Ramaco Resources Inc

For the period ended Dec 31, 2023. Filed Mar 14, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 14, 2024

METC$6.82+9.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets


· · December 31, · · December 31,
In thousands, except share and per share information · 2023 · 2022
Assets · · · ·
Current assets · · · ·
Cash and cash equivalents	$41,962	$35,613
Accounts receivable	96,866	41,174
Inventories	37,163	44,973
Prepaid expenses and other	13,748	25,729
Total current assets	189,739	147,489
Property, plant, and equipment, net	459,091	429,842
Financing lease right-of-use assets, net	10,282	12,905
Advanced coal royalties	2,964	3,271
Other	3,760	2,832
Total Assets	$665,836	$596,339
Liabilities and Stockholders' Equity
Liabilities
Current liabilities
Accounts payable	$51,624	$34,825
Accrued liabilities	52,225	41,806
Current portion of asset retirement obligations	110	29
Current portion of long-term debt	56,534	35,639
Current portion of related party debt	—	40,000
Current portion of financing lease obligations	5,456	5,969
Insurance financing liability	4,037	4,577
Total current liabilities	169,986	162,845
Asset retirement obligations, net	28,850	28,856
Long-term debt, net	349	18,757
Long-term financing lease obligations, net	4,915	4,917
Senior notes, net	33,296	32,830
Deferred tax liability, net	54,352	35,637
Other long-term liabilities	4,483	3,299
Total liabilities	296,231	287,141
Commitments and contingencies	—	—
Stockholders' Equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued or outstanding	—	—
Common stock, $0.01 par value, 260,000,000 shares authorized, 44,155,735 shares issued and outstanding at December 31, 2022 *	—	442
Class A common stock, $0.01 par value, 225,000,000 shares authorized, 44,002,581 shares issued and outstanding at December 31, 2023 *	440	—
Class B common stock, $0.01 par value, 35,000,000 shares authorized, 8,809,557 shares issued and outstanding at December 31, 2023	88	—
Additional paid-in capital	277,133	168,711
Retained earnings	91,944	140,045
Total stockholders' equity	369,605	309,198
Total Liabilities and Stockholders' Equity	$665,836	$596,339
* Common stock was reclassified to Class A common stock during Q2 2023. Refer to Note 9.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.