Alto Ingredients (Alto Ingredients) Debt-to-Equity : 0.38 (As of Dec. 2023)

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What is Alto Ingredients Debt-to-Equity?

Alto Ingredients's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4 Mil. Alto Ingredients's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $101 Mil. Alto Ingredients's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $280 Mil. Alto Ingredients's debt to equity for the quarter that ended in Dec. 2023 was 0.38.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Alto Ingredients's Debt-to-Equity or its related term are showing as below:

ALTO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.45 Max: 1.22
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Alto Ingredients was 1.22. The lowest was 0.18. And the median was 0.45.

ALTO's Debt-to-Equity is ranked worse than
52.87% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs ALTO: 0.38

Alto Ingredients Debt-to-Equity Historical Data

The historical data trend for Alto Ingredients's Debt-to-Equity 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.

* Premium members only.

Alto Ingredients Debt-to-Equity Chart

Alto Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.22

0.37

0.18

0.28

0.38

Alto Ingredients Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.28	0.37	0.36	0.34	0.38

Competitive Comparison of Alto Ingredients's Debt-to-Equity

For the Specialty Chemicals subindustry, Alto Ingredients's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Alto Ingredients's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Alto Ingredients's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Alto Ingredients's Debt-to-Equity falls into.

Alto Ingredients Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alto Ingredients's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.333	+	101.126)	/	279.557
	=	0.38

Alto Ingredients's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.333	+	101.126)	/	279.557
	=	0.38

Alto Ingredients (NAS:ALTO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Alto Ingredients Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Alto Ingredients's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Alto Ingredients (Alto Ingredients) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alto Ingredients Inc (NAS:ALTO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FPRP:Germany FPR:Germany

Address

1300 South Second Street, Pekin, IL, USA, 61554

Website

https://www.altoingredients.com

Alto Ingredients Inc is a producer of specialty alcohols and essential ingredients. The company serves five markets: Health, Home and Beauty, Food and Beverage, Essential Ingredients, and Renewable Fuels. Its customers include major food and beverage companies and consumer products manufacturers and distributors. The company operates under three segments: Marketing and distribution, Pekin Campus production, and Other production. The Marketing and distribution segment participates in marketing and merchant trading for alcohols and essential ingredients; Pekin Campus produces and sells products produced at the company's Pekin, Illinois, campus, and about half of the firm's revenue flows from this segment. Other production makes and sells from the company's other production facilities.

Executives

Robert R. Olander	officer: Chief Financial Officer	1300 SOUTH SECOND STREET, PEKIN IL 61554
Gilbert E Nathan	director	C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Auste M Graham	officer: Gen. Counsel, VP & Secy	C/O ALTO INGREDIENTS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61554
Maria G Gray	director	C/O ALTO INGREDIENTS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61554
Bryon T Mcgregor	officer: Interim CFO	400 CAPITAL MALL, #2060, SACRAMENTO CA 95814
Christopher W Wright	officer: VP, General Counsel, & Secy	C/O PACIFIC ETHANOL, INC., 5711 N. WEST AVENUE, FRESNO CA 93711
William L Jones	10 percent owner	5711 N. WEST AVENUE, FRESNO CA 93711
James R Sneed	officer: VP of Ethanol Supply & Trading	AVENTINE RENEWABLE ENERGY HOLDINGS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61555
Neil M Koehler	director, officer: CEO, President	PACIFIC ETHANOL, INC., 5711 N. WEST AVENUE, FRESNO CA 93711
Douglas L Kieta	director	17831 SHADOW VALLEY DRIVE, SPRING TX 77379
Winston Mar	officer: Chief Restructuring Officer	46 PENINSULA CENTER #188, ROLLING HILLS ESTATES CA 90274
Dianne S. Nury	director	C/O PACIFIC ETHANOL INC., 400 CAPITOL MALL, SUITE 2060, SACRAMENTO CA 95814
Michael D Kandris	director	400 CAPITAL MALL, #2060, SACRAMENTO CA 95814
Paul Koehler	officer: VP of Corporate Development	C/O TOWERSTREAM CORPORATION, 55 HAMMARLUND WAY, MIDDLETOWN RI 02842
Larry D Layne	director	C/O PACIFIC ETHANOL, INC., 400 CAPITOL MALL, #2060, SACRAMENTO CA 95814