Elray Resources Financials
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).
Elray’s dominant mechanic is a liability-heavy balance sheet, while reported cash flow remains disconnected from operating results.
In FY2017, operating cash flow was positive at$73K even as operating income was-$572K ; that cash-flow/accounting gap means reported cash generation was not coming from operating profit. The FY2016 pairing—net income of$199K but operating cash flow of only$8K —shows the mismatch predates the latest loss, making cash-based performance difficult to read as recurring economics.
FY2017 liabilities of
Revenue reached
Financial Health Signals
Elray Resources does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Elray Resources passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Elray Resources reported a net loss of $663K while generating $73K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Elray Resources reported an operating loss of $572K against $764K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Elray Resources reported -$663K in net income in fiscal year 2017. This represents a decrease of 433.4% from the prior year.
Not reported for fiscal year 2017.
Not reported for fiscal year 2017.
Cash & Balance Sheet
Elray Resources held $23K in cash as of fiscal year 2017; long-term debt is not reported for that period.
Not reported for fiscal year 2017.
Not reported for fiscal year 2017.
Margins & Returns
None of these metrics is reported for fiscal year 2017.
Capital Allocation
None of these metrics is reported for fiscal year 2017.
ELRA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'18 | Q2'18 | Q1'18 | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $159K-5.3% | $168K | N/A | N/A |
| SG&A Expenses | $165K-1.1% | $167K-43.7% | $296K | N/A | $324K-8.2% | $354K+34.5% | $263K | N/A |
| Operating Income | -$75K-6.9% | -$70K+52.2% | -$147K | N/A | -$166K+10.9% | -$186K-74.3% | -$107K | N/A |
| Interest Expense | $186K+1.1% | $184K+0.9% | $182K | N/A | $190K+5.1% | $180K-13.1% | $208K | N/A |
| Net Income | N/A | -$254K+22.7% | -$329K | N/A | -$414K-13.0% | -$366K-187.5% | $419K | N/A |
| EPS (Diluted) | N/A | $0.00 | $0.00 | N/A | N/A | $0.00 | $0.00 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
ELRA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'18 | Q2'18 | Q1'18 | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $495K+15.1% | $430K+14.1% | $377K+48.0% | $255K+45.5% | $175K+44.9% | $121K+6.6% | $113K+24.6% | $91K |
| Current Assets | $468K+16.0% | $404K+15.1% | $351K+41.9% | $247K+52.1% | $162K+50.0% | $108K+7.4% | $101K+28.6% | $78K |
| Cash & Equivalents | $18K+6.1% | $17K-24.6% | $22K-4.6% | $23K+2.3% | $23K+14.0% | $20K-34.0% | $30K+63.8% | $18K |
| Total Liabilities | $14.8M+29.8% | $11.4M+2.6% | $11.1M+4.2% | $10.6M+3.6% | $10.3M+3.4% | $9.9M+3.8% | $9.6M-4.0% | $10.0M |
| Total Equity | -$14.3M-30.4% | -$10.9M-2.2% | -$10.7M-3.2% | -$10.4M-2.9% | -$10.1M-2.9% | -$9.8M-3.8% | -$9.5M+4.3% | -$9.9M |
| Retained Earnings | -$32.5M-11.4% | -$29.2M-0.9% | -$28.9M-1.1% | -$28.6M-1.1% | -$28.3M-1.5% | -$27.9M-1.3% | -$27.5M+1.5% | -$28.0M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Current Liabilities, Long-Term Debt.
ELRA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'18 | Q2'18 | Q1'18 | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1K+342.4% | -$420+96.2% | -$11K-2242.8% | $516-91.2% | $6K-79.3% | $28K-25.6% | $38K+813.7% | $4K |
| Investing Cash Flow | N/A | N/A | N/A | $0 | $0 | N/A | N/A | -$1K |
| Financing Cash Flow | $1+100.0% | -$5K-150.0% | $10K | $0+100.0% | -$3K+94.3% | -$54K-103.5% | -$26K+58.9% | -$64K |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
ELRA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'18 | Q2'18 | Q1'18 | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | -104.2% | -110.7% | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | -260.4% | -218.3% | N/A | N/A |
| Return on Assets | N/A | -59.2%+28.2pp | -87.3% | N/A | -236.5%+66.7pp | -303.2%-672.4pp | 369.1% | N/A |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Current Ratio, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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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Where Elray Resources Ranks
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 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.
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 not reported?
Elray Resources (ELRA) has negative shareholder equity of -$10.4M as of fiscal year 2017, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $663K while generating $73K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $572K against $764K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.