Approach Resources Balance Sheet - Annual (NASDAQ:AREX)

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$2.46 $0.04 (1.6%) AREX stock closing price Jul 16, 2018 (Closing)

The financial analysis of a company like Approach Resources involves checking the three financial statements of the company in detail, of which the balance sheet is one. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Approach Resources stock analysis. Annual results are typically accompanied with the company releasing financial statements. The Approach Resources balance sheet for 2017 shows total assets of $1.1B. The company has a asset turnover ratio of 0.11. Also see: Approach Resources revenue and Approach Resources operating cash flow for the same year.

View latest 10 year balance sheet data to check Approach Resources financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash----58.76M--23.46M2.68M4.07M
Marketable Securities----------
Receivables9.79M9.63M11.88M19.76M23.02M12.79M10.23M14.36M7.69M22.16M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets6.88M2.83M7.94M40.88M8.62M2.09M1.35M5.82M1.62M8.59M
Total Current Assets
16.7M12.49M20.43M61.07M90.41M15.65M11.38M41.33M12M34.83M
Property Plant & Equipment1.94B1.88B1.86B1.71B1.32B1.03B734.28M475.99M389.33M363.78M
Accumulated Depreciation853.35M783.35M704.86M382.18M275.7M199.08M138.99M106.78M84.84M60.37M
Net Property Plant & Equipment
1.08B1.09B1.15B1.33B1.05B828.46M595.28M369.21M304.48M303.4M
Investment & Advances-----9.89M----
Other Non-Current Assets----------
Deferred Charges----------
Intangibles----------
Deposits & Other Assets---8.68M8.04M1.72M1.22M2.54M2.44M-
Total Assets
1.1B1.1B1.17B1.4B1.15B855.73M607.89M413.08M318.92M338.24M
Notes Payable----------
Accounts Payable9.45M9.48M10.79M33.33M38.57M24.91M12.59M11.42M3.07M13.56M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses8.07M7.81M13.46M50.73M37.91M29.84M24.83M10.68M10.93M12.58M
Income Taxes Payable---14.24M------
Other Current Liabilities7.54M9.07M4.24M8.53M7.94M4.96M6.18M7.12M7.98M4.63M
Total Current Liabilities
25.06M26.36M28.5M106.85M84.44M60.24M43.62M29.24M21.99M30.77M
Mortgages----------
Deferred Taxes/Income82.1M5.61M31.77M110.67M91.88M48.59M46.29M44.61M38.37M35.89M
Convertible Debt----------
Long-Term Debt373.46M498.34M496.58M400M250M106M43.8M-32.31M43.53M
Non-Current Capital Leases----------
Other Long-Term Liabilities11.53M11.27M10.14M9.57M8.66M7.43M6.73M6.28M5.74M4.22M
Total Liabilities
492.16M541.6M567.01M627.1M434.98M222.27M140.44M80.14M98.43M114.42M
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus742.39M586.09M580.62M572.88M565.23M560.46M400.89M273.91M168.99M167.34M
Retained Earnings-135.92M-23.56M26.93M201.04M144.86M72.61M66.22M58.98M51.52M56.75M
Treasury Stock----------
Other Liabilities--------0.23M-0.23M-0.49M
Shareholders Equity607.41M562.95M607.96M774.32M710.49M633.46M467.44M332.94M220.49M223.81M
Total Liabilities & Shareholders Equity1.1B1.1B1.17B1.4B1.15B855.73M607.89M413.08M318.92M338.24M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Approach Resources stock price by looking at Approach Resources historical stock prices. One can compare PE with industry average by looking at the Approach Resources PE ratio chart. The common balance sheet items are:

  • Assets: An asset is a resource that a corporation like Approach Resources owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for AREX stock as of 2017 is $1.1B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Approach Resources is $492.16M. Shareholders' equity comes under liabilities as it is money the company owes the holders of AREX stock.

Approach Resources Balance Sheet - Key Ratios

Current ratio
0.47
Debt to equity ratio
0.62
Asset turnover ratio
0.11
Receivables turnover
11.86
Price to book ratio
0.41