Entree Resources Financials

ERLFF

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

This page shows Entree Resources (ERLFF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 21 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).

Financial Health Signals

Piotroski F-Score Weak

2/9

Entree Resources passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.94x

For every $1 of reported earnings, Entree Resources generates $0.94 in operating cash flow (-$3.0M OCF vs -$3.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-10.8x

Entree Resources earns $-10.8 in operating income for every $1 of interest expense (-$3.1M vs $287K). 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

-$3.1M

YoY-3.1%

Entree Resources's EBITDA was -$3.1M in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.1% from the prior year.

Net Income

-$3.2M

YoY+31.4%

Entree Resources reported -$3.2M in net income in fiscal year 2017. This represents an increase of 31.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$7.1M

YoY-46.7%

5Y CAGR+10.7%

Entree Resources held $7.1M in cash against $0 in long-term debt as of fiscal year 2017.

Dividends Per Share

N/A

Shares Outstanding

174M

YoY+13.4%

5Y CAGR+6.1%

Entree Resources had 174M shares outstanding in fiscal year 2017. This represents an increase of 13.4% 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

ERLFF Income Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	N/A	N/A	N/A	N/A	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	$2.3M-6.2%	$2.5M-46.9%	$4.7M+17.2%	$4.0M-39.7%	$6.6M+26.8%	$5.2M
Operating Income	-$3.1M-3.2%	-$3.0M+52.8%	-$6.3M+49.8%	-$12.6M+7.4%	-$13.7M+1.1%	-$13.8M
Interest Expense	$287K+2.9%	$279K0.0%	$279K+5.3%	$265K+1.7%	$260K+13.6%	$229K
Income Tax	-$72K+87.0%	-$553K-445.6%	$160K+103.9%	-$4.1M-96.7%	-$2.1M-725.5%	$330K
Net Income	-$3.2M+31.4%	-$4.7M+40.5%	-$7.8M+9.7%	-$8.7M+24.1%	-$11.4M+24.8%	-$15.2M
EPS (Diluted)	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
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	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	$311K+40.7%	$221K-52.4%	$464K	N/A	$258K-60.9%	$660K-27.1%	$905K	N/A
Operating Income	-$358K-35.6%	-$264K+48.9%	-$517K	N/A	-$374K+48.5%	-$726K+25.7%	-$977K	N/A
Interest Expense	N/A	N/A	$76K	N/A	N/A	N/A	$57K	N/A
Income Tax	$0	$0	$0	N/A	$0+100.0%	-$72K	$0	N/A
Net Income	-$371K-129.0%	-$162K+77.4%	-$716K	N/A	-$129K+80.7%	-$670K+46.7%	-$1.3M	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	$0.00	$0.00+100.0%	$-0.01	N/A

ERLFF Balance Sheet

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$8.3M-84.5%	$53.3M-13.6%	$61.7M-22.6%	$79.7M-18.2%	$97.4M+51.8%	$64.2M
Current Assets	$7.5M-45.6%	$13.7M-40.9%	$23.2M-32.8%	$34.5M-27.6%	$47.7M+806.2%	$5.3M
Cash & Equivalents	$7.1M-46.7%	$13.3M-41.5%	$22.7M-32.1%	$33.4M-28.5%	$46.7M+997.4%	$4.3M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$32.7M-3.1%	$33.8M-16.9%	$40.7M-11.9%	$46.2M-11.6%	$52.2M+229.5%	$15.8M
Current Liabilities	$192K-57.8%	$455K-66.3%	$1.4M	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$24.5M-225.7%	$19.5M-7.2%	$21.0M-37.4%	$33.5M-25.8%	$45.2M-6.5%	$48.3M
Retained Earnings	-$191.6M-10.4%	-$173.6M-2.8%	-$168.9M-4.9%	-$161.1M-5.7%	-$152.4M	N/A

Metric	Q3'18	Q2'18	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16
Total Assets	$7.5M-1.6%	$7.7M-2.1%	$7.8M-5.3%	$8.3M-6.2%	$8.8M-2.3%	$9.0M-84.4%	$57.7M+8.2%	$53.3M
Current Assets	$7.2M-3.8%	$7.5M+5.9%	$7.0M-5.5%	$7.5M-6.2%	$7.9M-4.3%	$8.3M-53.3%	$17.8M+29.8%	$13.7M
Cash & Equivalents	$6.0M-3.2%	$6.2M-6.2%	$6.6M-6.1%	$7.1M-7.6%	$7.7M-1.5%	$7.8M-55.7%	$17.6M+32.3%	$13.3M
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	$32.3M+2.0%	$31.7M-1.6%	$32.2M-1.8%	$32.7M+0.4%	$32.6M+2.0%	$32.0M-6.3%	$34.1M+0.9%	$33.8M
Current Liabilities	$117K-25.5%	$157K-48.4%	$304K+58.3%	$192K+2.1%	$188K-60.7%	$478K-7.5%	$517K+13.6%	$455K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$24.8M-3.1%	-$24.0M+1.4%	-$24.4M+0.6%	-$24.5M-2.9%	-$23.8M-3.7%	-$22.9M-197.5%	$23.5M+20.8%	$19.5M
Retained Earnings	-$192.8M-0.2%	-$192.5M-0.1%	-$192.3M-0.4%	-$191.6M-0.6%	-$190.4M-0.1%	-$190.3M-8.8%	-$174.9M-0.7%	-$173.6M

