Atlas Resources Balance Sheet Health
Financial Health criteria checks 4/6
Atlas Resources has a total shareholder equity of $66.9M and total debt of $93.2M, which brings its debt-to-equity ratio to 139.3%. Its total assets and total liabilities are $592.5M and $525.6M respectively. Atlas Resources's EBIT is $7.3M making its interest coverage ratio 1.7. It has cash and short-term investments of $8.4M.
Key information
139.3%
Debt to equity ratio
US$93.15m
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$8.35m |
| Equity | US$66.86m |
| Total liabilities | US$525.64m |
| Total assets | US$592.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARII's short term assets ($266.4M) do not cover its short term liabilities ($368.4M).
Long Term Liabilities: ARII's short term assets ($266.4M) exceed its long term liabilities ($157.2M).
Debt to Equity History and Analysis
Debt Level: ARII's net debt to equity ratio (126.8%) is considered high.
Reducing Debt: ARII's debt to equity ratio has reduced from 188.1% to 139.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ARII has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ARII is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.4% per year.