Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| American Resources Corp.AREC · energy | |
|---|---|
| Grade | Nonecomputable_factors_below_threshold: 4 of 14 inputs computable; 7 are required |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $168.9M[1] |
| Standard universe | outsiderevenue above $1M and assets above $10M[1-2] |
| Warnings | late filer, thin data, degenerate inputsnot computable: dilution, short runway, distress |
| Inputs computable | 4 of 14 |
| Graded from | filings received through May 20, 2026142 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $1.652026-10-08; market equity $176.5M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received May 20, 2026; the document on sec.gov.
When we formed our company, our focus was to (i) construct and/or purchase and manage a chain of combined gasoline, diesel and natural gas (NG) fueling and service stations (initially, in the Miami, FL area); (ii) construct conversion factories to convert NG to liquefied natural gas (LNG) and compressed natural gas (CNG); and (iii) construct conversion factories to retrofit vehicles currently using gasoline or diesel fuel to also run on NG in the United States and also to build a convenience store to serve our customers in each of our locations. On January 5, 2017, American Resources Corporation (ARC) executed a Share Exchange Agreement between the Company and Quest Energy Inc.
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 100.0 | |||||||
| Gross profitability | not computable | 17.5% | |||||
| latest aligned inputs end 2022-12-31; latest annual assets end 2025-12-31 | |||||||
| Return on invested capital | not computable | 6.0% | |||||
| required facts have no common fiscal period end | |||||||
| Accruals ratio | 29.2% | [1,3-5] | (5.0%) | 100.0 | 271 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 4.6 pts | |||||
| latest aligned inputs end 2022-12-31; latest annual assets end 2025-12-31 | |||||||
| Solvency, sleeve percentile 44.1 | |||||||
| Twelve-month failure probability | not computable | 0.06% | |||||
| liabilities and a nearby cover-page share count are required at 2025-06-30 | |||||||
| Altman Z double-prime | (0.36) | [1,6-11] | 1.48 | 76.8 | 152 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 3.63x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 2.37x | |||||
| latest aligned inputs end 2024-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 2.19x | [6-7] | 0.97x | 11.4 | 282 | 2025-12-31 | |
| Growth and financing, sleeve percentile 3.3 | |||||||
| Revenue growth, three-year compound | not computable | 0.7% | |||||
| current value must be positive and the base must exceed $100,000 | |||||||
| Free cash flow growth, three-year compound | not computable | (11.8%) | |||||
| four consecutive annual FCF observations are required; found 4 | |||||||
| Reinvestment rate | not computable | 59.0% | |||||
| required facts have no common fiscal period end | |||||||
| Asset growth, three years | 44.6% | [1,5,12-13] | 6.4% | 3.3 | 246 | 2025-12-31 | |
| Net share issuance, one year | not computable | 0.4% | |||||
| prior share count is 214 days earlier | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (11.2%) | 15.5% | 11 | hotter than 11 of 100 peers |
| Distance from 52-week high | (75.8%) | (15.4%) | 3 | closer to its high than 3 of 100 peers |
| EBIT to enterprise value | (7.1%) | 4.6% | 9 | pricier than 91 of 100 peers |
| Free cash flow yield | (12.6%) | 1.3% | 9 | pricier than 91 of 100 peers |
| Book value to price | 0.54 | 0.53 | 52 | pricier than 48 of 100 peers |
| Sales to price | 0.00 | 0.45 | 0 | pricier than 100 of 100 peers |
| Composite equity issuance, five years | 72.9% | (7.2%) | 93 | more equity-funded than 93 of 100 peers |
| Relative strength against the sector, log excess return | (0.49) | 0.04 | 5 | ahead of 5 of 100 peers |
Inputs: market equity $176.5M; EBIT -$11.3M; free cash flow -$22.3M; book equity $94.8M; sales $0; debt $14.3M; cash $31.7M[14].
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 19.7% | ✓ pass[3,5] |
| Operating cash flow above zero | -$10.4M | ✗ fail[4] |
| Return on assets improved | 80.2 pts | ✓ pass[3,5,12,15] |
| Operating cash flow exceeds net income | -$65.8M | ✗ fail[3-4] |
| Long-term leverage fell | n/a[1,5,12,16] | |
| Current ratio improved | 163.5 pts | ✓ pass[6-7,17-18] |
| No new shares issued | n/a[14,19] | |
| Gross margin improved | n/a | |
| Asset turnover improved | (0.1 pts) | ✗ fail[2,5,12,20] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[4,21-25] |
| Months of runway | not finite |
| the four latest operating-cash-flow quarters are not consecutive | |
| Late filings, two years | 6 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 142 |
| 10-K received May 20, 2026 | |
| Median daily dollar volume | $3.5M |
| 63 sessions | |
| Days since newest grade input | 142 |
|
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $168.9M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $0 | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 3 | net income | us-gaap:NetIncomeLoss | $55.4M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 4 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | -$10.4M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 5 | assets | us-gaap:Assets | $281.7M | 2024-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 6 | current assets | us-gaap:AssetsCurrent | $134.3M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 7 | current liabilities | us-gaap:LiabilitiesCurrent | $61.2M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 8 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$210.4M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 9 | operating income | us-gaap:OperatingIncomeLoss | -$11.3M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 10 | book equity | us-gaap:StockholdersEquity | $94.8M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 11 | liabilities | us-gaap:Liabilities | $75.7M | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 12 | assets | us-gaap:Assets | $64.7M | 2023-12-31 | 2025-10-24 | 10-K/A | filing · viewer · series |
| 13 | assets | us-gaap:Assets | $55.9M | 2022-12-31 | 2024-04-15 | 10-K | filing · viewer · series |
| 14 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 106,971,272 | 2026-05-19 | 2026-05-20 | 10-K | filing · viewer · series |
| 15 | net income | us-gaap:NetIncomeLoss | -$39.2M | 2024-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 16 | long term debt | us-gaap:LongTermDebtNoncurrent | $965,286 | 2025-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $92.9M | 2024-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $166.4M | 2024-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 19 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 100,869,137 | 2025-10-17 | 2025-10-24 | 10-K/A | filing · viewer · series |
| 20 | revenue | us-gaap:Revenues | $34,070 | 2024-12-31 | 2026-05-20 | 10-K | filing · viewer · series |
| 21 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$9.4M | 2025-09-30 | 2025-11-17 | 10-Q/A | filing · viewer · series |
| 22 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.4M | 2025-03-31 | 2025-10-24 | 10-Q/A | filing · viewer · series |
| 23 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$21.2M | 2024-12-31 | 2025-10-24 | 10-K/A | filing · viewer · series |
| 24 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$17.5M | 2024-09-30 | 2025-11-17 | 10-Q/A | filing · viewer · series |
| 25 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$13.2M | 2024-06-30 | 2024-08-19 | 10-Q | filing · viewer · series |
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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