American Resources (AREC) Balance Sheet: Assets & Liabilities

American Resources (AREC) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), American Resources reported total assets of $168.91M and total liabilities of $75.72M. Shareholders' equity was $94.78M. Total debt stood at $8.08M against $72.17M in cash and short-term investments, a net cash position of $64.10M. That puts debt-to-equity at 0.09.

American Resources Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for American Resources Corporation (AREC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	31.70	0.60	1.32	10.87	11.49	10.62	0.00	2.29	0.19
Short-Term Investments	40.47	0.59	1.35	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	72.17	1.19	2.67	10.87	11.49	10.62	0.00	2.29	0.19
Accounts Receivable	59.46	1.17	0.74	0.66	3.18	0.27	2.66	1.66	1.90
Inventory	0.00	0.96	0.13	0.45	0.00	0.15	0.52	0.16	0.62
Other Current Assets	2.64	8.00	34.26	0.79	0.62	0.18	0.00	0.15	0.00
Total Current Assets	134.26	11.33	37.80	12.77	15.30	11.22	3.18	4.26	2.70
Non-Current Assets
Property, Plant & Equipment (Net)	0.14	39.29	21.55	22.15	23.63	22.50	27.67	32.57	11.12
Long-Term Investments	32.36	1.71	3.86	18.78	2.85	0.00	4.38	4.53	4.44
Intangible Assets	0.00	0.00	0.00	0.00	0.45	0.00	0.00	0.00	0.00
Other Non-Current Assets	2.14	152.69	1.52	2.22	1.10	4.70	0.00	0.00	0.00
Total Non-Current Assets	34.64	193.69	26.92	43.15	27.57	27.20	32.05	37.10	15.56
Total Assets	168.91	205.01	64.73	55.92	42.87	38.42	35.23	41.36	18.26
Current Liabilities
Accounts Payable	52.70	4.25	8.75	4.92	9.20	4.29	11.04	8.12	5.36
Short-Term Debt	5.74	46.90	45.68	15.59	9.17	11.07	28.05	14.31	9.65
Current Portion of Long-Term Debt	4.35	45.71	45.68	11.70	5.86	11.00	-	-	-
Accrued Liabilities	2.29	17.08	14.90	0.11	1.33	1.04	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.34
Other Current Liabilities	2.77	33.66	8.85	6.93	1.95	5.57	5.92	4.00	20.42
Total Current Liabilities	61.21	84.80	78.27	27.43	16.54	20.93	45.01	26.43	35.42
Non-Current Liabilities
Long-Term Debt	2.34	173.62	0.49	7.90	9.17	19.63	5.42	7.92	5.08
Other Non-Current Liabilities	12.17	28.50	30.12	20.30	18.95	17.86	17.51	16.21	17.85
Total Non-Current Liabilities	14.51	202.12	31.46	28.20	19.50	37.49	22.93	24.13	22.93
Total Liabilities	75.72	286.92	109.73	55.63	45.22	58.42	67.93	50.56	58.36
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Retained Earnings	-210.36	-266.76	-225.29	-167.24	-165.79	-133.29	-123.03	-52.12	-42.02
Additional Paid-in Capital	305.12	186.41	181.75	167.52	163.44	113.28	90.33	42.91	1.53
Minority Interest	-1.59	-1.56	-1.47	0.00	0.00	0.00	0.00	0.00	0.40
Shares Outstanding	106.92	78.02	76.25	66.78	65.08	-	-	-	-
Total Stockholders' Equity	94.78	-80.35	-45.01	0.28	-2.35	-20.01	-32.70	-9.20	-40.49
Total Liabilities & Equity	168.91	205.01	64.73	55.92	42.87	38.42	35.23	41.36	18.26

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About American Resources Balance Sheet

How much debt does American Resources have?

American Resources had total debt of $8.08M as of Dec 31, 2025, against $72.17M in cash and short-term investments. Its debt-to-equity ratio was 0.09. Total debt was $220.51M a year earlier.

What are American Resources's total assets?

American Resources reported total assets of $168.91M as of Dec 31, 2025, down 17.6% from $205.01M a year earlier. Total liabilities were $75.72M.

What is American Resources's shareholders' equity?

American Resources's shareholders' equity was $94.78M as of Dec 31, 2025, or about $0.89 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition