Ascent Industries Co. financial data

Symbol
ACNT on Nasdaq
Industry
Steel Pipe & Tubes
Location
1400 16 Th Street, Suite 270, Oak Brook, IL
State of incorporation
Delaware
Fiscal year end
December 31
Former names
SYNALLOY CORP (to 8/9/2022)
Latest financial report
10-Q - Q2 2024 - Aug 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 339 % -15.7%
Quick Ratio 199 % -12.9%
Debt-to-equity 71.5 %
Return On Equity -13 % +12.8%
Return On Assets -7.57 % -4.84%
Operating Margin -16.3 % -51.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 10.1M shares -0.37%
Common Stock, Shares, Outstanding 11.1M shares 0%
Entity Public Float 62.5M USD -36.3%
Common Stock, Value, Issued 11.1M USD 0%
Weighted Average Number of Shares Outstanding, Basic 10.1M shares -0.43%
Weighted Average Number of Shares Outstanding, Diluted 10.1M shares -0.43%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 182M USD -18.5%
Operating Income (Loss) -29.6M USD -23.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -31.3M USD -13.6%
Income Tax Expense (Benefit) -4.83M USD +60.2%
Net Income (Loss) Attributable to Parent -13.2M USD +30.8%
Earnings Per Share, Basic -1.3 USD/shares +30.9%
Earnings Per Share, Diluted -1.33 USD/shares +29.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 3.6M USD +401%
Accounts Receivable, after Allowance for Credit Loss, Current 30.2M USD -14%
Inventory, Net 45.9M USD -38.2%
Assets, Current 85M USD -39.3%
Deferred Income Tax Assets, Net 7.66M USD +11.6%
Operating Lease, Right-of-Use Asset 27.1M USD -5.04%
Intangible Assets, Net (Excluding Goodwill) 7.75M USD -16.2%
Goodwill 0 USD -100%
Other Assets, Noncurrent 3.08M USD +72.6%
Assets 158M USD -31.9%
Accounts Payable, Current 16.8M USD -24.5%
Accrued Liabilities, Current 6.47M USD +17.6%
Liabilities, Current 26.9M USD -21.7%
Deferred Income Tax Liabilities, Net 0 USD -100%
Operating Lease, Liability, Noncurrent 29.1M USD -4.05%
Other Liabilities, Noncurrent 54K USD -15.6%
Liabilities 57.2M USD -51.6%
Retained Earnings (Accumulated Deficit) 52.1M USD -20.2%
Stockholders' Equity Attributable to Parent 101M USD -11.6%
Liabilities and Equity 158M USD -31.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 263K USD -98%
Net Cash Provided by (Used in) Financing Activities -510K USD +96.2%
Net Cash Provided by (Used in) Investing Activities -305K USD +63%
Common Stock, Shares Authorized 24M shares 0%
Common Stock, Shares, Issued 11.1M shares 0%
Common Stock, Par or Stated Value Per Share 1 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -552K USD +45.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3.6M USD +401%
Interest Paid, Excluding Capitalized Interest, Operating Activities 68K USD -93.6%
Deferred Tax Assets, Valuation Allowance 1.64M USD +19.7%
Deferred Tax Assets, Gross 20.1M USD +15.1%
Operating Lease, Liability 30.3M USD -3.59%
Depreciation 6.13M USD +6.31%
Payments to Acquire Property, Plant, and Equipment 305K USD -48%
Lessee, Operating Lease, Liability, to be Paid 49.1M USD -6.98%
Operating Lease, Liability, Current 1.19M USD +9.24%
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.69M USD +0.11%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.67M USD +0.11%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 18.8M USD -12%
Lessee, Operating Lease, Liability, to be Paid, Year Three 3.77M USD +1.67%
Lessee, Operating Lease, Liability, to be Paid, Year Four 3.84M USD +1.99%
Amortization of Intangible Assets 367K USD -2.39%
Deferred Tax Assets, Net of Valuation Allowance 18.4M USD +14.7%
Interest Expense 3.26M USD -5.46%