American Resources Corporation Financial Ratios — AREC Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2014	09/30/2015	09/30/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	-134.98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-68.44	-116.96	-156.52	-43.3	-185.18	-27.85	-79.97	-2.93	-63.87	-22.59	24.6
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	3.54	45.06	-2.39	10.65	-23.82	-381.96	-8.25	35.47	10.59	-1,492.4	- -
EBITDA Margin (%)	- -	-595.59	-184.7	-53.85	-29.7	-107.91	-1,288.34	-323.74	-51.86	-197.01	-41,372.95	- -
Operating Margin (%)	- -	-643.91	-210.84	-66.13	-39.03	-133.43	-1,552.09	-365.34	-60.79	-227.01	-41,734.72	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-10,656.78
Pretax Margin (%)	- -	-677.56	-488.29	-67.36	-40.47	-289.73	-967.81	-419.12	-3.66	-327.57	-46,848.14	- -
Profit Margin (%)	- -	-680.07	-487.28	-69.01	-40.95	-289.73	-967.81	-419.12	-3.66	-325.9	-114,811.14	- -
Net Income to Common Margin (%)	- -	-680.07	-487.28	-69.27	-41.31	-289.73	-967.81	-419.12	-3.66	-325.9	-114,811.14	- -
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	0.39	0.9	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-134.98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

Credit Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2014	09/30/2015	09/30/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	15	22	33	31	16	23	47	3	4
ST Debt	- -	- -	- -	10	14	28	11	6	16	46	1	1
LT Debt	- -	- -	- -	5	8	5	20	10	8	1	2	2
Total Debt/EBITDA	- -	-0.05	-0.18	-1.31	-2.37	-1.27	-2.25	-0.63	-1.15	-2.02	-0.18	-0.36
Net Debt/EBITDA	0.97	0.19	- -	-1.3	-2.13	-1.27	-1.47	-0.14	-0.04	-1.93	-14	2.94
Total Debt/EBIT	- -	-0.05	-0.16	-1.07	-1.81	-1.02	-1.87	-0.55	-0.98	-1.76	-0.18	-0.35
Net Debt/EBIT	0.97	0.17	- -	-1.06	-1.62	-1.02	-1.22	-0.12	-0.03	-1.67	-13.88	2.9
EBITDA to Interest Expense	- -	- -	- -	-10.82	-4.78	-2.48	-4.02	-6.02	-14.35	-11.72	-9.26	-5.93
EBITDA-CapEx/Interest Expense	- -	- -	- -	-10.99	-4.85	-2.51	-4.02	-6.02	-14.35	-13.53	-9.96	-5.95
EBIT to Interest Expense	- -	- -	- -	-13.29	-6.28	-3.07	-4.84	-6.8	-16.83	-13.5	-9.34	-6
Interest Expense	- -	- -	- -	1	2	11	3	4	1	2	2	2
Common Equity/Total Assets	97.28	46.16	-147.28	-221.71	-22.24	-92.83	-52.08	-5.47	0.51	-67.26	-28.17	56.11
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	2,775.82	23,303.26	- -	2.51
Long-Term Debt/Capital (%)	- -	- -	- -	-20.03	60.77	714.92	183.51	72.63	33.23	63.77	-2.33	2.42
Long-Term Debt/Total Assets (%)	- -	- -	- -	27.82	19.14	15.37	51.1	22.67	14.13	2.06	0.65	1.39
Total Debt/Equity (%)	- -	1.75	-69.9	-36.73	-241.64	-102.32	-153.47	-670.44	8,252.11	-104.66	-3.2	4
Total Debt/Capital (%)	- -	1.72	-232.27	-58.06	170.6	4,417.62	287	117.53	98.8	2,248.22	-3.31	3.85
Total Debt/Total Assets (%)	- -	1.64	51.56	80.64	53.74	94.98	79.92	36.68	42.02	72.77	0.92	2.21
Net Debt to Equity	-77.13	-6.54	-1.7	-36.27	-216.72	-102.31	-100.4	-150.57	292.06	-99.64	-243.9	-32.98
Net Debt/Capital (%)	-337.2	-6.99	-1.73	-56.9	185.68	4,436.65	24,996.09	187.21	6.44	5,777.67	-251.32	-47.13
EBITDA	- -	- -	- -	-11	-9	-26	-14	-25	-20	-23	-14	-10
EBITDA-CapEx	- -	- -	- -	-11	-9	-27	-14	-25	-20	-27	-15	-11
Operating Income (Loss)	- -	- -	- -	-14	-12	-33	-16	-28	-24	-27	-14	-11

