American Resources (American Resources) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is American Resources Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. American Resources's Operating Income for the three months ended in Mar. 2024 was $-6.72 Mil. American Resources's Interest Expense for the three months ended in Mar. 2024 was $-0.25 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for American Resources's Interest Coverage or its related term are showing as below:

AREC's Interest Coverage is not ranked ^*
in the Steel industry.
Industry Median: 6.09
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

American Resources Interest Coverage Historical Data

The historical data trend for American Resources's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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American Resources Interest Coverage Chart

American Resources Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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American Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	-	3.64	-	-

Competitive Comparison of American Resources's Interest Coverage

For the Coking Coal subindustry, American Resources's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

American Resources's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, American Resources's Interest Coverage distribution charts can be found below:

* The bar in red indicates where American Resources's Interest Coverage falls into.

American Resources Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

American Resources's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, American Resources's Interest Expense was $-1.34 Mil. Its Operating Income was $-19.90 Mil. And its Long-Term Debt & Capital Lease Obligation was $52.16 Mil.

American Resources did not have earnings to cover the interest expense.

American Resources's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, American Resources's Interest Expense was $-0.25 Mil. Its Operating Income was $-6.72 Mil. And its Long-Term Debt & Capital Lease Obligation was $198.40 Mil.

American Resources did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

American Resources (NAS:AREC) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

American Resources Interest Coverage Related Terms

Thank you for viewing the detailed overview of American Resources's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

American Resources (American Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » American Resources Corp (NAS:AREC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

12115 Visionary Way, Fishers, IN, USA, 46038

Website

https://www.americanresourcescorp.com

American Resources Corp is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The firm is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. The firm has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated. Its business model provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets.

Executives

Kirk Patrick Taylor	10 percent owner, officer: Chief Financial Officer	8856 SOUTH STREET, FISHERS IN 46038
Mark C. Jensen	director, 10 percent owner, officer: Chief Executive Officer	8856 SOUTH STREET, FISHERS IN 46038
Golden Properties Ltd.	10 percent owner	#500, 1177 WEST HASTINGS STREET, VANCOUVER A1 V6E 2K3
Thomas M. Sauve	director, 10 percent owner, officer: President	8856 SOUTH STREET, FISHERS IN 46038
Gerardine G. Botte	director	12115 VISIONARY WAY, SUITE 174, FISHERS IN 456038
Michael G. Layman	director	7583 WILD MINT COURT, WESTERVILLE OH 43082
Randal V. Stephenson	director	35 EAST 84TH STREET, APT. 4C, NEW YORK NY 10028
Taplin Courtenay O.	director	9370 METCALF ROAD, WAITE HILL OH 44094
Ian Sadler	director	10760 ELDORADO CIRCLE, NOBLESVILLE IN 46060
Tarlis Thompson	officer: Chief Operating Officer	PO BOX 606, FISHERS IN 46038
William D Bishop	director	8856 SOUTH STREET, FISHERS IN 46038
James C New	director	7289 GARDEN RD, SUITE 200, RIVIERA BEACH FL 33404
High Tech Fueling, Service & Distribution, Inc.	other: Corporation with common owners	7135 COLLINS AVENUE, SUITE 624, MIAMI BEACH FL 33141
Goran Antic	10 percent owner	7135 COLLINS AVE NO. 1234, MIAMI BEACH FL 33141
Indrajith Andrew Weeraratne	director, 10 percent owner, officer: Chief Executive Officer	7135 COLLINS AVE NO.624, MIAMI BEACH FL 33141