Alpha Metallurgical Resources, Inc. (AMR) Balance Sheet
AMR balance sheet, 2025
December 31, 2025 · U.S. dollars$2.28B assets = $735.1M liabilities + $1.55B equity
Both columns are drawn to the same scale: what AMR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AMR financial health
Descriptive bands, not a rating. Fiscal 2025.
AMR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $946.8M2016 | $2.28B2025 | +10.3%/yr | |
| Total liabilities | $909.5M2016 | $735.1M2025 | −2.3%/yr | |
| Shareholders’ equity | $37.2M2016 | $1.55B2025 | +51.3%/yr | |
| Cash & short-term investments | $127.9M2016 | $415.6M2025 | +14.0%/yr | |
| Total debt | $349.2M2016 | $23.4M2025 | −25.9%/yr | |
| Net cash (debt) | −$221.2M2016 | $392.2M2025 | +$613.4M | |
| Working capital | $206.6M2016 | $712.8M2025 | +$506.2M | |
| Book value per share | $3.612016 | $118.922025 | +47.4%/yr | |
| Current ratio | 1.952016 | 4.472025 | +2.52 | |
| Debt / equity | 9.382016 | 0.022025 | −9.36 | |
| Shares outstanding | 10.3M2016 | 13.0M2025 | +2.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AMR assets
AMR liabilities and equity
AMR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AMR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $415.6M | $481.6M | $268.2M | $348.0M | $81.2M | $139.2M | $212.8M | $233.6M | $141.9M | $127.9M |
| Cash & equivalents | $366.0M | $481.6M | $268.2M | $301.9M | $81.2M | $139.2M | $212.8M | $233.6M | $141.9M | $127.9M |
| Short-term investments | $49.6M | $0 | $32,000 | $46.1M | $0 | $47,000 | $689,000 | $16.2M | $12.4M | — |
| Receivables | $278.6M | $362.1M | $509.7M | $407.2M | $489.2M | $223.5M | $244.7M | $292.6M | $127.3M | $169.5M |
| Inventory | $193.0M | $169.3M | $231.3M | $200.6M | $129.4M | $108.1M | $162.7M | $122.0M | $69.6M | $75.4M |
| Other current assets | $31.1M | $23.7M | $39.1M | $158.7M | $48.2M | $39.4M | $91.4M | $181.4M | $124.3M | $52.4M |
| Total current assets | $918.3M | $1.04B | $1.05B | $1.11B | $748.0M | $510.1M | $711.5M | $829.6M | $463.2M | $425.2M |
| Property, plant & equipment (net) | $1.04B | $1.08B | $1.04B | $893.7M | $806.5M | $826.9M | $1.11B | $1.23B | $196.6M | $317.0M |
| Goodwill & intangible assets | $45.6M | $51.0M | $57.7M | $65.8M | $74.2M | $88.2M | $125.1M | $250.2M | $18.5M | $87.1M |
| Long-term investments | $53.9M | $41.1M | $31.7M | $23.1M | $20.5M | $18.4M | $18.4M | $15.2M | $0 | $0 |
| Other non-current assets | $218.7M | $231.6M | $228.2M | $215.4M | $208.5M | $236.5M | $341.4M | $422.8M | $158.4M | $117.4M |
| Total assets | $2.28B | $2.44B | $2.41B | $2.31B | $1.86B | $1.68B | $2.30B | $2.75B | $836.6M | $946.8M |
| Liabilities | ||||||||||
| Accounts payable | $66.2M | $96.6M | $128.8M | $106.0M | $90.1M | $58.4M | $82.7M | $114.6M | $76.3M | $80.8M |
| Short-term debt | $4.3M | $2.9M | $3.6M | $3.1M | $3.0M | $28.8M | $27.0M | $42.7M | $25.8M | $28.8M |
| Deferred revenue | — | — | $2.3M | $11.4M | $317,000 | $13.2M | $154.3M | $147.3M | $200,000 | $12.3M |
| Total current liabilities | $205.5M | $251.1M | $309.9M | $402.6M | $295.9M | $259.1M | $315.2M | $355.2M | $242.2M | $218.6M |
| Long-term debt | $9.8M | $2.9M | $6.8M | $7.9M | $445.6M | $553.7M | $564.5M | $545.3M | $362.0M | $346.8M |
| Lease obligations | — | — | — | — | — | — | $1.8M | — | — | — |
| Other long-term liabilities | $519.8M | $535.2M | $515.4M | $472.2M | $569.3M | $667.2M | $727.1M | $774.4M | $139.8M | $344.1M |
| Total liabilities | $735.1M | $789.2M | $832.1M | $882.7M | $1.31B | $1.48B | $1.61B | $1.67B | $744.0M | $909.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $224,000 | $224,000 | $221,000 | $217,000 | $208,000 | $206,000 | $205,000 | $202,000 | $108,000 | $103,000 |
| Retained earnings (deficit) | $2.09B | $2.16B | $1.97B | $1.28B | −$71.7M | −$360.5M | $86.8M | $403.1M | $104.0M | −$10.9M |