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2014	09/30/2015	09/30/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	36.79	2.04	0.5	0.01	0.09	- -	0.51	0.7	0.4	0.03	- -	1.18
Current Ratio	36.79	9.46	0.54	0.08	0.16	0.07	0.54	0.93	0.47	0.48	0.56	2.19
Quick Ratio	36.79	2.04	0.51	0.06	0.15	0.06	0.52	0.89	0.42	0.04	0.5	2.15
CFO/Avg Current Liab	- -	-2.47	-0.85	-0.32	-0.11	-0.54	-0.42	-1.55	0.12	-0.37	0.02	-0.09
Common Equity/Total Assets	97.28	46.16	-147.28	-221.71	-22.24	-92.83	-52.08	-5.47	0.51	-67.26	-28.17	56.11
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	2,775.82	23,303.26	- -	2.51
Long-Term Debt/Capital (%)	- -	- -	- -	-20.03	60.77	714.92	183.51	72.63	33.23	63.77	-2.33	2.42
Long-Term Debt/Total Assets (%)	- -	- -	- -	27.82	19.14	15.37	51.1	22.67	14.13	2.06	0.65	1.39
Total Debt/Equity (%)	- -	1.75	-69.9	-36.73	-241.64	-102.32	-153.47	-670.44	8,252.11	-104.66	-3.2	4
Total Debt/Capital (%)	- -	1.72	-232.27	-58.06	170.6	4,417.62	287	117.53	98.8	2,248.22	-3.31	3.85
Total Debt/Total Assets (%)	- -	1.64	51.56	80.64	53.74	94.98	79.92	36.68	42.02	72.77	0.92	2.21
CFO/Total Liabilities	-2,731.73	-128.7	-59.61	-9.67	-6.66	-28.27	-23.7	-64.34	4.58	-17.79	0.55	-13.75
CFO/CapEx	- -	-17.54	-33.48	-32.55	-25.24	-58.69	- -	- -	- -	-5.4	1.88	-279.16
Altman's Z-Score	-2.5	-1.99	-27.78	-6.72	-0.52	-8.53	-5.73	-5.89	-4.26	-6.19	-1.67	0.67

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2014	09/30/2015	09/30/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	133.29	22.24	19.65	13.01	0.86	4.83	20.58	35.78	- -	- -
Days Sales Outstanding	- -	- -	2.74	16.42	18.58	28.06	424.27	75.64	17.74	10.2	436,944.54	- -
Inventory Turnover	- -	28.98	17.76	68.76	72.33	89.22	15.33	111.56	114.05	36.66	1	0.67
Days Inventory Outstanding	- -	12.59	20.56	5.31	5.05	4.09	23.8	3.27	3.2	9.96	366.66	544.96
Accounts Payable Turnover	- -	8.95	6.66	8.17	4.11	3.2	0.62	2.19	6.35	2.47	0.5	-0.4
Accounts Payable Turnover Days	- -	40.78	54.84	44.7	88.77	114.08	590.1	166.78	57.47	147.52	732.53	-923.39
Cash Conversion Cycle	- -	-28.19	-31.55	-22.97	-65.15	-81.93	-142.02	-87.87	-36.53	-127.36	436,578.66	- -
Inventory to Cash Days	- -	-12.59	-17.82	11.11	13.53	23.97	400.47	72.37	14.54	0.24	436,577.89	- -
Inventories	- -	- -	- -	1	- -	1	- -	- -	- -	- -	1	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	1	- -	1	- -	- -	- -	- -	1	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2014	09/30/2015	09/30/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	178	17	79	117	88	114	79	265
- Cash & Cash Equivalents	- -	- -	- -	- -	2	- -	11	11	11	1	- -	32
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	1	- -	- -	- -	- -	- -	- -	- -	-1	-2	-2
+ Total Debt	- -	- -	- -	15	22	33	31	16	23	47	3	4
Enterprise Value	- -	- -	- -	15	198	51	99	121	101	157	79	195
Total Capital	- -	1	- -	-25	13	1	11	13	24	2	-78	97
Total Debt/Capital (%)	- -	1.72	-232.27	-58.06	170.6	4,417.62	287	117.53	98.8	2,248.22	-3.31	3.85
Total Debt / EV	- -	0.04	1.33	0.98	0.11	0.66	0.31	0.13	0.23	0.3	0.03	0.02
EV/Sales	- -	6.73	0.25	0.72	6.27	2.07	93.52	15.65	2.55	13.24	2,319.87	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	25.35	- -	22.5	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	25.35	- -	17.29	- -
Diluted Market Cap	- -	- -	- -	- -	35	15	57	99	88	112	78	- -
Diluted Enterprise Value	- -	- -	- -	15	55	49	77	104	100	157	79	-30
EV per Share	- -	0.5	0.04	16.8	11.12	1.85	2.45	1.87	1.51	2.05	1.01	1.83
TTM Sales	- -	- -	- -	21	32	24	1	8	39	12	- -	- -
TTM EBITDA	- -	- -	- -	-11	-9	-26	-14	-25	-20	-23	-14	-10
TTM Operating Income	- -	- -	- -	-14	-12	-33	-16	-28	-24	-27	-14	-11
TTM Cash Flow to Firm	- -	- -	- -	-5	-1	-9	-10	-25	4	-18	4	-9
TTM Free Cash Flow to Firm	- -	- -	- -	-4	-1	-8	-10	-25	4	-14	5	-9

