Is Alta Equipment Group financially healthy?
Not really
Alta Equipment Group carries heavy debt: it would take 10.1 years of earnings to pay it off.
The numbers behind it
Net debt / EBITDA10.1 years
Cash vs. debt$19M vs. $1.2B
Current ratio1.4×Short-term assets for each $1 of bills due within a year
Interest coverage0.3×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Alta Equipment Group
Data as of Nov 13, 2026.