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Approach Resources Inc  (AREX)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Approach Resources Inc's Leverage Ratio

AREX's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to net new borrowings of 0.35%, Leverage Ratio fell to 0.95, above the Approach Resources Inc's average Leverage Ratio.

Within Oil And Gas Production industry in the third quarter 2019, 62 other companies have achieved lower Leverage Ratio than Approach Resources Inc in the III Quarter 2019. While Leverage Ratio total ranking has deteriorated compared to the second quarter 2019 from 986 to 1776 .

Explain Leverage Ratio?
Who are AREX Customers?
What are AREX´s Total Liabilities?


AREX Leverage Ratio (Sep 30 2019)
III. Quarter
(Jun 30 2019)
II. Quarter
(Mar 31 2019)
I. Quarter
(Dec 31 2018)
IV. Quarter
(Sep 30 2018)
III. Quarter
Y / Y Equity Change -8.19 % -5.52 % -4.72 % -2.99 % 8.22 %
Y / Y Total Liabilities Change 19.23 % 2.61 % 6.29 % -15.15 % -21.68 %
Leverage Ratio MRQ 0.95 0.92 0.92 0.71 0.74
AREX's Total Ranking # 1776 # 986 # 1328 # 1317 # 1437
Seq. Equity Change -3.39 % -2.33 % -2.95 % 0.25 % -0.58 %
Seq. Total Liabilities Change 0.35 % -2.11 % 25.62 % -3.38 % -13.64 %



Leverage Ratio third quarter 2019 Company Ranking
Within: No.
Oil And Gas Production Industry # 63
Energy Sector # 78
Overall Market # 1776


Leverage Ratio Statistics
High Average Low
1.02 0.76 0.26
(Sep 30 2017)   (Sep 30 2012)




Financial Statements
Approach Resources Inc's Equity $ 540 Millions Visit AREX's Balance sheet
Approach Resources Inc's Total Liabilities $ 515 Millions Visit AREX's Balance sheet
Source of AREX's Sales Visit AREX's Sales by Geography


Cumulative Approach Resources Inc's Leverage Ratio

AREX's Leverage Ratio for the trailling 12 Months

AREX Leverage Ratio

(Sep 30 2019)
III. Quarter
(Jun 30 2019)
II. Quarter
(Mar 31 2019)
I. Quarter
(Dec 31 2018)
IV. Quarter
(Sep 30 2018)
III. Quarter
Y / Y Equity TTM Growth -8.19 % -5.52 % -4.72 % -2.99 % 8.22 %
Y / Y Total Liabilities TTM Growth 19.23 % 2.61 % 6.29 % -15.15 % -21.68 %
Leverage Ratio TTM 0.87 0.82 0.8 0.78 0.8
Total Ranking TTM # 1592 # 1630 # 1721 # 1734 # 1598
Seq. Equity TTM Growth -3.39 % -2.33 % -2.95 % 0.25 % -0.58 %
Seq. Total Liabilities TTM Growth 0.35 % -2.11 % 25.62 % -3.38 % -13.64 %


On the trailing twelve months basis Due to the net new borrowings of 0.35% during the trailing twelve months finishing in the III Quarter 2019, cumulativeLeverage Ratio improved to 0.87, above the Approach Resources Inc's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Oil And Gas Production industry AREX recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the III Quarter 2019, compared to the prior period, from 18 to 1591.

Explain Leverage Ratio?
Who are AREX Customers?
What are AREX´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 0
Energy Sector # 0
Within the Market # 1776


trailing twelve months Leverage Ratio Statistics
High Average Low
0.99 0.86 0.62
(Sep 30 2017)   (March 31, 2014)




Companies with similar Leverage Ratio in the quarter ending Sep 30 2019, within Oil And Gas Production Industry Leverage RatioSep 30 2019 MRQ Total LiabilitiesSep 30 2019 MRQ Equity
U.s. Well Services Inc.  2.61 $ 501.922  Millions$ 192.155  Millions
Occidental Petroleum Corporation  2.57 $ 105,374.000  Millions$ 41,005.000  Millions
Chesapeake Energy Corporation  2.51 $ 11,883.000  Millions$ 4,735.000  Millions
Denbury Inc   2.49 $ 3,357.176  Millions$ 1,346.120  Millions
Semgroup Corporation  2.35 $ 4,864.771  Millions$ 2,073.702  Millions
Petrochina Co Ltd  2.21 $ 474,735.344  Millions$ 214,479.293  Millions
Petrobras Petroleo Brasileiro Sa  2.10 $ 155,525.000  Millions$ 74,215.000  Millions
Everflow Eastern Partners Lp  2.03 $ 39.240  Millions$ 19.298  Millions
Cnooc Ltd  1.84 $ 118,568.000  Millions$ 64,384.000  Millions
Apa Corporation  1.79 $ 14,076.000  Millions$ 7,868.000  Millions
Goodrich Petroleum Corp  1.77 $ 149.838  Millions$ 84.820  Millions
Halliburton Company  1.65 $ 16,074.000  Millions$ 9,762.000  Millions
Carrizo Oil and Gas Inc   1.58 $ 2,132.772  Millions$ 1,348.804  Millions
Eni Spa  1.58 $ 84,604.800  Millions$ 53,648.000  Millions
Abraxas Petroleum Corp  1.57 $ 269.451  Millions$ 171.573  Millions
Black Stone Minerals L p   1.55 $ 1,297.452  Millions$ 837.321  Millions
New Concept Energy Inc   1.46 $ 3.550  Millions$ 2.426  Millions
Gb Sciences Inc  1.46 $ 20.832  Millions$ 14.316  Millions
Silverbow Resources Inc   1.42 $ 552.960  Millions$ 388.386  Millions
Talos Energy Inc   1.41 $ 1,519.812  Millions$ 1,074.824  Millions
Schlumberger Limited  1.39 $ 33,737.000  Millions$ 24,327.000  Millions
Continental Resources Inc  1.33 $ 9,219.370  Millions$ 6,914.180  Millions
Primeenergy Resources Corporation  1.31 $ 139.890  Millions$ 106.907  Millions
Ecopetrol S a   1.30 $ 19,287.396  Millions$ 14,844.782  Millions
Vista Energy S a b De C v   1.29 $ 781.417  Millions$ 603.716  Millions
Totalenergies Se  1.29 $ 153,989.000  Millions$ 119,305.000  Millions
Sm Energy Co  1.27 $ 3,609.333  Millions$ 2,843.750  Millions
Viper Energy Inc   1.26 $ 2,006.938  Millions$ 1,593.058  Millions
Nextier Oilfield Solutions Inc   1.24 $ 586.823  Millions$ 472.004  Millions
Apache Offshore Investment Partnership  1.24 $ 9.314  Millions$ 7.539  Millions

Date modified: -0001-11-30T00:00:00+00:00



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