Atlas Energy Solutions Inc. (AESI)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 71,704 | 78,637 | 104,723 |
| Short-term investments | US$ in thousands | — | — | — |
| Receivables | US$ in thousands | 165,967 | 179,924 | 197,072 |
| Total current liabilities | US$ in thousands | 243,065 | 258,172 | 239,333 |
| Quick ratio | 0.98 | 1.00 | 1.26 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($71,704K
+ $—K
+ $165,967K)
÷ $243,065K
= 0.98
The quick ratio of Atlas Energy Solutions Inc. indicates its ability to meet its short-term obligations using its most liquid assets.
- As of June 30, 2024, the quick ratio was 1.26, suggesting that the company had $1.26 in liquid assets available to cover each dollar of current liabilities. This indicates a healthy liquidity position.
- By September 30, 2024, the quick ratio decreased to 1.00, indicating that the company had exactly enough liquid assets to cover its current liabilities. While a ratio of 1.00 is considered the minimum acceptable level, the company should keep monitoring its liquidity closely.
- The quick ratio further declined to 0.98 as of December 31, 2024, which raises some concerns as the company might face difficulties meeting its short-term obligations with its current liquid assets.
Overall, the trend of decreasing quick ratio over the three periods suggests a potential deterioration in Atlas Energy Solutions Inc.'s liquidity position. Management should assess the reasons behind this decline and take necessary actions to improve the company's short-term liquidity position.
Peer comparison
Dec 31, 2024