Sunday 11 October 2026
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American Resources Corporation
AREC Basic Materials Coking Coal
In the quarter to December 2025, revenue grew 84.9%, EPS grew 774.2%, free cash flow fell 100.9% and total debt rose 47.4%, each against the same quarter a year earlier.
1.59
0.06
−3.64%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 4 | 2 | 2 | 5 | 6 | 2 | 5 | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Altman Z-Score |
— | (7.04) | (2.15) | (11.10) | (5.96) | (6.13) | (4.00) | (6.68) | (1.67) | — |
P/S ratio |
0.07 | 0.00 | 1.11 | 0.62 | 54.03 | 12.82 | 2.08 | 9.73 | 2,293.98 | — |
Altman Z″-Score (non-manufacturers) |
(19.24) | (26.92) | (9.68) | (31.12) | (16.21) | (17.29) | (13.81) | (19.66) | (5.36) | — |
P/FCF ratio |
0.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.22 | 0.00 | 35.09 | — |
Beneish M-Score |
— | (4.94) | (3.68) | — | — | (12.58) | 1.44 | (3.81) | — | — |
P/Operating CF |
(1.56) | (0.01) | 49.44 | (2.02) | (4.87) | (8.53) | 5.69 | (31.84) | 3.99 | — |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 288.50 | 0.00 | 0.00 | — |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
EV/Sales |
0.84 | 0.70 | 1.74 | 1.68 | 72.92 | 13.27 | 2.29 | 12.14 | 2,619.55 | — |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
EV/Operating CF |
7.48 | (2.58) | (16.32) | (2.14) | (5.58) | (3.54) | 35.43 | (7.35) | 44.72 | — |
EV/FCF |
9.73 | (2.51) | (15.08) | (2.10) | (5.75) | (3.20) | 4.64 | (6.64) | 40.07 | — |
Quick Ratio |
0.15 | 0.06 | 0.15 | 0.06 | 0.52 | 0.89 | 0.42 | 0.46 | 0.50 | 2.15 |
Current Ratio |
0.15 | 0.08 | 0.16 | 0.07 | 0.54 | 0.93 | 0.47 | 0.48 | 0.56 | 2.19 |
Net Debt/EBITDA |
(0.44) | (1.45) | (2.51) | (0.56) | (1.47) | (0.14) | (0.51) | (0.87) | (0.79) | 4.89 |
Debt/Assets |
46.35% | 90.39% | 53.40% | 73.55% | 79.73% | 35.04% | 34.09% | 98.49% | 4.21% | 10.35% |
Debt/Equity |
(0.34) | (0.40) | (2.40) | (0.79) | (1.53) | (6.41) | 66.95 | (1.42) | (0.15) | 0.19 |
Asset Turnover |
0.75 | 1.14 | 1.09 | 0.64 | 0.03 | 0.19 | 0.80 | 0.20 | 0.00 | 0.00 |
Operating CF/Net income |
0.26 | 0.43 | 0.26 | 0.27 | 1.35 | 0.90 | (1.76) | 0.51 | (0.05) | (0.19) |
Capex/Depreciation |
(0.02) | (0.07) | (0.04) | (0.02) | 0.15 | (0.95) | 4.80 | (0.58) | 1.87 | (0.30) |
Interest Coverage |
(77.05) | (22.52) | (8.92) | (20.61) | (4.86) | (6.81) | (13.66) | (18.30) | (9.34) | (6.41) |
| 160.58% | 40.17% | 56.18% | 338.48% | 38.91% | 290.85% | 140.31% | 172.30% | 62.13% | 903.06% | |
| (217.41%) | (71.04%) | (45.18%) | (185.18%) | (27.85%) | (79.97%) | (2.93%) | (63.87%) | (22.59%) | 24.60% | |
ROIC |
0.00% | 0.00% | (67.82%) | 0.00% | (160,619.14%) | (1,492.99%) | (143.78%) | 0.00% | 0.00% | (18.36%) |
Return on Tangible Assets |
235.83% | 55.10% | (125.20%) | 500.86% | (80.24%) | (150.03%) | 26.04% | 194.48% | 53.38% | 75.70% |
Average Days of Receivables |
141.79 | 33.32 | 19.20 | 39.65 | 94.00 | 149.46 | 6.11 | 22.88 | 874,041.20 | 0.00 |
Research and Development Expense of Revenue |
23.16% | 32.90% | 12.10% | 29.56% | 377.36% | 233.37% | 71.27% | 95.70% | 1,275.07% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.13% | 6.62% | 19.59% | 20.89% | 234.67% | 50.09% | 10.19% | 90.26% | 33,481.52% | 0.00% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.17% | 0.24% | 2.48% | 9.33% | 1.77% | 0.13% | 0.10% | 32.71% | 11,346.33% | 0.00% |
