American Resources Corp financial data

Symbol
AREC on Nasdaq, ARECW on OTC
Industry
Silver Ores
Location
12115 Visionary Way, Suite 174, Fishers, IN
State of incorporation
Florida
Fiscal year end
December 31
Former names
NGFC Equities, Inc. (to 2/15/2017), NATURAL GAS FUELING & CONVERSION INC. (to 5/7/2015)
Latest financial report
10-Q - Q2 2024 - Aug 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 81.3 % +93.9%
Quick Ratio 6.3 % +12.1%
Debt-to-equity 943 %
Return On Equity 44.2 % -97.5%
Return On Assets 6.07 %
Operating Margin -238 % -183%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 77.4M shares -1.08%
Common Stock, Shares, Outstanding 77.4M shares +1.58%
Entity Public Float 131M USD +69.2%
Common Stock, Value, Issued 7.74K USD +1.57%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 7.97M USD -79.7%
Cost of Revenue 12.4M USD +504%
General and Administrative Expense 9.51M USD +109%
Operating Income (Loss) -14.3M USD +32.3%
Nonoperating Income (Expense) 5.99M USD
Net Income (Loss) Attributable to Parent 9.23M USD +15.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 554K USD
Accounts Receivable, after Allowance for Credit Loss, Current 0 USD -100%
Inventory, Net 2.03M USD +185%
Assets, Current 4.45M USD -30.3%
Property, Plant and Equipment, Net 42.4M USD +369%
Operating Lease, Right-of-Use Asset 530K USD -13.5%
Other Assets, Noncurrent 91.3M USD
Assets 196M USD +95.4%
Accounts Payable, Current 4.33M USD +30.4%
Accrued Liabilities, Current 496K USD +247%
Liabilities, Current 19.3M USD +18.9%
Operating Lease, Liability, Noncurrent 612K USD -93.1%
Liabilities 241M USD +170%
Retained Earnings (Accumulated Deficit) -226M USD -35.1%
Stockholders' Equity Attributable to Parent -44.1M USD -511%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -45.6M USD -127%
Liabilities and Equity 196M USD +95.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -8.13M USD -10.7%
Net Cash Provided by (Used in) Financing Activities 147M USD
Net Cash Provided by (Used in) Investing Activities 3.8M USD +293%
Common Stock, Shares Authorized 230M shares 0%
Common Stock, Shares, Issued 77.4M shares +1.58%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -8.57M USD -36.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 170M USD +229%
Interest Paid, Excluding Capitalized Interest, Operating Activities 64.1K USD +1620%
Deferred Tax Assets, Gross 1.83M USD +430%
Operating Lease, Liability 57.7K USD -30.2%
Depreciation 567K USD -38.6%
Payments to Acquire Property, Plant, and Equipment 509K USD -29.8%
Property, Plant and Equipment, Gross 22.9M USD
Operating Lease, Liability, Current 57.3K USD -98.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two 71.8K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 80.9K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.11 pure 0%
Lessee, Operating Lease, Liability, to be Paid, Year Three 59.7K USD
Deferred Tax Assets, Operating Loss Carryforwards 25.7M USD +7.67%
Lessee, Operating Lease, Liability, to be Paid, Year Four 68.4K USD
Additional Paid in Capital 182M USD +2.22%
Operating Leases, Future Minimum Payments, Due in Two Years 5.17M USD
Amortization of Intangible Assets 1.24M USD +0.16%
Depreciation, Depletion and Amortization 32.5K USD +144%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 4.76M USD
Share-based Payment Arrangement, Expense 1.52M USD -22.6%
Operating Leases, Future Minimum Payments, Due in Three Years 1.77M USD
Operating Leases, Future Minimum Payments Due 11.5M USD
Interest Expense 1.26M USD -16.6%