For over four decades, a Texas-based crane rental, rigging, and trucking company has been a cornerstone in the heavy-lift industry, providing reliable and specialized equipment services across multiple sectors. To meet increasing customer demand and secure a competitive edge, the company sought to expand its fleet with a state-of-the-art hydraulic all-terrain crane.
Despite strong profitability and a 6% revenue increase over the previous fiscal year, the company faced liquidity constraints, with a current ratio of 0.86 and a quick ratio of 0.66. These figures indicated potential challenges in meeting short-term obligations, making a substantial upfront purchase financially imprudent. The need to maintain operational cash flow while acquiring a high-value asset necessitated a strategic financial approach.
The company turned to Equify Financial, a trusted partner since 2012, to structure a leasing solution for acquiring the 2024 Liebherr LTM hydraulic all-terrain crane, valued at $5.53 million. This approach allowed the company to integrate the advanced crane into their operations without disrupting cash flow. Equify tailored the lease payments to align with the company's financial framework, ensuring affordability and financial stability.
