Alta Equipment Group Inc (ALTG) - Net Assets
Based on the latest financial reports, Alta Equipment Group Inc (ALTG) has net assets worth $2.90 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.43 Billion) and total liabilities ($1.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Alta Equipment Group Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.90 Million |
| % of Total Assets | 0.2% |
| Annual Growth Rate | -16.02% |
| 5-Year Change | -50.54% |
| 10-Year Change | N/A |
| Growth Volatility | 39.24 |
Alta Equipment Group Inc - Net Assets Trend (2017–2024)
This chart illustrates how Alta Equipment Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore ALTG total asset value for the complete picture of this company's asset base.
Annual Net Assets for Alta Equipment Group Inc (2017–2024)
The table below shows the annual net assets of Alta Equipment Group Inc from 2017 to 2024. For live valuation and market cap data, see Alta Equipment Group Inc (ALTG) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $77.60 Million | -48.16% |
| 2023-12-31 | $149.70 Million | +7.08% |
| 2022-12-31 | $139.80 Million | +3.79% |
| 2021-12-31 | $134.70 Million | -14.15% |
| 2020-12-31 | $156.90 Million | +8.31% |
| 2019-12-31 | $144.86 Million | +1680421.41% |
| 2018-12-31 | $-8.62K | -100.00% |
| 2017-12-31 | $263.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alta Equipment Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 14929296000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $-4.90 Million | -6.31% |
| Other Components | $243.50 Million | 313.79% |
| Total Equity | $77.60 Million | 100.00% |
Alta Equipment Group Inc Competitors by Market Cap
The table below lists competitors of Alta Equipment Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mufin Green Finance Ltd
NSE:MUFIN
|
$214.10 Million |
|
Nextgreen Global Bhd
KLSE:7241
|
$214.12 Million |
|
The Korea Fund Inc
F:KOF1
|
$214.17 Million |
|
Platinum Group Metals Ltd
TO:PTM
|
$214.25 Million |
|
Guangdong Electric Power Devel
SHE:200539
|
$214.03 Million |
|
Aspo Oyj
HE:ASPO
|
$214.01 Million |
|
GigCapital7 Corp. Class A Ordinary Share
NASDAQ:GIG
|
$214.00 Million |
|
Innowireless Co. Ltd
KQ:073490
|
$213.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alta Equipment Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 149,700,000 to 77,600,000, a change of -72,100,000 (-48.2%).
- Net loss of 62,100,000 reduced equity.
- Dividend payments of 10,800,000 reduced retained earnings.
- Share repurchases of 5,800,000 reduced equity.
- Other comprehensive income decreased equity by 3,100,000.
- Other factors increased equity by 9,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-62.10 Million | -80.03% |
| Dividends Paid | $10.80 Million | -13.92% |
| Share Repurchases | $5.80 Million | -7.47% |
| Other Comprehensive Income | $-3.10 Million | -3.99% |
| Other Changes | $9.70 Million | +12.5% |
| Total Change | $- | -48.16% |
Book Value vs Market Value Analysis
This analysis compares Alta Equipment Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.41x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.00 | $7.98 | x |
| 2017-12-31 | $0.00 | $7.98 | x |
| 2018-12-31 | $0.00 | $7.98 | x |
| 2019-12-31 | $19.84 | $7.98 | x |
| 2020-12-31 | $5.90 | $7.98 | x |
| 2021-12-31 | $4.25 | $7.98 | x |
| 2022-12-31 | $4.33 | $7.98 | x |
| 2023-12-31 | $4.55 | $7.98 | x |
| 2024-12-31 | $2.34 | $7.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alta Equipment Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -80.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.31%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 19.08x
- Recent ROE (-80.03%) is below the historical average (-10.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-132.00 |
| 2017 | 0.00% | 0.00% | 1.31x | 0.00x | $-52.10 |
| 2018 | 0.00% | 0.00% | 1946.66x | 0.00x | $-279.90 |
| 2019 | 0.01% | 0.00% | 1.23x | 1.01x | $-14.48 Million |
| 2020 | -15.30% | -2.75% | 1.17x | 4.76x | $-39.69 Million |
| 2021 | -15.44% | -1.72% | 1.23x | 7.29x | $-34.27 Million |
| 2022 | 6.65% | 0.59% | 1.22x | 9.23x | $-4.68 Million |
| 2023 | 5.95% | 0.47% | 1.19x | 10.49x | $-6.07 Million |
| 2024 | -80.03% | -3.31% | 1.27x | 19.08x | $-69.86 Million |
Industry Comparison
This section compares Alta Equipment Group Inc's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,999,582,819
- Average return on equity (ROE) among peers: -55.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alta Equipment Group Inc (ALTG) | $2.90 Million | 0.00% | 492.45x | $214.04 Million |
| AerCap Holdings NV (AER) | $2.28 Billion | 7.54% | 2.99x | $22.94 Billion |
| Senmiao Technology Ltd (AIHS) | $2.57 Million | -402.71% | 7.67x | $5.47 Million |
| Air Lease Corporation (AL) | $2.33 Billion | 5.66% | 2.15x | $7.24 Billion |
| TOUAX (ALTOU) | $153.66 Million | 4.86% | 2.72x | $28.40 Million |
| Avis Budget Group Inc (CAR) | $10.19 Billion | 11.51% | 2.83x | $6.55 Billion |
| Custom Truck One Source Inc (CTOS) | $394.02 Million | 1.31% | 0.04x | $1.45 Billion |
| FlexShopper Inc (FPAY) | $6.17 Million | -142.53% | 1.83x | $2.46K |
| FTAI Aviation Ltd. (FTAI) | $1.29 Billion | -0.92% | 0.28x | $24.61 Billion |
| GATX Corporation (GATX) | $1.35 Billion | 19.08% | 4.27x | $6.84 Billion |
About Alta Equipment Group Inc
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States and Canada. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The company sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, h… Read more