Alta Equipment Group Inc. — Earnings Quality Grade F
ALTG · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 37 days, change -2 days YoY
AR growth -6.5% vs revenue growth -2.2%
Revenue -2.2%, CFFO -42.1%. Cash follows revenue
Expense Quality
Inventory -11.7% vs COGS -1.6%. Normal
CapEx growth -27.7% vs revenue -2.2%. Normal
SG&A/Gross Profit = 89.1%, exceeds 70%
Gross margin 25.9%, change -0.5pp. Stable
Cash Flow Quality
CFFO/NI = -0.41. Below 1.0
FCF is negative ($-0.0B)
Accruals ratio = -8.5%. Low accruals
Cash $0.0B covers only 2% of debt $1.2B
Balance Sheet Health
Goodwill+Intangibles $0.1B = -1430% of equity. Manageable
Debt/EBITDA = 7.1x (>4x). Interest coverage = 0.3x (<2x). Financial stress
Other assets -75.4% vs revenue -2.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -2.91 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25