Approach Resources Balance Sheet - Quarterly (NASDAQ:AREX)

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$2.23 $0.11 (4.7%) AREX stock closing price Aug 13, 2018 (Closing)

The Approach Resources balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Approach Resources stock analysis. A company releases its balance sheet every quarter along with its quarterly results. The balance sheet shows total liabilities of $500.44M and shareholders equity of $591.21M. Approach Resources revenue and Approach Resources operating cash flow are important in understanding the financial capacity of the company.

View and download Approach Resources quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash-------2.7M--
Marketable Securities----------
Receivables10.92M9.71M9.79M8.65M8.51M8.77M9.63M8.17M8M7.49M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets2.83M2.8M6.88M3.32M5.22M1.86M2.83M2.19M3.27M7.87M
Total Current Assets
13.78M12.54M16.7M12M13.91M10.71M12.49M13.07M12.17M16.21M
Property Plant & Equipment1.96B1.95B1.94B1.92B1.91B1.89B1.88B1.87B1.87B1.86B
Accumulated Depreciation885.65M868.92M853.35M837.3M820.65M801.21M783.35M764.06M744.75M724.87M
Net Property Plant & Equipment
1.08B1.08B1.08B1.08B1.09B1.09B1.09B1.11B1.12B1.14B
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges----------
Intangibles----------
Deposits & Other Assets---2.36M2.88M-----
Total Assets
1.09B1.09B1.1B1.09B1.11B1.1B1.1B1.12B1.14B1.16B
Notes Payable----------
Accounts Payable8.25M10.02M9.45M10.39M12.87M6.98M9.48M9.09M10.15M13.76M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses10.89M8.76M8.07M11.51M16.47M12.5M7.81M10.98M10.64M10.97M
Income Taxes Payable----------
Other Current Liabilities10.63M7.86M7.54M7.24M5.19M6.66M9.07M6.41M7.5M3.21M
Total Current Liabilities
29.77M26.65M25.06M29.14M34.53M26.16M26.36M26.5M28.3M27.94M
Mortgages----------
Deferred Taxes/Income78.23M80.49M82.1M135.61M139.8M144.31M5.61M10.93M15.84M24.53M
Convertible Debt----------
Long-Term Debt380.47M374.7M373.46M375.21M370M357.78M498.34M500.01M499.67M495.95M
Non-Current Capital Leases----------
Other Long-Term Liabilities11.97M11.64M11.53M11.86M11.6M11.25M11.27M11.67M11.44M10.79M
Total Liabilities
500.44M493.5M492.16M551.84M555.94M539.52M541.6M549.11M555.27M559.23M
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus742.86M742.61M742.39M724.02M722.69M721.98M586.09M584.88M583.53M582.16M
Retained Earnings-152.44M-143.36M-135.92M-181.73M-173.22M-164.32M-23.56M-11.83M-2.75M13.27M
Treasury Stock----------
Other Liabilities-0.16M---------
Shareholders Equity591.21M600.19M607.41M543.13M550.32M558.5M562.95M573.46M581.18M595.85M
Total Liabilities & Shareholders Equity1.09B1.09B1.1B1.09B1.11B1.1B1.1B1.12B1.14B1.16B
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 2018 Q2 is $1.09B. 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: This item on the balance sheet implies the firm's, in this case Approach Resources's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for AREX stock stand at $500.44M.

Approach Resources Balance Sheet - Key Ratios

Current ratio
0.46
Debt to equity ratio
0.64
Asset turnover ratio
0.11
Receivables turnover
11.89
Price to book ratio
0.36