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ALTOAlto Ingredients, Inc.
$5.19$401M
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HomeStocksALTOBalance Sheet

Alto Ingredients, Inc. (ALTO) Balance Sheet

28Y historyFree accessUpdated daily

The company has demonstrated disciplined capital management by reducing its debt-to-equity ratio from a 2025Q2 peak of 0.67 to 0.37 in 2026Q1, despite an accumulated deficit of $808.1 million.

ALTO Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'00Dec'99Dec'98
Total Current Assets158.55M155.92M153.12M168.77M199.12M229.53M214.05M232.06M168.8M203.25M235.2M197.94M139.55M79.38M57.43M66.75M57.96M48.78M71.89M82.19M127.05M14.78M3.95M4.68M6.7M4.42M3.74M3.41M4.56M
Cash & Short-Term Investments20.31M25.67M35.47M30.01M36.46M50.61M47.67M19M26.63M49.49M64.26M52.71M62.08M5.15M7.59M8.91M8.74M17.55M19.25M25.06M83.17M7.27M188.44K249K6.22M2.18M1.69M1.58M2.78M
Cash Only20.31M25.67M35.47M30.01M36.46M50.61M47.67M19M26.63M49.49M64.26M52.71M62.08M5.15M7.59M8.91M8.74M17.55M11.47M5.71M44.05M4.52M188.44K249K908.65K265.41K902.38K542.36K2.78M
Short-Term Investments0000000000000000007.78M19.35M39.12M2.75M005.31M1.92M789.5K1.04M0
Accounts Receivable59.7M62.57M58.22M58.73M68.66M86.89M43.49M74.31M68.25M81.09M92M72M34.61M35.3M26.05M28.14M25.86M12.77M23.82M29.65M29.32M5.08M14K156.1K149.69K136.45K268.51K1.79M1.17M
Days Sales Outstanding23.3624.8822.0117.5318.7626.2617.719.0316.4418.1320.6722.0611.4114.1811.6511.428.7414.7212.3523.4547.2821.186.286.6513.629.356.7853.9829.38
Inventory52.83M049.91M52.61M66.63M54.37M37.92M60.6M57.82M61.55M60.07M60.82M18.55M23.39M16.24M16.13M17.31M12.13M18.41M21.58M9.62M362.97K399.43K002.07M000
Days Inventory Outstanding11.14-19.0715.9117.8417.4116.415.4213.7913.8113.9418.756.789.757.16.6819.1913.089.1118.3817.431.57-------
Other Current Assets25.71M67.67M9.52M27.42M27.38M37.65M84.07M76.63M13.63M7.84M3.61M6.44M12.71M3.23M2.13M4.32M3.35M1.33M6.12M3.63M3.87M86.05K300K4.16M01.93M331.58K00
Total Non-Current Assets227.74M232.87M248.32M285.47M279.2M255.43M262.77M380.43M491.18M517.05M473.04M477.2M159.95M161.67M157.53M165.73M176.12M250.04M544.94M569.41M326.77M33.41M90.52K802.84K1.07M643.19K848.14K724.38K709.4K
Property, Plant & Equipment210.41M0235.29M271.35M258.01M235.96M240.53M356.87M482.66M508.35M465.19M464.96M155.3M155.19M150.41M159.62M168.98M243.73M530.04M468.7M196.16M23.21M86.49K449.3K708.98K615.63K820.4K689.09K601.42K
Fixed Asset Turnover8.48x-4.10x4.51x5.18x5.12x3.73x3.99x3.14x3.21x3.49x2.56x7.13x5.85x5.43x5.65x1.94x1.30x1.33x0.98x1.15x3.77x9.53x1.46x5.67x2.76x17.61x17.61x24.21x
Goodwill00005.97M0000000000000088.17M85.31M00000000
Intangible Assets7.42M04.51M8.5M9.09M2.68M2.68M2.68M2.68M2.68M2.68M2.68M2.79M3.26M3.73M4.46M5.38M5.16M5.63M6.32M10.15M10.13M0000000
