Atlas Energy Solutions Inc. (AESI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,046,180	1,061,960	1,066,430	867,824	-75,992
Debt-to-capital ratio		0.30	0.30	0.30	0.17	1.79

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $439,043K ÷ ($439,043K + $1,046,180K)
= 0.30

The debt-to-capital ratio of Atlas Energy Solutions Inc. has been relatively stable at 0.30 for the past three quarters ending September 30, 2024, June 30, 2024, and March 31, 2024. This indicates that the company's level of debt in relation to its total capital has been consistent over this period.

However, there was a significant decrease in the debt-to-capital ratio from 0.17 as of December 31, 2023, to 0.30 in the subsequent quarters. This implies that the company may have either decreased its debt levels or increased its capital during this period.

The most notable change was observed in the debt-to-capital ratio as of September 30, 2023, which stood at 1.79, significantly higher than the subsequent quarters. This suggests a substantial increase in debt relative to capital at that time, indicating a potentially riskier financial position for the company.

Overall, it is important for stakeholders to monitor Atlas Energy Solutions Inc.'s debt management practices and capital structure to ensure sustainable financial health and stability.