Atlas Energy Solutions Inc. (AESI)
Quick ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 78,637 | 104,723 | 187,120 | 210,174 | 264,538 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 179,924 | 197,072 | 185,758 | 71,170 | 102,234 |
| Total current liabilities | US$ in thousands | 258,172 | 239,333 | 190,125 | 92,592 | 100,559 |
| Quick ratio | 1.00 | 1.26 | 1.96 | 3.04 | 3.65 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($78,637K
+ $—K
+ $179,924K)
÷ $258,172K
= 1.00
The quick ratio of Atlas Energy Solutions Inc. has shown a declining trend over the past five quarters, from 3.65 on September 30, 2023, to 1.00 on September 30, 2024. This indicates a decrease in the company's ability to meet its short-term financial obligations using its most liquid assets.
A quick ratio below 1.0 suggests that the company may face liquidity issues in the short term, as its current assets, excluding inventory, may not be sufficient to cover its current liabilities. A quick ratio of 1.00 as of September 30, 2024, indicates that the company has just enough liquid assets to cover its short-term obligations.
It is important to closely monitor the quick ratio going forward to assess the company's liquidity position and ensure its ability to meet its financial obligations promptly. A consistently low quick ratio may signal financial distress and the need for management to take appropriate measures to improve liquidity.
Peer comparison
Sep 30, 2024