| Treasury stock | — | — | — | — | −$107.8M | −$107.0M | −$108.0M | −$70.4M | −$50.1M | — |
| Accumulated other comprehensive income | −$60.4M | −$50.1M | −$40.6M | −$12.2M | −$58.5M | −$112.0M | −$58.6M | −$23.1M | −$1.9M | $2.1M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $1.55B | $1.65B | $1.57B | $1.43B | $546.9M | $200.1M | $696.1M | $1.07B | $92.6M | $37.2M |
| Key figures | ||||||||||
| Total debt | $23.4M | $5.8M | $10.4M | $11.0M | $448.6M | $582.5M | $649.3M | $588.0M | $372.7M | $349.2M |
| Net cash (debt) | $392.2M | $475.8M | $257.8M | $337.0M | −$367.3M | −$443.3M | −$436.5M | −$354.4M | −$230.8M | −$221.2M |
| Working capital | $712.8M | $785.6M | $738.4M | $711.8M | $452.1M | $251.1M | $396.3M | $474.4M | $221.0M | $206.6M |
| Tangible book value | $1.50B | $1.60B | $1.52B | $1.36B | $472.7M | $111.9M | $571.0M | $820.9M | $74.2M | −$49.9M |
| Book value per share | $118.92 | $126.34 | $107.49 | $78.46 | $28.98 | $10.94 | $37.01 | $91.45 | $8.60 | $3.61 |
| Shares outstanding | 13.0M | 13.1M | 14.6M | 18.2M | 18.9M | 18.3M | 18.8M | 11.7M | 10.8M | 10.3M |
| Current ratio | 4.47 | 4.13 | 3.38 | 2.77 | 2.53 | 1.97 | 2.26 | 2.34 | 1.91 | 1.95 |
| Quick ratio | 3.38 | 3.36 | 2.51 | 1.88 | 1.93 | 1.40 | 1.45 | 1.48 | 1.11 | 1.36 |
| Debt / equity | 0.02 | 0.00 | 0.01 | 0.01 | 0.82 | 2.91 | 0.93 | 0.55 | 4.02 | 9.38 |
| Equity / assets | 67.8% | 67.6% | 65.4% | 61.8% | 29.4% | 11.9% | 30.2% | 39.0% | 11.1% | 3.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $338.5M | $366.9M | $415.6M | $457.9M | $449.0M | $448.0M | $481.6M | $484.6M | $336.1M | $269.4M | $268.2M | $296.1M |
| Cash & equivalents | $307.6M | $317.2M | $366.0M | $408.5M | $449.0M | $448.0M | $481.6M | $484.6M | $336.1M | $269.4M | $268.2M | $296.1M |
| Short-term investments | $30.9M | $49.6M | $49.6M | $49.4M | — | — | $0 | −$121.1M | — | — | $0 | $6.7M |
| Receivables | $230.6M | $302.1M | $278.6M | $289.2M | $296.0M | $342.0M | $362.1M | $375.9M | $505.1M | $526.2M | $509.7M | $432.4M |
| Inventory | $262.4M | $213.1M | $193.0M | $210.0M | $207.3M | $190.1M | $169.3M | $200.1M | $221.8M | $246.0M | $231.3M | $271.8M |
| Other current assets | $31.0M | $27.4M | $31.1M | $32.8M | $35.9M | $27.5M | $23.7M | $32.4M | $32.9M | $34.9M | $39.1M | $48.7M |
| Total current assets | $862.5M | $909.5M | $918.3M | $989.9M | $988.2M | $1.01B | $1.04B | $1.09B | $1.10B | $1.08B | $1.05B | $1.05B |
| Property, plant & equipment (net) | $637.7M | $1.04B | $1.04B | $1.04B | $624.1M | $1.06B | $1.08B | $1.06B | $1.07B | $1.06B | $1.04B | $986.3M |
| Goodwill & intangible assets | $32.7M | $33.6M | $45.6M | $35.8M | $37.2M | $38.5M | $51.0M | $41.6M | $43.2M | $44.9M | $57.7M | $48.6M |
| Long-term investments | $0 | $0 | $53.9M | $0 | $0 | $0 | $41.1M | $0 | $0 | $0 | $31.7M | $0 |
| Other non-current assets | $722.8M | $303.8M | $218.7M | $283.8M | $723.6M | $289.5M | $231.6M | $282.3M | $279.3M | $281.9M | $228.2M | $269.1M |
| Total assets | $2.26B | $2.28B | $2.28B | $2.35B | $2.37B | $2.40B | $2.44B | $2.48B | $2.49B | $2.46B | $2.41B | $2.35B |
| Liabilities | ||||||||||||
| Accounts payable | $86.7M | $93.0M | $66.2M | $83.4M | $87.4M | $110.2M | $96.6M | $111.4M | $122.5M | $151.5M | $128.8M | $121.5M |
| Short-term debt | $3.2M | $3.2M | $4.3M | $2.1M | $2.6M | $2.7M | $2.9M | $3.1M | $3.3M | $3.4M | $3.6M | $3.4M |
| Deferred revenue | — | — | — | — | — | — | — | — | $334,000 | $5.5M | $2.3M | $178.5M |
| Total current liabilities | $253.3M | $248.0M | $205.5M | $250.5M | $243.3M | $260.2M | $251.1M | $304.6M | $308.7M | $341.3M | $309.9M | $315.2M |
| Long-term debt | $8.2M | $9.0M | $9.8M | $2.9M | $3.1M | $2.4M | $2.9M | $3.6M | $5.3M | $6.0M | $6.8M | $7.1M |
| Other long-term liabilities | $415.2M | $508.5M | $519.8M | $499.8M | $512.9M | $523.1M | $535.2M | $520.6M | $535.4M | $522.3M | $515.4M | $472.6M |