Multiples (USD)

Valuation Multiples API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2014	09/30/2015	09/30/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	-0.01	-10.87	-0.8	-4.13	-3.42	34.34	-7.07	25.56	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	15	198	51	99	121	101	157	79	195
Low Price	- -	- -	- -	0.05	0.05	0.47	0.32	1.58	1.15	1.04	0.41	0.38
EV/Sales	- -	6.73	0.25	0.72	6.27	2.07	93.52	15.65	2.55	13.24	2,319.87	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	-0.01	-0.93	-1.13	-3.44	-4.77	-92.84	-3.01	-2.15	- -
Price/Earnings High	- -	- -	- -	-0.05	-3.78	-4.14	-14.11	-13.63	-163.3	-4.23	-3.51	- -
Price/Earnings Low	- -	- -	- -	- -	-0.01	-0.16	-0.92	-2.68	-52.75	-2.04	-0.81	- -
Price/Book Value	- -	- -	- -	- -	-19.31	-0.53	-3.95	-49.95	309.62	-2.61	-0.99	2.8
Price/Book Value Average	- -	- -	- -	- -	-6.68	-2.79	-2.43	-77.97	474.71	-2.69	-1.07	1.85
Price/Book Value High	- -	- -	- -	-0.02	-27.03	-10.23	-9.99	-222.55	835.03	-3.78	-1.75	8.02
Price/Book Value Low	- -	- -	- -	- -	-0.1	-0.4	-0.65	-43.84	269.74	-1.82	-0.4	0.43
Price/Tangible Book Value	- -	- -	- -	- -	-19.31	-0.53	-3.95	-49.95	309.62	-2.61	-0.99	2.8
Price/Tangible Book Value Average	- -	- -	- -	- -	-6.68	-2.79	-2.43	-77.97	474.71	-2.69	-1.07	1.85
Price/Tangible Book Value High	- -	- -	- -	-0.02	-27.03	-10.23	-9.99	-222.55	835.03	-3.78	-1.75	8.02
Price/Tangible Book Value Low	- -	- -	- -	- -	-0.1	-0.4	-0.65	-43.84	269.74	-1.82	-0.4	0.43
Price/Sales	- -	- -	- -	- -	1.11	0.62	54.03	12.82	2.22	9.51	2,289.26	- -
Price/Sales Average	- -	- -	- -	- -	0.39	3.28	33.3	20.01	3.4	9.81	2,471.05	- -
Price/Sales High	- -	- -	- -	0.04	1.56	12.01	136.59	57.11	5.98	13.78	4,034.54	- -
Price/Sales Low	- -	- -	- -	- -	0.01	0.46	8.87	11.25	1.93	6.64	929.31	- -
Price/Cash Flow	- -	- -	- -	-0.01	-10.44	-0.79	-4.13	-3.42	34.34	-5.76	39.16	- -
Price/Cash Flow Average	- -	- -	- -	-0.02	-3.61	-4.18	-2.55	-5.33	52.65	-5.94	42.27	- -
Price/Cash Flow High	- -	- -	- -	-0.14	-14.62	-15.3	-10.45	-15.22	92.61	-8.35	69.01	- -
Price/Cash Flow Low	- -	- -	- -	-0.01	-0.05	-0.59	-0.68	-3	29.92	-4.02	15.9	- -
Price/Free Cash Flow Average	- -	- -	- -	-0.02	-3.76	-4.25	-2.55	-5.33	52.65	-7.29	27.6	- -
Price/Free Cash Flow High	- -	- -	- -	-0.14	-15.22	-15.57	-10.45	-15.22	92.61	-10.24	45.06	- -
Price/Free Cash Flow Low	- -	- -	- -	-0.01	-0.05	-0.6	-0.68	-3	29.92	-4.93	10.38	- -
EV/Sales Average	- -	7.55	0.49	0.72	2.58	5.1	64.91	24.12	3.74	13.66	2,520.77	- -
EV/Sales High	- -	7.55	0.49	0.76	8.52	15.03	207.48	67.85	6.34	17.68	4,100.34	- -
EV/Sales Low	- -	7.55	0.49	0.72	0.66	1.9	31.19	13.81	2.27	10.46	963.17	- -
EV/EBITDA Average	0.97	-1.27	-0.27	-1.34	-8.69	-4.72	-5.04	-7.45	-7.22	-6.94	-6.09	-13.91
EV/EBITDA High	0.97	-1.27	-0.27	-1.41	-28.69	-13.93	-16.1	-20.96	-12.23	-8.97	-9.91	-69.82
EV/EBITDA Low	0.97	-1.27	-0.27	-1.34	-2.22	-1.76	-2.42	-4.26	-4.37	-5.31	-2.33	-1.06
EV/EBIT Average	0.97	-1.17	-0.23	-1.09	-6.61	-3.82	-4.18	-6.6	-6.16	-6.02	-6.04	-13.75
EV/EBIT High	0.97	-1.17	-0.23	-1.15	-21.83	-11.26	-13.37	-18.57	-10.43	-7.79	-9.82	-69
EV/EBIT Low	0.97	-1.17	-0.23	-1.09	-1.69	-1.42	-2.01	-3.78	-3.73	-4.61	-2.31	-1.05
Last Price	- -	- -	- -	0.05	10	0.63	1.95	1.8	1.32	1.49	1.01	2.48
High Price	- -	- -	- -	1	14	12.2	4.93	8.02	3.56	2.16	1.78	7.11
Enterprise Value Average	- -	- -	- -	15	81	125	69	187	148	162	86	146
Enterprise Value High	- -	- -	- -	16	269	368	220	526	250	209	140	731
Enterprise Value Low	- -	- -	- -	15	21	46	33	107	89	124	33	11

