Atlas Energy Solutions Inc. (AESI)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 316,513 | 365,156 | 425,497 | 318,686 | 401,524 |
| Total current liabilities | US$ in thousands | 258,172 | 239,333 | 190,125 | 92,592 | 100,559 |
| Current ratio | 1.23 | 1.53 | 2.24 | 3.44 | 3.99 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $316,513K ÷ $258,172K
= 1.23
The current ratio of Atlas Energy Solutions Inc. has been declining over the past five quarters, from 3.99 in September 2023 to 1.23 in September 2024. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
The decreasing trend in the current ratio suggests that the company's current liabilities may be increasing relative to its current assets, which could potentially indicate liquidity challenges. A current ratio of 1.23 in September 2024 implies that the company may have limited ability to cover its short-term obligations with its current assets.
It is essential for Atlas Energy Solutions Inc. to closely monitor its liquidity position and take necessary measures to improve its current ratio to ensure its financial stability and ability to meet its short-term obligations in the future.
Peer comparison
Sep 30, 2024