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.

Elray Resources Financials

ELRA

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2018 Currency USD FYE December

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).

Rhea AI ELRA FY2017 2026-04-22

Negative equity and a tiny asset base define the business, with obligations still near $10.6M in FY2017.

From FY2015 to FY2017, liabilities stayed near $11.0M even as total assets shrank to just $255K. FY2017 also produced $73K of operating cash flow alongside a -$663K net loss, implying the business could still pull in some cash but not enough to overcome its financing overhang.

In FY2017, interest expense at $764K exceeded the operating loss of -$572K, so the reported loss appears to come more from how the company is financed than from the current operating cost base alone.

Between FY2015 and FY2017, shares outstanding jumped from 51.9M to 2.26B while cash stayed small at $23K in FY2017. That means major capital-structure change did not build much liquidity, leaving the company with very limited immediate resources relative to its obligations.

Financial Health Signals

Financial Profile 0/100

Based on FY2017 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Elray Resources's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Piotroski F-Score Weak

2/9

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).

Earnings Quality Mixed

-0.11x

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.

Interest Coverage At Risk

-0.7x

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.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$663K

YoY-433.4%

Elray Resources reported -$663K in net income in fiscal year 2017. This represents a decrease of 433.4% from the prior year.

EPS (Diluted)

$0.00

Elray Resources earned $0.00 per diluted share (EPS) in fiscal year 2017.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$23K

YoY+26.1%

5Y CAGR+155.0%

Elray Resources held $23K in cash against $0 in long-term debt as of fiscal year 2017.

Dividends Per Share

N/A

Shares Outstanding

2.26B

YoY+84.4%

Elray Resources had 2.26B shares outstanding in fiscal year 2017. This represents an increase of 84.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ELRA Income Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	N/A	N/A	$3.1M+1244.9%	$230K	N/A	N/A
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.2M	N/A	$1.5M-34.6%	$2.3M	N/A	N/A
Operating Income	-$572K	N/A	-$3.6M-15.3%	-$3.1M	N/A	N/A
Interest Expense	$764K	N/A	$1.4M-72.2%	$5.1M	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$663K-433.4%	$199K+104.1%	-$4.9M+53.0%	-$10.3M	N/A	N/A
EPS (Diluted)	$0.00	$0.00	$-0.53	N/A	N/A	N/A

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
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	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
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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

ELRA Balance Sheet

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$255K+179.9%	$91K-84.2%	$577K-78.7%	$2.7M+4567.3%	$58K+130.6%	$25K
Current Assets	$247K+215.1%	$78K-86.1%	$565K+91.2%	$295K+484.1%	$51K+100.7%	$25K
Cash & Equivalents	$23K+26.1%	$18K-83.5%	$111K+304.9%	$27K+201.7%	$9K+4150.9%	$214
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$6K-96.7%	$168K	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.6M+6.7%	$10.0M-9.2%	$11.0M+7.7%	$10.2M+106.8%	$4.9M+57.2%	$3.1M
Current Liabilities	N/A	N/A	N/A	$8.8M+78.4%	$4.9M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$10.4M-5.1%	-$9.9M+5.0%	-$10.4M-39.0%	-$7.5M-53.6%	-$4.9M-56.6%	-$3.1M
Retained Earnings	-$28.6M-2.4%	-$28.0M+0.7%	-$28.2M-20.9%	-$23.3M	N/A	-$9.6M

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
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	N/A
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+3.6%	$10.3M+3.4%	$9.9M+3.8%	$9.6M-4.0%	$10.0M
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-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

ELRA Cash Flow Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	$73K+784.8%	$8K+101.7%	-$476K+58.4%	-$1.1M	N/A	N/A
Capital Expenditures	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
Investing Cash Flow	$15K+200.0%	-$15K	N/A	N/A	-$8K	N/A
Financing Cash Flow	-$83K+3.2%	-$86K-115.3%	$560K-51.8%	$1.2M	N/A	N/A
Dividends Paid	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

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
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	$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
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	FY17	FY16	FY15	FY14	FY13	FY12
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	-117.3%+1250.8pp	-1368.1%	N/A	N/A
Net Margin	N/A	N/A	-157.6%+4348.3pp	-4505.8%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-260.3%-478.9pp	218.6%+1061.6pp	-843.0%-461.4pp	-381.7%	N/A	N/A
Current Ratio	N/A	N/A	N/A	0.03+0.0	0.01	N/A
Debt-to-Equity	-1.02-0.0	-1.01+0.0	-1.06+0.3	-1.36-0.4	-1.010.0	-1.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'18	Q2'18	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16
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	N/A	-104.2%+6.5pp	-110.7%	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	-260.4%-42.1pp	-218.3%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	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
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	-1.020.0	-1.020.0	-1.010.0	-1.010.0	-1.01
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 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 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) 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.

How financially healthy is Elray Resources?

Elray Resources (ELRA) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.