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Business
Mark_
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Mark_
An Overview Of Alta Equipment Group Inc.s Balance Sheets, 2019-2023
~1.5 mins read
In this article, we’ll take a closer look at Alta Equipment Group Inc.’s KPIs from the balance sheet, and the first one will be its cash for the past five years:
The company’s low cash reserves, likely acquired through debt, render it susceptible to unforeseen events and emergencies, but at the same time, the company’s constantly growing accounts receivable might make the financial situation more or less stable.
Its inventories are growing with revenue, which is a sign of the company’s efficiency since it manages to find ways to sell goods and increase revenue. However, the constantly rising value of PP&E tells us that the market is quite competitive and requires a lot of investments to stay in business.
For a few years, Alta Equipment Group Inc. was heavily reliant on short-term debt, but over time it transitioned into using long-term debt instead, which provided a layer of security against sudden increases in interest rates.
Its debt-to-equity ratio is consistently rising and has surpassed the typical value investor threshold of 2 due to shareholders’ equity staying at the same levels and debt growing year over year.
Alta Equipment Group Inc.’s return on equity and return on assets are both inconsistent and fluctuate greatly. It’s not surprising, since the company has suffered losses for some years and only recently started to have positive net income.
Its current ratio is steadily growing and is currently higher than 1, which means that there are more current assets than current liabilities, which is good because it makes the company’s financial situation more stable.
To sum up, the company’s balance sheet is somewhat okay, but it could have been better: the cash amounts are low, there are no retained earnings, efficiency KPIs such as ROA and ROA are unstable, etc. At least, we can rest assured that Alta Equipment Group Inc. possesses a strong foundation and will not succumb to emergencies.
Additional charts from balance sheets and other financial statements
Additional charts from balance sheets and other financial statements
Kuryliuk
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Kuryliuk
~0.1 mins read
Welcome to ARIXcoin_bot.
Nice place guys, take a chance and dig in
https://t.me/ARIXcoin_bot?start=ref_1791001195
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Mark_
Meta Stock Analysis
~0.2 mins read
The analysis of Meta Platforms, Inc.'s stock, covering its past performance, price-related KPIs (P/E ratio, P/FCF ratio, P/S ratio, P/B ratio, intrinsic value), analysts' perspectives, and forecasts.
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