Atlas Energy Solutions Inc. (AESI)

Financial leverage ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Total assets	US$ in thousands	1,973,490	1,982,330	1,941,680	1,261,690	1,239,270
Total stockholders’ equity	US$ in thousands	1,046,180	1,061,960	1,066,430	867,824	-75,992
Financial leverage ratio		1.89	1.87	1.82	1.45	—

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,973,490K ÷ $1,046,180K
= 1.89

The financial leverage ratio of Atlas Energy Solutions Inc. has shown an increasing trend over the past five quarters, starting at 1.45 as of December 31, 2023, and reaching 1.89 as of September 30, 2024. This indicates a rising level of financial leverage, suggesting that the company is relying more on debt financing to support its operations and growth. A higher financial leverage ratio generally implies higher financial risk, as the company has a larger proportion of debt in its capital structure compared to equity. It is essential for investors and stakeholders to monitor this trend closely, as it could impact the company's ability to meet its debt obligations and its overall financial stability.