Shares Outstanding	- -	1	1	1	18	27	41	65	67	76	78	107
Diluted Weighted Avg Shares	- -	1	1	1	4	24	29	55	66	75	77	- -
Basic Weighted Avg Shares	- -	1	1	1	4	24	29	55	66	75	77	- -
Revenue per Share	- -	0.08	0.18	26.28	8.97	1.02	0.04	0.14	0.6	0.16	- -	- -
EBITDA per Share	-0.36	-0.5	-0.33	-14.15	-2.67	-1.1	-0.47	-0.45	-0.31	-0.31	-0.18	- -
Operating Income per Share	-0.36	-0.54	-0.37	-17.38	-3.5	-1.36	-0.56	-0.51	-0.36	-0.36	-0.18	- -
Basic EPS, GAAP	-0.38	-0.58	-0.86	-18.2	-3.71	-2.94	-0.35	-0.59	-0.02	-0.51	-0.51	- -
Basic EPS from Cont Ops	-0.38	-0.57	-0.86	-17.7	-3.63	-2.94	-0.35	-0.59	-0.02	-0.51	-0.21	- -
Diluted EPS, GAAP	-0.38	-0.58	-0.86	-18.2	-3.71	-2.94	-0.35	-0.59	-0.02	-0.51	-0.51	- -
Diluted EPS from Cont Ops	-0.38	-0.57	-0.86	-17.7	-3.63	-2.94	-0.35	-0.59	-0.02	-0.51	-0.21	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.35	-0.12	-0.12	-7.12	-0.96	-0.8	-0.47	-0.53	0.04	-0.26	0.03	- -
Free Cash Flow per Basic Share	-0.35	-0.13	-0.12	-7.34	-1	-0.81	-0.47	-0.53	0.04	-0.31	0.01	- -
Cash & Equivalents per Share	0.47	0.17	0.1	0.21	0.13	- -	0.26	0.18	0.16	0.03	0.01	0.68
Book Value per Share	0.46	0.62	-0.17	-45.39	-0.52	-1.19	-0.49	-0.04	- -	-0.57	-1.02	0.89
Tangible Book Value per Share	0.46	0.05	-0.17	-45.39	-0.52	-1.19	-0.49	-0.04	- -	-0.57	-1.02	0.89

American Resources Corporation

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Per Share Data Items (USD)