ALLIANCE RESOURCE PARTNERS LP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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9. Fair Value Measurements
The following table summarizes our fair value measurements within the hierarchy not included elsewhere in these notes:
| · · · · · · · · · · · · · · · · · · · | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · December 31, 2023 · · December 31, 2022 · | |||||||||||||
| · Level 1 · Level 2 · Level 3 · Level 1 · Level 2 · Level 3 | |||||||||||||
| · · (in thousands) · | |||||||||||||
| Long-term debt | | $— | | $347,116 | | $— | | $— | | $424,420 | | $— | |
The carrying amounts for cash equivalents, accounts receivable, accounts payable, accrued and other liabilities, approximate fair value due to the short maturity of those instruments.
The estimated fair value of our long-term debt, including current maturities, is based on interest rates that we believe are currently available to us in active markets for issuance of debt with similar terms and remaining maturities. See Note 6 – Long-Term Debt for additional information on our long-term debt.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.