Atlas Energy Solutions Inc. (AESI)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Long-term debt	US$ in thousands	439,043	447,450	457,170	172,820	172,511
Total assets	US$ in thousands	1,973,490	1,982,330	1,941,680	1,261,690	1,239,270
Debt-to-assets ratio		0.22	0.23	0.24	0.14	0.14

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $439,043K ÷ $1,973,490K
= 0.22

The debt-to-assets ratio of Atlas Energy Solutions Inc. has been relatively stable over the past five quarters, ranging from 0.14 to 0.24. This ratio indicates the proportion of the company's assets that are financed through debt.

In the most recent quarter ending on September 30, 2024, the debt-to-assets ratio stood at 0.22, suggesting that approximately 22% of the company's assets were funded by debt.

The slight decrease in the ratio from the previous quarter in June 30, 2024, where it was 0.23, indicates a slightly lower reliance on debt to finance assets. However, it is important to note that the company still maintains a significant portion of its assets financed by debt.

Overall, the trend in the debt-to-assets ratio for Atlas Energy Solutions Inc. shows a consistent level of leverage in the company's capital structure, which may indicate a moderate level of risk associated with debt repayment obligations. Additional analysis of the company's debt maturity profile and interest coverage ratio would provide further insights into its debt management strategy and financial health.