| Total liabilities | $752.8M | $765.5M | $735.1M | $753.2M | $759.4M | $785.7M | $789.2M | $828.8M | $849.4M | $869.7M | $832.1M | $794.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $225,000 | $225,000 | $224,000 | $224,000 | $224,000 | $224,000 | $224,000 | $224,000 | $224,000 | $224,000 | $221,000 | $220,000 |
| Retained earnings (deficit) | $2.07B | $2.08B | $2.09B | $2.11B | $2.12B | $2.12B | $2.16B | $2.16B | $2.15B | $2.10B | $1.97B | $1.80B |
| Accumulated other comprehensive income | −$55.2M | −$58.7M | −$60.4M | −$48.1M | −$49.2M | −$49.0M | −$50.1M | −$48.1M | −$48.3M | −$39.8M | −$40.6M | −$16.3M |
| Total shareholders' equity | $1.50B | $1.52B | $1.55B | $1.59B | $1.61B | $1.61B | $1.65B | $1.65B | $1.64B | $1.59B | $1.57B | $1.56B |
| Key figures | ||||||||||||
| Total debt | $11.4M | $12.2M | $23.4M | $5.0M | $5.8M | $5.0M | $5.8M | $6.7M | $8.6M | $9.4M | $10.4M | $10.5M |
| Net cash (debt) | $327.1M | $354.7M | $392.2M | $453.0M | $443.3M | $443.0M | $475.8M | $477.9M | $327.6M | $260.0M | $257.8M | $285.6M |
| Working capital | $609.2M | $661.5M | $712.8M | $739.4M | $744.9M | $747.4M | $785.6M | $788.3M | $787.3M | $735.2M | $738.4M | $733.7M |
| Tangible book value | $1.47B | $1.48B | $1.50B | $1.56B | $1.58B | $1.58B | $1.60B | $1.61B | $1.60B | $1.55B | $1.52B | $1.51B |
| Book value per share | $117.89 | $118.51 | $120.12 | $122.33 | $123.58 | $123.77 | $126.69 | $126.08 | $125.36 | $120.21 | $115.20 | $110.42 |
| Shares outstanding | 12.7M | 12.8M | 12.9M | 13.0M | 13.1M | 13.0M | 13.0M | 13.1M | 13.1M | 13.2M | 13.7M | 14.1M |
| Current ratio | 3.41 | 3.67 | 4.47 | 3.95 | 4.06 | 3.87 | 4.13 | 3.59 | 3.55 | 3.15 | 3.38 | 3.33 |
| Quick ratio | 2.25 | 2.70 | 3.38 | 2.98 | 3.06 | 3.04 | 3.36 | 2.82 | 2.73 | 2.33 | 2.51 | 2.31 |
| Debt / equity | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 66.4% | 66.5% | 67.8% | 67.9% | 68.0% | 67.3% | 67.6% | 66.6% | 65.9% | 64.7% | 65.4% | 66.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
AMR financial position
At the end of fiscal 2025 (December 31, 2025), Alpha Metallurgical Resources had total assets of $2.3 billion (down 6.5% from a year earlier), total liabilities of $735.1 million and shareholders' equity of $1.5 billion. It held $415.6 million in cash and short-term investments against $23.4 million of debt, a net cash position of $392.2 million. Its current ratio was 4.47. In the latest quarter (ended June 30, 2026) total assets were $2.3 billion and equity $1.5 billion.
Related: AMR income statement, AMR cash flow statement, AMR key metrics. See the AMR stock overview for the latest quote and news.
AMR balance sheet FAQ
What are Alpha Metallurgical Resources's total assets?
Alpha Metallurgical Resources reported total assets of $2.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.4 billion a year earlier.
How much debt does Alpha Metallurgical Resources have?
Alpha Metallurgical Resources had $23.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.02.
How much cash does Alpha Metallurgical Resources have?
Alpha Metallurgical Resources held $415.6 million in cash and short-term investments at the end of fiscal 2025; with $23.4 million of debt that is net cash of $392.2 million.
What is Alpha Metallurgical Resources's book value?
Alpha Metallurgical Resources's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $118.92 per share.
What is Alpha Metallurgical Resources's current ratio?
Alpha Metallurgical Resources had current assets of $918.3 million and current liabilities of $205.5 million, a current ratio of 4.47 (it can cover its short-term obligations).
How much goodwill does Alpha Metallurgical Resources have?
Alpha Metallurgical Resources carried $45.6 million of goodwill and intangible assets, 2.0% of total assets, at the end of fiscal 2025.