Alta Equipment Group (Alta Equipment Group) Interest Expense : $-61 Mil (TTM As of Mar. 2024)

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What is Alta Equipment Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alta Equipment Group's interest expense for the three months ended in Mar. 2024 was $ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-61 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Alta Equipment Group's Operating Income for the three months ended in Mar. 2024 was $ -1 Mil. Alta Equipment Group's Interest Expense for the three months ended in Mar. 2024 was $ -16 Mil. Alta Equipment Group did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Alta Equipment Group Interest Expense Historical Data

The historical data trend for Alta Equipment Group's Interest Expense 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.

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Alta Equipment Group Interest Expense Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-23.80

-24.00

-31.80

-57.00

Alta Equipment Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-12.00	-13.70	-15.20	-16.10	-16.10

Alta Equipment Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-61 Mil.

Alta Equipment Group (NYSE:ALTG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Alta Equipment Group's Interest Expense for the three months ended in Mar. 2024 was $-16 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $774 Mil.

Alta Equipment Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Alta Equipment Group did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Alta Equipment Group Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Alta Equipment Group (Alta Equipment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (NYSE:ALTG) » Definitions » Interest Expense

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Traded in Other Exchanges

ALTGpA.PFD:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.

Executives

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