Alta Equipment Group Inc. (ALTG) Balance Sheet
ALTG balance sheet, 2025
December 31, 2025 · U.S. dollars$1.34B assets = $1.35B liabilities + −$8.8M equity
Liabilities exceed assets: shareholders’ equity is negative (−$8.8M).
Both columns are drawn to the same scale: what ALTG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ALTG financial health
Descriptive bands, not a rating. Fiscal 2025.
ALTG balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $263.5M2017 | $1.34B2025 | +22.5%/yr | |
| Total liabilities | $252.9M2017 | $1.35B2025 | +23.2%/yr | |
| Shareholders’ equity | $10.6M2017 | −$8.8M2025 | — | |
| Cash & short-term investments | $164,0002017 | $18.6M2025 | +80.6%/yr | |
| Total debt | $200.7M2017 | $1.17B2025 | +24.6%/yr | |
| Net cash (debt) | −$200.6M2017 | −$1.15B2025 | −$949.5M | |
| Working capital | −$51.4M2017 | $215.2M2025 | +$266.6M | |
| Book value per share | $0.582017 | −$0.272025 | — | |
| Current ratio | 0.732017 | 1.432025 | +0.70 | |
| Debt / equity | 18.952017 | 15.452024 | −3.50 | |
| Shares outstanding | 18.4M2017 | 32.7M2025 | +7.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ALTG assets
ALTG liabilities and equity
ALTG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ALTG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $18.6M | $13.4M | $31.0M | $2.7M | $2.3M | $1.2M | $654,488 | $49,658 | $164,000 |
| Cash & equivalents | $18.6M | $13.4M | $31.0M | $2.7M | $2.3M | $1.2M | $654,488 | $49,658 | $164,000 |
| Receivables | $186.7M | $199.7M | $249.3M | $232.8M | $182.7M | $137.8M | $101.2M | $65.9M | $52.9M |
| Inventory | $473.3M | $535.9M | $530.7M | $399.7M | $239.2M | $229.0M | $137.2M | $109.7M | $84.2M |
| Other current assets | $31.6M | $25.5M | $27.0M | $28.1M | $24.4M | $13.6M | $0 | $0 | $4.0M |
| Total current assets | $710.2M | $774.5M | $838.0M | $663.3M | $448.6M | $381.6M | $832,525 | $49,658 | $141.3M |
| Property, plant & equipment (net) | $196.6M | $553.4M | $575.7M | $491.4M | $447.1M | $311.9M | $196.5M | $10.6M | $9.5M |
| Goodwill & intangible assets | $125.8M | $132.2M | $143.0M | $129.9M | $85.3M | $50.6M | $11.6M | $7.7M | $5.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $303.7M | $20.3M | $14.2M | $6.0M | $1.6M | $2.1M | $0 | $0 | $107.6M |
| Total assets | $1.34B | $1.48B | $1.57B | $1.29B | $982.6M | $746.2M | $146.8M | $212,158 | $263.5M |
| Liabilities | |||||||||
| Accounts payable | $77.7M | $91.5M | $97.0M | $90.8M | $73.5M | $58.9M | $1.6M | $162,500 | $26.9M |
| Short-term debt | $341.9M | $400.1M | $420.9M | $275.8M | $173.6M | $323.8M | $279.8M | $50,000 | $144.8M |
| Deferred revenue | $13.7M | $27.8M | $16.2M | $42.0M | $31.9M | $9.3M | −$279.8M | — | −$171.1M |
| Total current liabilities | $495.0M | $577.2M | $635.1M | $471.2M | $322.2M | $434.3M | $2.0M | $220,779 | $192.7M |
| Long-term debt | $724.0M | $695.3M | $659.3M | $528.7M | $319.0M | $135.6M | $0 | $0 | $0 |
| Lease obligations | $143.3M | $154.1M | $146.6M | $132.1M | $113.6M | $3.1M | — | — | — |
| Other long-term liabilities | $126.1M | $130.3M | $126.8M | $150.9M | $206.7M | $19.4M | $134.0M | $79.2M | $60.1M |
| Total liabilities | $1.35B | $1.40B | $1.42B | $1.15B | $847.9M | $589.3M | $2.0M | $220,779 | $252.9M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | −$19.2M | −$11.7M | $3,200 | −$1.9M | $20,000 | — | $139.9M | $359 | $359 |
| Retained earnings (deficit) | −$236.4M | −$149.3M | −$76.4M | −$74.2M | −$76.8M | −$53.4M | −$127 | −$8,980 | $10.6M |
| Treasury stock | — | — | — | −$5.9M | — | −$5.9M | — | — | — |