ERLFF Cash Flow Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	-$3.0M+70.6%	-$10.2M-3.9%	-$9.8M+22.2%	-$12.6M-145.1%	$28.0M+318.6%	-$12.8M
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	-$8.9M-26402.9%	$34K+106.6%	-$516K-658.8%	-$68K-101.2%	$5.5M+436.3%	$1.0M
Financing Cash Flow	$5.2M+755.7%	$612K+1392.7%	$41K	$0-100.0%	$9.6M+533.7%	$1.5M
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	-$242K+56.1%	-$551K-188.5%	-$191K+66.6%	-$572K-22.5%	-$467K+41.3%	-$795K+31.6%	-$1.2M-55.8%	-$746K
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	-$12K	N/A	N/A	-$6K	$0	N/A	N/A	$0
Financing Cash Flow	$3K	$0-100.0%	$130K	$0-100.0%	$160K+213.5%	-$141K-102.7%	$5.2M+833.5%	$559K
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

ERLFF 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	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	-23.9%+13.4pp	-37.3%-11.4pp	-25.9%-0.6pp	-25.3%+6.2pp	-31.4%
Return on Assets	-38.7%-30.0pp	-8.8%+4.0pp	-12.7%-1.8pp	-10.9%+0.9pp	-11.7%+12.0pp	-23.7%
Current Ratio	38.80+8.7	30.11+12.9	17.18	N/A	N/A	N/A
Debt-to-Equity	-1.34-3.1	1.73-0.2	1.94+0.6	1.38+0.2	1.16+0.8	0.33
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	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	-5.3%	N/A
Return on Assets	-4.9%-2.8pp	-2.1%+7.0pp	-9.2%	N/A	-1.5%+6.0pp	-7.4%-5.3pp	-2.2%	N/A
Current Ratio	61.35+13.8	47.52+24.4	23.16-15.6	38.80-3.4	42.24+24.9	17.36-17.0	34.39+4.3	30.11
Debt-to-Equity	-1.30+0.0	-1.320.0	-1.32+0.0	-1.34+0.0	-1.37+0.0	-1.39-2.8	1.45-0.3	1.73
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$24.5M), 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 Entree Resources profitable?

No, Entree Resources (ERLFF) reported a net income of -$3.2M in fiscal year 2017.

What is Entree Resources's EBITDA?

Entree Resources (ERLFF) had EBITDA of -$3.1M in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization.

What is Entree Resources's operating cash flow?

Entree Resources (ERLFF) generated -$3.0M in operating cash flow during fiscal year 2017, representing cash generated from core business activities.

What are Entree Resources's total assets?

Entree Resources (ERLFF) had $8.3M in total assets as of fiscal year 2017, including both current and long-term assets.

How many shares does Entree Resources have outstanding?

Entree Resources (ERLFF) had 174M shares outstanding as of fiscal year 2017.

What is Entree Resources's current ratio?

Entree Resources (ERLFF) had a current ratio of 38.80 as of fiscal year 2017, which is generally considered healthy.

What is Entree Resources's debt-to-equity ratio?

Entree Resources (ERLFF) had a debt-to-equity ratio of -1.34 as of fiscal year 2017, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Entree Resources's return on assets (ROA)?

Entree Resources (ERLFF) had a return on assets of -38.7% for fiscal year 2017, measuring how efficiently the company uses its assets to generate profit.

What is Entree Resources's cash runway?

Based on fiscal year 2017 data, Entree Resources (ERLFF) had $7.1M in cash against an annual operating cash burn of $3.0M. This gives an estimated cash runway of approximately 28 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Entree Resources's debt-to-equity ratio negative or unusual?

Entree Resources (ERLFF) has negative shareholder equity of -$24.5M 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 Entree Resources's Piotroski F-Score?

Entree Resources (ERLFF) 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 Entree Resources's earnings high quality?

Entree Resources (ERLFF) has an earnings quality ratio of 0.94x, considered low quality (accrual-driven). 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 Entree Resources cover its interest payments?

Entree Resources (ERLFF) has an interest coverage ratio of -10.8x, 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.