Elray Resources Financials
Financial Health Signals
Elray Resources passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Elray Resources generates $-0.11 in operating cash flow ($73K OCF vs -$663K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Elray Resources earns $-0.7 in operating income for every $1 of interest expense (-$572K vs $764K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Elray Resources (ELRA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Elray Resources reported -$663K in net income in fiscal year 2017. This represents a decrease of 433.4% from the prior year.
Elray Resources held $23K in cash against $0 in long-term debt as of fiscal year 2017.
Elray Resources had 2.26B shares outstanding in fiscal year 2017. This represents an increase of 84.4% from the prior year.
ELRA Income Statement
| Metric | Q3'18 | Q2'18 | Q1'18 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | $159K-5.3% | $168K | N/A | $101K-85.1% | $677K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $165K-1.1% | $167K-43.7% | $296K-8.8% | $324K-8.2% | $354K+34.5% | $263K+0.4% | $262K-22.7% | $339K |
| Operating Income | -$75K-6.9% | -$70K+52.2% | -$147K+11.4% | -$166K+10.9% | -$186K-74.3% | -$107K+33.8% | -$161K+14.7% | -$189K |
| Interest Expense | $186K+1.1% | $184K+0.9% | $182K-3.9% | $190K+5.1% | $180K-13.1% | $208K-8.8% | $228K-1.6% | $232K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$3.3M-1207.0% | -$254K+22.7% | -$329K+20.5% | -$414K-13.0% | -$366K-187.5% | $419K-1.7% | $426K+36772.4% | -$1K |
| EPS (Diluted) | N/A | $0.00 | $0.00 | N/A | $0.00 | $0.00 | N/A | N/A |
ELRA Balance Sheet
| Metric | Q3'18 | Q2'18 | Q1'18 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $495K+15.1% | $430K+14.1% | $377K+48.0% | $255K+110.8% | $121K+6.6% | $113K+24.6% | $91K-94.4% | $1.6M |
| Current Assets | $468K+16.0% | $404K+15.1% | $351K+41.9% | $247K+128.2% | $108K+7.4% | $101K+28.6% | $78K-95.1% | $1.6M |
| Cash & Equivalents | $18K+6.1% | $17K-24.6% | $22K-4.6% | $23K+16.6% | $20K-34.0% | $30K+63.8% | $18K-76.9% | $79K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $31K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $14.8M+29.8% | $11.4M+2.6% | $11.1M+4.2% | $10.6M+7.1% | $9.9M+3.8% | $9.6M-4.0% | $10.0M-16.6% | $11.9M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$14.3M-30.4% | -$10.9M-2.2% | -$10.7M-3.2% | -$10.4M-5.8% | -$9.8M-3.8% | -$9.5M+4.3% | -$9.9M+4.4% | -$10.3M |
| Retained Earnings | -$32.5M-11.4% | -$29.2M-0.9% | -$28.9M-1.1% | -$28.6M-2.6% | -$27.9M-1.3% | -$27.5M+1.5% | -$28.0M+1.5% | -$28.4M |
ELRA Cash Flow Statement
| Metric | Q3'18 | Q2'18 | Q1'18 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1K+342.4% | -$420+96.2% | -$11K-2242.8% | $516-98.2% | $28K-25.6% | $38K+813.7% | $4K+101.7% | -$247K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $0 | N/A | N/A | -$1K | N/A |
| Financing Cash Flow | $1+100.0% | -$5K-150.0% | $10K | $0+100.0% | -$54K-103.5% | -$26K+58.9% | -$64K-241.3% | $45K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ELRA Financial Ratios
| Metric | Q3'18 | Q2'18 | Q1'18 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | -104.2%+6.5pp | -110.7% | N/A | -159.5%-131.6pp | -27.9% |
| Net Margin | N/A | N/A | N/A | -260.4%-42.1pp | -218.3% | N/A | 421.9%+422.1pp | -0.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -671.9%-612.7pp | -59.2%+28.2pp | -87.3%+149.1pp | -236.5%+66.7pp | -303.2%-672.4pp | 369.1%-98.9pp | 468.0%+468.1pp | -0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -1.030.0 | -1.040.0 | -1.04-0.0 | -1.02-0.0 | -1.010.0 | -1.010.0 | -1.01+0.1 | -1.16 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$10.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
Is Elray Resources profitable?
No, Elray Resources (ELRA) reported a net income of -$663K in fiscal year 2017.
What is Elray Resources's earnings per share (EPS)?
Elray Resources (ELRA) reported diluted earnings per share of $0.00 for fiscal year 2017. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Elray Resources's operating cash flow?
Elray Resources (ELRA) generated $73K in operating cash flow during fiscal year 2017, representing cash generated from core business activities.
What are Elray Resources's total assets?
Elray Resources (ELRA) had $255K in total assets as of fiscal year 2017, including both current and long-term assets.
How many shares does Elray Resources have outstanding?
Elray Resources (ELRA) had 2.26B shares outstanding as of fiscal year 2017.
What is Elray Resources's debt-to-equity ratio?
Elray Resources (ELRA) had a debt-to-equity ratio of -1.02 as of fiscal year 2017, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Elray Resources's return on assets (ROA)?
Elray Resources (ELRA) had a return on assets of -260.3% for fiscal year 2017, measuring how efficiently the company uses its assets to generate profit.
Why is Elray Resources's debt-to-equity ratio negative or unusual?
Elray Resources (ELRA) has negative shareholder equity of -$10.4M as of fiscal year 2017, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Elray Resources's Piotroski F-Score?
Elray Resources (ELRA) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Elray Resources's earnings high quality?
Elray Resources (ELRA) has an earnings quality ratio of -0.11x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Elray Resources cover its interest payments?
Elray Resources (ELRA) has an interest coverage ratio of -0.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.