| Accumulated other comprehensive income | −$1.6M | −$4.9M | −$1.8M | −$2.9M | $0 | $0 | — | — | — |
| Total shareholders' equity | −$8.8M | $77.6M | $149.7M | $139.8M | $134.7M | $156.9M | $144.9M | −$8,621 | $10.6M |
| Key figures | |||||||||
| Total debt | $1.17B | $1.20B | $1.18B | $921.8M | $679.4M | $459.4M | $371.4M | $50,000 | $200.7M |
| Net cash (debt) | −$1.15B | −$1.19B | −$1.15B | −$919.1M | −$677.1M | −$458.2M | −$370.7M | −$342 | −$200.6M |
| Working capital | $215.2M | $197.3M | $202.9M | $192.1M | $126.4M | −$52.7M | −$1.1M | −$171,121 | −$51.4M |
| Tangible book value | −$134.6M | −$54.6M | $6.7M | $9.9M | $49.4M | $106.3M | $133.3M | −$7.7M | $5.6M |
| Book value per share | −$0.27 | $2.34 | $4.55 | $4.33 | $4.25 | $5.90 | $19.84 | −$0.00 | $0.58 |
| Shares outstanding | 32.7M | 33.2M | 32.9M | 32.3M | 31.7M | 26.6M | 7.3M | 18.4M | 18.4M |
| Current ratio | 1.43 | 1.34 | 1.32 | 1.41 | 1.39 | 0.88 | 0.42 | 0.22 | 0.73 |
| Quick ratio | 0.41 | 0.37 | 0.44 | 0.50 | 0.57 | 0.32 | 51.69 | 298.71 | 0.28 |
| Debt / equity | — | 15.45 | 7.88 | 6.59 | 5.04 | 2.93 | 2.56 | — | 18.95 |
| Equity / assets | −0.7% | 5.2% | 9.5% | 10.8% | 13.7% | 21.0% | 98.7% | −4.1% | 4.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $20.9M | $23.9M | $18.6M | $14.1M | $13.2M | $11.1M | $13.4M | $14.6M | $4.5M | $5.6M | $31.0M | $1.4M |
| Cash & equivalents | $20.9M | $23.9M | $18.6M | $14.1M | $13.2M | $11.1M | $13.4M | $14.6M | $4.5M | $5.6M | $31.0M | $1.4M |
| Receivables | $213.2M | $192.0M | $186.7M | $216.0M | $205.3M | $207.8M | $199.7M | $217.4M | $251.9M | $239.4M | $249.3M | $259.1M |
| Inventory | $456.0M | $476.2M | $473.3M | $504.6M | $484.5M | $544.6M | $535.9M | $565.2M | $547.3M | $553.7M | $530.7M | $492.8M |
| Other current assets | $34.8M | $31.7M | $31.6M | $37.2M | $36.1M | $28.3M | $25.5M | $29.2M | $32.2M | $23.6M | $27.0M | $31.0M |
| Total current assets | $724.9M | $723.8M | $710.2M | $771.9M | $739.1M | $791.8M | $774.5M | $826.4M | $835.9M | $822.3M | $838.0M | $784.3M |
| Property, plant & equipment (net) | $467.8M | $479.7M | $196.6M | $189.9M | $548.1M | $559.8M | $553.4M | $579.2M | $595.5M | $587.1M | $575.7M | $553.7M |
| Goodwill & intangible assets | $122.4M | $123.8M | $125.8M | $124.9M | $128.9M | $130.2M | $132.2M | $139.1M | $139.3M | $139.9M | $143.0M | $125.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $7.4M | $7.3M | $303.7M | $344.3M | $19.9M | $22.7M | $20.3M | $4.4M | $20.6M | $14.0M | $14.2M | $17.0M |
| Total assets | $1.32B | $1.33B | $1.34B | $1.43B | $1.44B | $1.50B | $1.48B | $1.55B | $1.59B | $1.56B | $1.57B | $1.48B |
| Liabilities | ||||||||||||
| Accounts payable | $84.5M | $84.7M | $77.7M | $93.2M | $96.3M | $94.5M | $91.5M | $93.7M | $93.8M | $98.6M | $97.0M | $89.6M |
| Short-term debt | $111.1M | $359.6M | $341.9M | $369.2M | $355.8M | $393.3M | $400.1M | $421.1M | $423.2M | $423.3M | $420.9M | $386.5M |
| Deferred revenue | $11.9M | $12.7M | $13.7M | $11.3M | $25.7M | $26.8M | $27.8M | $25.5M | $14.6M | $30.5M | $16.2M | $29.4M |
| Total current liabilities | $524.1M | $527.8M | $495.0M | $542.7M | $531.0M | $583.9M | $577.2M | $612.3M | $610.4M | $631.1M | $635.1M | $569.8M |
| Long-term debt | $695.9M | $690.1M | $724.0M | $745.6M | $732.6M | $735.0M | $695.3M | $712.6M | $691.6M | $641.2M | $628.2M | $641.7M |
| Lease obligations | $132.7M | $138.9M | $143.3M | $147.7M | $152.3M | $155.3M | $154.1M | $150.9M | $150.9M | $148.1M | $146.6M | $136.6M |
| Other long-term liabilities | $138.7M | $145.0M | $126.1M | $139.8M | $128.5M | $129.6M | $130.3M | $128.5M | $164.1M | $154.1M | $157.9M | $121.4M |
