American Resources Corp financial data

Symbol
AREC on Nasdaq, ARECW on OTC
Industry
Silver Ores
Location
12115 Visionary Way, Suite 174, Fishers, Indiana
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
Q1 2024 - May 22, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 42.4 % -14.9%
Quick Ratio 4.61 %
Debt-to-equity 943 %
Return On Equity -287 % +79%
Return On Assets 11.4 % +16.8%
Operating Margin -189 % -309%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 77.4 M shares -1.05%
Common Stock, Shares, Outstanding 77.3 M shares +1.44%
Entity Public Float 131 M USD +69.2%
Common Stock, Value, Issued 7.73 K USD +1.44%
Weighted Average Number of Shares Outstanding, Basic 75.4 M shares +12.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 7.97 M USD -79.7%
Cost of Revenue 21.7 M USD +206%
General and Administrative Expense 7.75 M USD +79.5%
Operating Income (Loss) -15.1 M USD +17%
Nonoperating Income (Expense) 5.99 M USD
Net Income (Loss) Attributable to Parent 14.6 M USD +231%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 4.89 M USD -83.2%
Accounts Receivable, after Allowance for Credit Loss, Current 0 USD -100%
Inventory, Net 130 K USD -95.6%
Assets, Current 4.82 M USD -16.2%
Property, Plant and Equipment, Net 11.2 M USD +20.4%
Operating Lease, Right-of-Use Asset 530 K USD -13.5%
Other Assets, Noncurrent 91.3 M USD
Assets 216 M USD +337%
Accounts Payable, Current 4.33 M USD +30.4%
Accrued Liabilities, Current 146 K USD +32%
Liabilities, Current 16 M USD -26.9%
Operating Lease, Liability, Noncurrent 480 K USD -92.8%
Liabilities 236 M USD +460%
Retained Earnings (Accumulated Deficit) -185 M USD -8.56%
Stockholders' Equity Attributable to Parent 224 K USD -21.4%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -19.8 M USD -369%
Liabilities and Equity 216 M USD +337%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -8.13 M USD -10.7%
Net Cash Provided by (Used in) Financing Activities 147 M USD
Net Cash Provided by (Used in) Investing Activities 3.8 M USD +293%
Common Stock, Shares Authorized 230 M shares 0%
Common Stock, Shares, Issued 77.3 M shares +1.44%
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 -8.57 M USD -36.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 180 M USD +7329%
Interest Paid, Excluding Capitalized Interest, Operating Activities 64.1 K USD +1620%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 1.83 M USD +430%
Operating Lease, Liability 57.7 K USD -30.2%
Depreciation 55.7 K USD -96.4%
Payments to Acquire Property, Plant, and Equipment 509 K USD -29.8%
Property, Plant and Equipment, Gross 22.9 M USD
Operating Lease, Liability, Current 59.7 K USD -98.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 71.8 K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 80.9 K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.11 pure 0%
Lessee, Operating Lease, Liability, to be Paid, Year Three 59.7 K USD
Deferred Tax Assets, Operating Loss Carryforwards 25.7 M USD +7.67%
Lessee, Operating Lease, Liability, to be Paid, Year Four 68.4 K USD
Additional Paid in Capital 165 M USD -7.07%
Operating Leases, Future Minimum Payments, Due in Two Years 5.17 M USD
Amortization of Intangible Assets 1.24 M USD +0.16%
Depreciation, Depletion and Amortization 32.5 K USD +144%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 4.76 M USD
Share-based Payment Arrangement, Expense 1.31 M USD +13%
Operating Leases, Future Minimum Payments, Due in Three Years 1.77 M USD
Operating Leases, Future Minimum Payments Due 11.5 M USD
Interest Expense 1.01 M USD -37.6%