta Equipment Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Debt-to-EBITDA | Get a 7-Day Free Trial | 5.61 | 6.19 | 5.51 | 5.58 | 5.76 |
For the Rental & Leasing Services subindustry, Alta Equipment Group's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Business Services industry and Industrials sector, Alta Equipment Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Alta Equipment Group's Debt-to-EBITDA falls into.
Debt-to-EBITDA measures a company's ability to pay off its debt.
Alta Equipment Group's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as
Debt-to-EBITDA | = | Total Debt | / | EBITDA | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | EBITDA | |
= | (420.9 | + | 758.9) | / | 192.1 | |
= | 6.14 |
Alta Equipment Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as
Debt-to-EBITDA | = | Total Debt | / | EBITDA | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | EBITDA | |
= | (420.9 | + | 758.9) | / | 204.8 | |
= | 5.76 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.
Alta Equipment Group (NYSE:ALTG) Debt-to-EBITDA Explanation
In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.
Be Aware
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's
Thank you for viewing the detailed overview of Alta Equipment Group's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.
Zachary E. Savas | director | 3250 W. BIG BEAVER ROAD, SUITE 544, TROY MI 48084 |
Ryan Greenawalt | director, 10 percent owner, officer: CEO, Chairman | C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150 |
Andrew P Studdert | director | PO BOX 66100 - WHQLD, CHICAGO IL 60666 |
Daniel Shribman | director | 299 PARK AVENUE, NEW YORK NY 10171 |
B. Riley Financial, Inc. | 10 percent owner | 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025 |
Brf Investments, Llc | 10 percent owner | 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025 |
Craig Brubaker | officer: Chief Operating Officer | C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN ROAD, LIVONIA MI 48150 |
Anthony Colucci | officer: Chief Financial Officer | C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150 |
Katherine E White | director | ONE MAIN STREET, EVANSVILLE IN 47708 |
B. Riley Principal Investments, Llc | 10 percent owner | 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025 |
James L Kempner | director | C/O LAZARD FRERES & CO. LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Bryant R Riley | director | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367 |
Brc Partners Management Gp, Llc | 10 percent owner | 11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025 |
B. Riley Capital Management, Llc | 10 percent owner | 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025 |
Brc Partners Opportunity Fund, Lp | 10 percent owner | 11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025 |
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