Atlas Energy Solutions Inc. (AESI)

Cash ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Cash and cash equivalents	US$ in thousands	78,637	104,723	187,120	210,174	264,538
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	258,172	239,333	190,125	92,592	100,559
Cash ratio		0.30	0.44	0.98	2.27	2.63

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($78,637K + $—K) ÷ $258,172K
= 0.30

The cash ratio for Atlas Energy Solutions Inc. has been on a declining trend over the past five quarters. As of September 30, 2024, the cash ratio stands at 0.30, indicating that the company has $0.30 in cash and cash equivalents for every dollar of current liabilities. This represents a significant decrease from the ratio of 0.44 in June 30, 2024, and a substantial decline from the higher ratios of 0.98 in March 31, 2024, 2.27 in December 31, 2023, and 2.63 in September 30, 2023.

The decreasing trend in the cash ratio could suggest potential liquidity challenges for Atlas Energy Solutions Inc. as the company appears to have less cash available to cover its short-term obligations. It is important for the company to closely monitor its liquidity position and find ways to improve its cash reserves to ensure it can meet its financial obligations in a timely manner.