Long-Term Investments00000000286.67M359.68M363.4M301.42M00000000000000000
Other Non-Current Assets9.91M232.87M8.52M5.63M6.14M16.79M19.56M20.88M5.84M6.02M5.17M9.56M1.86M3.22M3.39M1.65M1.76M1.15M9.28M6.21M35.16M62.42K4.03K353.55K357.98K27.56K27.74K35.29K107.97K
Total Assets386.29M388.79M401.44M454.24M478.32M484.95M476.82M612.5M659.98M720.3M708.24M675.14M299.5M241.05M214.96M232.48M234.08M298.82M616.83M651.6M453.82M48.18M4.05M5.48M7.77M5.06M4.59M4.14M5.27M
Asset Turnover2.35x2.36x2.40x2.69x2.79x2.49x1.88x2.33x2.30x2.27x2.29x1.76x3.70x3.77x3.80x3.88x1.40x1.06x1.14x0.71x0.50x1.82x0.20x0.12x0.52x0.34x3.15x2.93x2.76x
Asset Growth %-23.16%-3.15%-11.62%-5.03%-1.37%1.71%-22.15%-7.2%-8.37%1.7%4.9%125.42%24.25%12.14%-7.53%-0.69%-21.66%-51.56%-5.34%43.58%841.83%1091.2%-26.21%-29.44%53.55%10.23%10.95%-21.49%-
Total Current Liabilities41.65M59.07M57.8M65.29M78.02M69.6M86.93M160.4M231.86M90.71M78.84M72.91M25.45M28.22M12.41M8.98M47.83M99.63M360.2M120.08M30.59M17.67M472.24K501.75K1.19M589.13K1.81M1.74M1.88M
Accounts Payable19.3M14.51M20.37M20.75M28.11M23.25M13.05M29.28M48.18M39.74M37.05M30.52M13.12M11.07M5.1M5.52M6.47M8.18M14.03M77.84M11.99M11.17M55.45K52.2K299.21K155.33K277.63K938.42K698.33K
Days Payables Outstanding6.8267.786.277.537.445.647.4511.498.928.69.414.794.622.232.287.188.826.9566.2921.7148.27----9.7736.6821.01
Short-Term Debt4.97M21.56M000025.53M63M146.67M20M10.5M17M0750K4.03M750K38.11M77.36M291.93M17.1M4.13M1.2M000014.64K50.51K44.67K
Deferred Revenue (Current)0000000023.42M21.67M24.11M13.9M6.2M5.85M00-34.87M5.89M32.53M5.57M000000000
Other Current Liabilities17.37M23M8.37M20M19.5M21.14M35.07M42.33M13.55M8.7M10.22M11.07M3.19M6.57M369K007.02M21.61M19.57M4.8M4.87M1.17M00000539.76K
Current Ratio3.81x2.64x2.65x2.59x2.55x3.30x2.46x1.45x0.73x2.24x2.98x2.71x5.48x2.81x4.63x7.43x1.21x0.49x0.20x0.68x4.15x0.84x8.37x9.33x5.63x7.50x2.07x1.97x2.43x
Quick Ratio2.54x2.64x1.79x1.78x1.70x2.52x2.03x1.07x0.48x1.56x2.22x1.88x4.76x1.98x3.32x5.64x0.85x0.37x0.15x0.50x3.84x0.82x7.53x9.33x5.63x3.99x2.07x1.97x2.43x
Cash Conversion Cycle27.68-33.327.1629.0736.2228.452718.7423.0326.0131.413.3919.3216.5215.7940.7618.9814.52-24.4743-25.52-------
Total Non-Current Liabilities94.76M84.47M118.57M109.4M92.22M70.14M93.66M225.05M108.76M245.89M211.14M230.69M56.07M117.93M129.64M104.23M98.44M256.98M4.43M153.15M30.42M2M0020.41K00051.93K
Long-Term Debt73.06M63.03M92.9M82.1M68.36M50.36M71.81M180.79M84.84M221.09M188.03M203.86M34.53M98.41M117.25M93.69M84.98M12.74M937K151.19M28.97M2M4.01M0000051.93K
Capital Lease Obligations55.62M13.01M16.91M19.03M15.06M9.38M8.71M21.17M78K123K547K4.18M2.06M6.04M000000000020.41K0000
Deferred Tax Liabilities00000000251K224K52K1.17M17.04M0000001.97M1.09M00000000