| Total liabilities | $1.36B | $1.36B | $1.35B | $1.43B | $1.39B | $1.45B | $1.40B | $1.45B | $1.47B | $1.43B | $1.42B | $1.33B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | −$19.2M | −$19.2M | −$18.2M | −$18.2M | −$11.7M | −$11.7M | −$7.9M | — | — | — | $3,200 |
| Retained earnings (deficit) | −$264.8M | −$256.7M | −$236.4M | −$223.9M | −$181.6M | −$172.8M | −$149.3M | −$136.0M | −$105.6M | −$91.0M | −$76.4M | −$71.8M |
| Accumulated other comprehensive income | −$3.0M | −$2.2M | −$1.6M | −$2.6M | −$2.3M | −$4.6M | −$4.9M | −$3.0M | −$2.0M | −$2.2M | −$1.8M | −$1.3M |
| Total shareholders' equity | −$36.2M | −$28.3M | −$8.8M | $2.9M | $43.9M | $56.0M | $77.6M | $95.7M | $125.2M | $136.9M | $149.7M | $147.5M |
| Key figures | ||||||||||||
| Total debt | $691.3M | $1.17B | $1.17B | $1.22B | $1.19B | $1.23B | $1.20B | $1.23B | $1.25B | $1.20B | $1.18B | $1.12B |
| Net cash (debt) | −$670.4M | −$1.15B | −$1.15B | −$1.21B | −$1.18B | −$1.22B | −$1.19B | −$1.22B | −$1.25B | −$1.19B | −$1.15B | −$1.12B |
| Working capital | $200.8M | $196.0M | $215.2M | $229.2M | $208.1M | $207.9M | $197.3M | $214.1M | $225.5M | $191.2M | $202.9M | $214.5M |
| Tangible book value | −$158.6M | −$152.1M | −$134.6M | −$122.0M | −$85.0M | −$74.2M | −$54.6M | −$43.4M | −$14.1M | −$3.0M | $6.7M | $22.1M |
| Book value per share | −$1.10 | −$0.87 | −$0.27 | $0.09 | $1.33 | $1.69 | $2.31 | $2.88 | $3.77 | $4.13 | $4.50 | $4.51 |
| Shares outstanding | 32.8M | 32.6M | 32.4M | 32.3M | 33.0M | 33.2M | 33.5M | 33.2M | 33.2M | 33.1M | 33.3M | 32.7M |
| Current ratio | 1.38 | 1.37 | 1.43 | 1.42 | 1.39 | 1.36 | 1.34 | 1.35 | 1.37 | 1.30 | 1.32 | 1.38 |
| Quick ratio | 0.45 | 0.41 | 0.41 | 0.42 | 0.41 | 0.37 | 0.37 | 0.38 | 0.42 | 0.39 | 0.44 | 0.46 |
| Debt / equity | — | — | — | 420.97 | 27.13 | 21.99 | 15.45 | 12.88 | 9.99 | 8.74 | 7.90 | 7.61 |
| Equity / assets | −2.7% | −2.1% | −0.7% | 0.2% | 3.1% | 3.7% | 5.2% | 6.2% | 7.9% | 8.8% | 9.5% | 10.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
ALTG financial position
At the end of fiscal 2025 (December 31, 2025), Alta Equipment had total assets of $1.3 billion (down 9.7% from a year earlier), total liabilities of $1.3 billion and shareholders' equity of -$8.8 million. It held $18.6 million in cash and short-term investments against $1.2 billion of debt, net debt of $1.2 billion. Its current ratio was 1.43. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity -$36.2 million.
Related: ALTG income statement, ALTG cash flow statement, ALTG key metrics. See the ALTG stock overview for the latest quote and news.
ALTG balance sheet FAQ
What are Alta Equipment's total assets?
Alta Equipment reported total assets of $1.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.5 billion a year earlier.
How much debt does Alta Equipment have?
Alta Equipment had $1.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Alta Equipment have?
Alta Equipment held $18.6 million in cash and short-term investments at the end of fiscal 2025; with $1.2 billion of debt that is net debt of $1.2 billion.
What is Alta Equipment's book value?
Alta Equipment's shareholders' equity (book value) was -$8.8 million at the end of fiscal 2025, or −$0.27 per share.
What is Alta Equipment's current ratio?
Alta Equipment had current assets of $710.2 million and current liabilities of $495.0 million, a current ratio of 1.43 (it can cover its short-term obligations).
How much goodwill does Alta Equipment have?
Alta Equipment carried $125.8 million of goodwill and intangible assets, 9.4% of total assets, at the end of fiscal 2025.