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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 Tangible Leverage Ratio

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


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

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

Explain Tangible Leverage Ratio?
What is AREX Market Share?
What are AREX´s Total Liabilities?


AREX Tangible 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 Tangible 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 %
Tangible Leverage Ratio MRQ 0.95 0.92 0.92 0.71 0.74
AREX's Total Ranking # 1776 # 986 # 1328 # 1317 # 1437
Seq. Tangible 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 %



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


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




Financial Statements
Approach Resources Inc's Tangible 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 Tangible Leverage Ratio

AREX's Tangible Leverage Ratio for the trailling 12 Months

AREX Tangible 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 Tangible 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 %
Tangible Leverage Ratio TTM 0.87 0.82 0.8 0.78 0.8
Total Ranking TTM # 18 # 18 # 1478 # 1473 # 1473
Seq. Tangible 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, cumulativeTangible Leverage Ratio improved to 0.87, above the Approach Resources Inc's average Tangible Leverage Ratio.
Tangible 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 Tangible Leverage Ratio. While total ranking remained unchanged compared to previous 12 month period at no. 18.

Explain Tangible Leverage Ratio?
What is AREX Market Share?
What are AREX´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 0
Energy Sector # 0
Within the Market # 18


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




Companies with similar Tangible Leverage Ratio in the quarter ending Sep 30 2019, within Oil And Gas Production Industry Tangible Leverage RatioSep 30 2019 MRQ Total LiabilitiesSep 30 2019 MRQ Tangible Equity
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
Halliburton Company  2.32 $ 16,074.000  Millions$ 6,930.000  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
Nextier Oilfield Solutions Inc   2.03 $ 586.823  Millions$ 288.400  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
Gb Sciences Inc  1.69 $ 20.832  Millions$ 12.338  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
Encana Corp  1.55 $ 11,356.000  Millions$ 7,326.000  Millions
Black Stone Minerals L p   1.55 $ 1,297.452  Millions$ 837.321  Millions
Oceaneering International Inc  1.49 $ 1,330.834  Millions$ 892.630  Millions
New Concept Energy Inc   1.46 $ 3.550  Millions$ 2.426  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
Vista Energy S a b De C v   1.36 $ 781.417  Millions$ 575.232  Millions
Devon Energy Corp  1.33 $ 7,608.000  Millions$ 5,701.000  Millions
Continental Resources Inc  1.33 $ 9,219.370  Millions$ 6,914.180  Millions
Ecopetrol S a   1.33 $ 19,287.396  Millions$ 14,549.088  Millions
Primeenergy Resources Corporation  1.31 $ 139.890  Millions$ 106.907  Millions
Totalenergies Se  1.29 $ 153,989.000  Millions$ 119,305.000  Millions
Klx Energy Services Holdings Inc   1.28 $ 329.200  Millions$ 257.900  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
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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