Other Non-Current Liabilities8.47M8.43M8.75M8.27M8.8M10.39M13.13M23.09M23.83M24.68M22.51M21.01M2.44M13.48M12.39M10.54M13.46M244.25M3.5M1.97M0-424-4.01M000000
Total Liabilities136.41M143.54M176.38M174.68M170.23M139.74M180.58M385.45M340.62M336.6M289.98M303.6M81.52M146.15M142.06M113.21M146.27M356.62M364.64M273.23M61.01M19.67M472.24K501.75K1.21M589.13K1.81M1.74M1.93M
Total Debt91.27M97.6M114.67M105.46M87.27M63.65M108.23M268.42M231.56M241.81M199.87M229.76M40.66M110.03M121.28M94.44M84.98M90.1M306.36M168.29M33.09M3.2M020.39K52.38K014.64K50.51K96.6K
Net Debt70.96M71.92M79.2M75.44M50.81M13.04M60.57M249.43M204.93M192.32M131.28M177.05M-21.42M104.88M113.7M85.53M76.25M72.56M294.89M162.58M-10.96M-1.33M-188.44K-75.19K-856.27K-265.41K-1.03M-491.85K-2.69M
Debt / Equity0.37x0.40x0.51x0.38x0.28x0.18x0.37x1.18x0.73x0.63x0.48x0.62x0.19x1.16x1.66x0.79x0.97x-1.21x0.44x0.08x0.11x-0.00x0.01x-0.01x0.02x0.03x
Debt / EBITDA2.39x2.96x---1.00x2.70x--18.51x3.39x40.59x0.39x3.54x-5.68x---6.92x6.30x-----0.04x--
Net Debt / EBITDA1.86x2.18x---0.21x1.51x--14.72x2.23x31.28x-0.20x3.38x-5.15x---6.69x-2.09x------2.55x--
Interest Coverage0.24x0.72x-6.69x-2.76x-20.71x14.26x0.04x-4.01x-3.00x-1.97x1.00x-1.30x9.76x1.21x-2.32x0.73x12.18x-3.16x-5.31x---58.10x-2172.25x------
Total Equity249.88M245.24M225.06M279.56M308.09M345.21M296.24M227.04M319.37M383.7M418.26M371.54M217.98M94.9M72.91M119.26M87.81M-57.8M252.2M378.37M392.81M28.52M3.57M4.98M6.56M4.47M2.78M2.4M3.34M
Equity Growth %-11.77%8.97%-19.49%-9.26%-10.75%16.53%30.47%-28.91%-16.77%-8.26%12.57%70.45%129.69%30.17%-38.87%35.81%251.93%-122.92%-33.35%-3.68%1277.53%698.12%-28.26%-24.07%46.7%60.61%15.95%-28.08%-
Book Value per Share3.263.243.063.814.284.785.054.797.368.989.9011.209.627.7410.0952.6498.46-106.31528.06995.831183.32119.4530.26222.85315.59211.28146.77151.40213.78
Total Shareholders' Equity249.88M245.24M225.06M279.56M308.09M345.21M296.24M219.78M299.77M356.44M387.89M371.54M213.51M89.22M52.56M46.97M-7.16M-100.07M209.37M282.29M298.44M28.52M3.57M4.98M6.56M4.47M2.78M2.4M3.34M
Common Stock78K77K77K76K75K73K72K56K46K44K44K43K25K16K147K87K90K57K58K41K40K28.87K37.82K36.29K176.21K172.75K168.63K128.98K128.98K
Retained Earnings-808.13M-812.09M-824.17M-763.91M-734.64M-691.78M-736.6M-720.21M-630M-568.46M-532.23M-532.38M-512.33M-532.36M-530.31M-509.99M-511.79M-581.08M-269.72M-118.31M-99.68M-13.58M-5.88M-4.39M-2.76M-4.01M-5.18M-5.43M-4.46M
Treasury Stock0000000000000000000000-1.73M-1.73M-1.7M-1.48M-1.48M-119.16K-90K
Accumulated OCI5.46M5.46M4.97M2.48M1.82M-284K-3.88M-2.37M-2.46M-2.23M-2.62M1.04M-54.34M-42.05M-30.68M-19.23M-6.81M-77.78M0-2.38M545K-1.63M33.2K-37.78K14.2K6803.57K-4.09K0
Minority Interest00000007.26M19.6M27.26M30.37M04.47M5.68M20.34M72.29M94.97M42.27M42.82M96.08M94.36M00000000

