Atlas Energy Solutions Inc. (AESI)

Debt-to-equity 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-equity ratio		0.42	0.42	0.43	0.20	—

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $439,043K ÷ $1,046,180K
= 0.42

The debt-to-equity ratio of Atlas Energy Solutions Inc. has been relatively stable over the past four quarters, ranging from 0.20 to 0.43. A decreasing trend in the ratio from 0.43 in March 2024 to 0.42 in September 2024 indicates a decrease in the company's reliance on debt financing compared to equity.

A debt-to-equity ratio of 0.42 as of September 30, 2024, indicates that for every dollar of equity, the company has $0.42 of debt. This suggests that Atlas Energy Solutions Inc. is utilizing a moderate level of debt compared to equity to finance its operations and investments.

Overall, the consistent ratios around the 0.42-0.43 range suggest that Atlas Energy Solutions Inc. has maintained a balanced capital structure between debt and equity financing, which could provide stability and financial flexibility for the company's growth and operations.