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Atlas Resource Partners LP (Atlas Resource Partners LP) Financial Strength : 0 (As of Sep. 2017)


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What is Atlas Resource Partners LP Financial Strength?

Atlas Resource Partners LP has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Atlas Resource Partners LP's Interest Coverage for the quarter that ended in Sep. 2017 was 0.36. Atlas Resource Partners LP's debt to revenue ratio for the quarter that ended in Sep. 2017 was 2.72. As of today, Atlas Resource Partners LP's Altman Z-Score is -0.62.


Competitive Comparison of Atlas Resource Partners LP's Financial Strength

For the Oil & Gas E&P subindustry, Atlas Resource Partners LP's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Atlas Resource Partners LP's Financial Strength Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Atlas Resource Partners LP's Financial Strength distribution charts can be found below:

* The bar in red indicates where Atlas Resource Partners LP's Financial Strength falls into.



Atlas Resource Partners LP Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Atlas Resource Partners LP's Interest Expense for the months ended in Sep. 2017 was $-15.27 Mil. Its Operating Income for the months ended in Sep. 2017 was $5.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2017 was $0.00 Mil.

Atlas Resource Partners LP's Interest Coverage for the quarter that ended in Sep. 2017 is

Interest Coverage=-1*Operating Income (Q: Sep. 2017 )/Interest Expense (Q: Sep. 2017 )
=-1*5.464/-15.268
=0.36

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Titan Energy LLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

2. Debt to revenue ratio. The lower, the better.

Atlas Resource Partners LP's Debt to Revenue Ratio for the quarter that ended in Sep. 2017 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2017 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(538.085 + 0) / 197.684
=2.72

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Atlas Resource Partners LP has a Z-score of -0.62, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Atlas Resource Partners LP  (OTCPK:ARNPQ.PFD) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Atlas Resource Partners LP has the Financial Strength Rank of 0.


Atlas Resource Partners LP Financial Strength Related Terms

Thank you for viewing the detailed overview of Atlas Resource Partners LP's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Atlas Resource Partners LP (Atlas Resource Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
425 Houston Street, Suite 300, Fort Worth, TX, USA, 76102
Titan Energy LLC is an exploration and production company. It is focused on acquiring and developing oil and gas assets with operations in basins across the United States with a focus on the development of Eagle Ford Shell basin from South Texas. The firm also sponsors and manages drilling partnerships to finance its operations. It has Gas and Oil Production, Well Construction & Completion and Other partnership segments. The company derives the majority of its revenue from Gas and Oil production segment.
Executives
Christopher Kenneth Walker officer: Chief Operating Officer 425 HOUSTON STREET, FORT WORTH TX 76102
Matthew Finkbeiner officer: Chief Accounting Officer 1000 COMMERCE DRIVE, 4TH FLOOR, PITTSBURGH PA 15275
Lisa Washington officer: VP, CLO & Corporate Secretary 311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Jonathan Z Cohen director, officer: Executive Vice Chairman 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Mark D Schumacher officer: President 1845 WALNUT STREET, PHILADELPHIA PA 19103
Edward E Cohen director, officer: Executive Chairman RESOURCE AMERICA INC, 1845 WALNUT ST, PHILADELPHIA PA 19103
Daniel C Herz director, officer: Chief Executive Officer 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Steven J Pully director 9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
Eugene I Davis director 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Michael C Watchorn director NES RENTALS HOLDINGS INC, 8770 W BRYN MAWR, CHICAGO IL 60631
Freddie M Kotek officer: SVP Investment Partnership Div RESOURCE AMERICA, 1845 WALNUT ST, PHILADELPHIA PA 19103
Dolly Ann Craig director 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Holtz Dennis A Esq director
Ellen Warren director 311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Gso / Blackstone Debt Funds Management Llc 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154

Atlas Resource Partners LP (Atlas Resource Partners LP) Headlines