Key Metrics

Growth RegimeContracting
ProfitabilityStrained
Balance SheetHealthy
Cash FlowMixed
Top Statement Risk

Commodity crush spread volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Asset Base Contraction Reflects Realignment

According to recent financial filings, ALTO's total assets have declined from $454.2 million in 2023Q4 to $386.3 million in 2026Q1, signaling a deliberate contraction of the balance sheet as the company navigates a challenging commodity environment and shifts its focus toward higher-margin specialty alcohol production.

The reduction in total assets appears to be a byproduct of both asset divestitures and a more disciplined approach to capital deployment. Investors should monitor whether this shrinkage represents a strategic optimization of the footprint or a loss of operational scale that could impair future competitive positioning.

Disciplined Leverage Amidst Cyclical Pressure

Based on reported figures, ALTO has maintained a conservative debt-to-equity ratio of 0.37 as of 2026Q1, demonstrating a consistent effort to deleverage from the 0.67 peak observed in 2025Q2, which provides a necessary buffer against the inherent volatility of the ethanol and specialty chemical markets.

The reduction in total debt from $138.7 million to $91.3 million over the last several quarters suggests a management priority on balance sheet repair. While this lower leverage profile reduces interest expense, it also limits the company's capacity to fund large-scale infrastructure projects without external financing.

Liquidity Buffer Remains Modestly Adequate

As reported in quarterly balance sheets, ALTO's current ratio of 3.81 in 2026Q1 indicates a strong short-term liquidity position, though the absolute cash balance of $20.3 million remains relatively thin given the company's exposure to rapid fluctuations in corn and energy input costs.

The high current ratio is likely supported by inventory levels that may be subject to rapid valuation changes in a volatile commodity market. Analysts should consider that this liquidity buffer may be less robust than it appears if inventory turnover slows or if market prices for finished goods compress further.

Accumulated Deficit Weighs on Equity

Financial statements reveal that ALTO's equity base is significantly burdened by an accumulated deficit of $808.1 million as of 2026Q1, a legacy figure that highlights the long-term challenges the company has faced in achieving sustained profitability within the highly cyclical biorefining and specialty chemical industry.

The persistent negative retained earnings suggest that historical capital allocation has struggled to generate consistent shareholder value. Future equity growth will likely depend on the company's ability to transition its product mix toward higher-margin specialty ingredients and successfully capture carbon-related tax credits.

ALTO — Frequently Asked Questions

Quick answers to the most common questions about buying ALTO stock.

What are the total assets of Alto Ingredients, Inc. (ALTO)?

As of 2025, Alto Ingredients, Inc. (ALTO) had total assets of $388.8M including $155.9M in current assets.

How much debt does Alto Ingredients, Inc. (ALTO) have?

Alto Ingredients, Inc. (ALTO) carries total debt of $97.6M, offset by $25.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Alto Ingredients, Inc.?

Alto Ingredients, Inc. (ALTO) has total shareholders' equity (book value) of $245.2M ($3.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Alto Ingredients, Inc.'s current ratio and liquidity?

Alto Ingredients, Inc. (ALTO) reported a current ratio of 2.64x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.