Graham Net Nets |
(56.04) | (1,281.07) | (1.32) | (4.27) | (0.82) | (0.30) | (0.52) | (0.63) | (3.46) | — |
Graham Number |
0.00 | 129.50 | 15.11 | 9.18 | 2.30 | 0.76 | 0.00 | 2.63 | 3.43 | — |
Earnings Yield |
(824.25%) | (31,783.80%) | (38.76%) | (438.10%) | (17.71%) | (33.33%) | (1.63%) | (33.52%) | (49.53%) | — |
Free Cash Flow Yield |
116.04% | (14,684.50%) | (10.36%) | (128.69%) | (23.46%) | (32.35%) | 23.69% | (18.79%) | 2.85% | — |
Revenue per Share |
0.00 | 26.28 | 8.97 | 1.02 | 0.04 | 0.14 | 0.59 | 0.16 | 0.00 | 0.00 |
Operating CF per Share |
0.00 | (7.12) | (0.96) | (0.80) | (0.47) | (0.53) | 0.04 | (0.26) | 0.03 | (0.12) |
Capex per Share |
0.00 | (0.22) | (0.04) | (0.01) | 0.01 | (0.06) | 0.25 | (0.03) | 0.00 | 0.00 |
Free Cash Flow per Share |
0.00 | (7.34) | (1.00) | (0.81) | (0.46) | (0.58) | 0.29 | (0.29) | 0.03 | (0.12) |
Cash per Share |
0.00 | 0.24 | 0.65 | 0.00 | 0.36 | 0.21 | 0.16 | 0.47 | 0.01 | 0.83 |
Shareholders Equity per Share |
0.00 | (46.90) | (2.62) | (1.36) | (0.68) | (0.04) | 0.00 | (0.60) | (1.05) | 1.07 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.00 | (46.90) | (2.62) | (1.36) | (0.68) | (0.04) | 0.00 | (0.60) | (1.05) | 1.07 |
Free Cash Flow |
(5.85) | (5.82) | (3.50) | (19.53) | (13.43) | (32.16) | 19.46 | (21.61) | 2.22 | (10.45) |
Working Capital |
(21.47) | (32.72) | (22.17) | (41.83) | (9.72) | (1.24) | (14.67) | (40.47) | (73.50) | 73.05 |
Capital Expenditures |
(0.03) | (0.17) | (0.13) | (0.33) | 0.42 | (3.07) | 16.91 | (2.09) | 0.23 | (0.04) |
Net Current Asset Value |
(44.04) | (50.76) | (46.30) | (64.76) | (47.20) | (29.92) | (42.86) | (71.93) | (269.67) | 58.55 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Capex to Sales |
0.00 | 0.01 | 0.00 | 0.01 | (0.39) | 0.40 | (0.43) | 0.18 | (6.77) | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.19 | 0.28 | 0.11 | 0.50 | 0.12 | 0.14 | 0.39 | 0.17 | 0.54 | 0.86 |
Cash ROIC |
33.77% | 26.15% | (23.05%) | 287.63% | (63.22%) | (133.05%) | 64.39% | (40.05%) | (3.26%) | (5.71%) |
Accounts Receivable Turnover |
5.14 | 8.58 | 17.72 | 11.34 | 0.72 | 4.50 | 20.58 | 16.86 | 0.00 | 0.00 |
Accounts Payable Turnover |
2.37 | 4.33 | 3.58 | 2.56 | 0.36 | 0.79 | 2.08 | 0.74 | 0.04 | 0.01 |
Inventory Turnover |
1,792.34 | 52.72 | 64.17 | 76.79 | 11.26 | 0.00 | 72.63 | 26.27 | 0.97 | 0.00 |
Average Days of Payables |
89.44 | 119.71 | 125.54 | 164.58 | 858.47 | 470.03 | 197.51 | 421.77 | 14,222.21 | 63,774.17 |
Days of Inventory on Hand |
0.20 | 13.74 | 2.39 | 7.21 | 14.65 | 0.00 | 7.52 | 6.26 | 660.01 | 0.00 |
Average Receivables |
1.48 | 2.43 | 1.78 | 2.16 | 1.47 | 1.72 | 1.92 | 0.70 | 41.20 | 70.56 |
Average Payables |
3.78 | 3.78 | 6.98 | 10.18 | 10.29 | 8.97 | 10.43 | 10.24 | 14.72 | 37.13 |
Average Inventory |
0.01 | 0.31 | 0.39 | 0.34 | 0.33 | — | 0.30 | 0.29 | 0.55 | — |
Average Assets |
10.19 | 18.28 | 28.83 | 38.30 | 36.82 | 40.64 | 49.39 | 60.32 | 173.19 | 225.28 |
Average Common Equity |
(13.79) | (32.34) | (23.18) | (20.95) | (26.36) | (11.18) | (1.03) | (22.36) | (62.96) | 6.14 |
Columns are period end dates · fundamentals updated 28 Sep 2026