Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Alta Equipment Group's
Operating Income
for the
three
months ended in Mar. 2026 was $-6 Mil. Alta Equipment Group's Interest Expense for the
three
months ended in Mar. 2026 was $-20 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Alta Equipment Group Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
The historical rank and industry rank for Alta Equipment Group's Interest Coverage or its related term are showing as below:
ALTG'
s Interest Coverage Range Over the Past 10 Years
Min: 0.19 Med: 1.12 Max: No Debt
Current: 0.19
ALTG's Interest Coverage is ranked worse than 98.28% of 812
companies
in the Business Services industry
Industry Median: 12.98
vs ALTG: 0.19
Alta Equipment Group (NYSE:ALTG) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Alta Equipment Group Interest Coverage Related Terms
Alta Equipment Group Interest Coverage Historical Data
* Premium members only.
The historical data trend for Alta Equipment Group's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
ALTG vs DWAY, MWG, AITX: Interest Coverage Comparison
For the Rental & Leasing Services subindustry, Alta Equipment Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Business Services Industry
For the Business Services industry and Industrials sector, Alta Equipment Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Alta Equipment Group's Interest Coverage falls into.
Alta Equipment Group Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Alta Equipment Group did not have earnings to cover the interest expense.
* 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.
What does a Interest Coverage of 0 (At Loss) mean?
Alta Equipment Group (ALTG) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Alta Equipment Group and its competitors. Over the past decade, Alta Equipment Group's Interest Coverage has ranged from 0.19 to 10,000.00. According to the industry distribution chart, Alta Equipment Group ranks #798 out of 812 companies in the Business Services industry, placing it in the top 98.3%.
Is Alta Equipment Group's Interest Coverage too high?
Alta Equipment Group's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 10,000.00. Based on the distribution chart, Alta Equipment Group ranks #798 out of 812 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Alta Equipment Group has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alta Equipment Group's Interest Coverage compare to DWAY and MWG?
According to the Business Services industry distribution chart, Alta Equipment Group ranks #798 out of 812 companies for Interest Coverage. This places Alta Equipment Group in the lower half of its industry. The industry median Interest Coverage is 12.98. Historically, Alta Equipment Group's own Interest Coverage has ranged from 0.19 to 10,000.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Business Services company?
The median Interest Coverage among Business Services companies is 12.98, based on 812 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Alta Equipment Group and its competitors. For the Business Services industry, the median Interest Coverage is 12.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alta Equipment Group's current Interest Coverage is 0 (At Loss). 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 $7.56 — trading 0.3% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Alta Equipment Group's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Alta Equipment Group (ALTG), the current Interest Coverage is 0 (At Loss) 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 overvalued.
The current stock price of $7.56 is trading 0.3% above its estimated GF Value™ of $7.53.
GuruFocus considers Alta Equipment Group to be Fairly Valued.
Key valuation signals for ALTG:
Interest Coverage: 0 (At Loss)
GF Value™: $7.53 vs. price of $7.56 (0.3% above fair value)
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.
75GF Score
Get the complete analysis for ALTG
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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