Atlas Energy Solutions Inc. (AESI)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 71,704 | 78,637 | 104,723 |
| Short-term investments | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 243,065 | 258,172 | 239,333 |
| Cash ratio | 0.29 | 0.30 | 0.44 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($71,704K
+ $—K)
÷ $243,065K
= 0.29
The cash ratio for Atlas Energy Solutions Inc. has been declining over the fiscal year 2024, from 0.44 as of June 30, 2024 to 0.30 as of September 30, 2024, and further down to 0.29 as of December 31, 2024.
This decreasing trend indicates that the company's ability to cover its short-term obligations solely with its available cash and cash equivalents has been weakening throughout the year. A lower cash ratio could suggest potential liquidity challenges or inefficiencies in managing the company's cash resources.
It is essential for Atlas Energy Solutions Inc. to closely monitor and improve its cash management practices to ensure it maintains an adequate level of liquidity to meet its immediate financial obligations. Further analysis of the company's cash flow and working capital management may be necessary to address any underlying issues contributing to the declining cash ratio.
Peer comparison
Dec 31, 2024