Alta Equipment GroupALTG -1.63%74 Current Ratio is 1.37 as of Mar. 2026, which is 1% above its 10-year median of 1.35. GuruFocus rates ALTG with a GF Score™ of 74/100 and a GF Value™ of $7.53 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,092 Business Services companies, Alta Equipment Group ranks worse than 66.58% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Alta Equipment Group's current ratio for the quarter that ended in Mar. 2026 was 1.37.
Alta Equipment Group has a current ratio of 1.37. It generally indicates good short-term financial strength.
The historical rank and industry rank for Alta Equipment Group's Current Ratio or its related term are showing as below:
ALTG'
s Current Ratio Range Over the Past 10 Years
Min: 0.08 Med: 1.35 Max: 4.59
Current: 1.37
During the past 9 years, Alta Equipment Group's highest Current Ratio was 4.59. The lowest was 0.08. And the median was 1.35.
ALTG's Current Ratio is ranked worse than 66.58% of 1092
companies
in the Business Services industry
Industry Median: 1.81
vs ALTG: 1.37
Alta Equipment Group (NYSE:ALTG) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Alta Equipment Group Current Ratio Related Terms
Alta Equipment Group Current Ratio Historical Data
* Premium members only.
The historical data trend for Alta Equipment Group's Current Ratio 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.
For the Rental & Leasing Services subindustry, Alta Equipment Group's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alta Equipment Group Current Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Alta Equipment Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Alta Equipment Group's Current Ratio falls into.
* 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.
Alta Equipment Group (ALTG) has a Current Ratio of 1.37 as of Mar. 2026. This is near median its historical median of 1.35. Over the past decade, Alta Equipment Group's Current Ratio has ranged from 0.08 to 4.59. According to the industry distribution chart, Alta Equipment Group ranks #727 out of 1092 companies in the Business Services industry, placing it in the top 66.6%.
Is Alta Equipment Group's Current Ratio too high?
Alta Equipment Group's current Current Ratio of 1.37 is near median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 4.59. The Business Services industry median Current Ratio is 1.81. Alta Equipment Group's value of 1.37 is 24.3% below this industry median. Based on the distribution chart, Alta Equipment Group ranks #727 out of 1092 companies in the Business Services industry, which is below the industry midpoint. Overall, Alta Equipment Group has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alta Equipment Group's Current Ratio compare to DWAY and MWG?
According to the Business Services industry distribution chart, Alta Equipment Group ranks #727 out of 1092 companies for Current Ratio. This places Alta Equipment Group in the lower half of its industry. The industry median Current Ratio is 1.81. Alta Equipment Group's value of 1.37 is 24.3% below this benchmark. Historically, Alta Equipment Group's own Current Ratio has ranged from 0.08 to 4.59 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 1.81, Alta Equipment Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Business Services company?
The median Current Ratio among Business Services companies is 1.81, based on 1,092 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alta Equipment Group's current Current Ratio of 1.37 is 24.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median Current Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alta Equipment Group's current Current Ratio is 1.37, which is near median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alta Equipment Group stock overvalued right now?
Based on GuruFocus' analysis, Alta Equipment Group (ALTG) is currently considered Fairly Valued. The stock's GF Value™ is $7.53, compared to a current price of $7.53 — trading 0.1% below its estimated fair value. The current Current Ratio is 1.37, which is near median its 10-year median of 1.35 and 24.3% below the Business Services industry median of 1.81. Alta Equipment Group's overall GF Score™ is 74/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Alta Equipment Group (ALTG), the current Current Ratio is 1.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Alta Equipment Group (ALTG) Overvalued in 2026?
Based on GuruFocus' analysis, Alta Equipment Group stock appears to be undervalued.
The current stock price of $7.53 is trading 0.1% below its estimated GF Value™ of $7.53.
GuruFocus considers Alta Equipment Group to be Fairly Valued.
Key valuation signals for ALTG:
Current Ratio: 1.37 (near median its 10-year median of 1.35)
GF Value™: $7.53 vs. price of $7.53 (0.1% below fair value)
Industry Position: 24.3% below the Business Services median (#727 of 1092)
No single metric tells the full story. See the ALTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling, Construction Equipment, and Master Distribution. 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, Pennsylvania, New York, Florida and throughout the New England States, and The Master Distribution segment is engaged in environmental processing equipment distribution with sub dealers throughout the United States and Canada.
74GF Score
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