ELRE (Yinfu Gold) Debt-to-Equity : -0.69 (As of Dec. 2024)

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What is Yinfu Gold Debt-to-Equity?

Yinfu Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1.82 Mil. Yinfu Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.01 Mil. Yinfu Gold's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-2.66 Mil. Yinfu Gold's debt to equity for the quarter that ended in Dec. 2024 was -0.69.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Yinfu Gold's Debt-to-Equity or its related term are showing as below:

ELRE' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.13 Med: -0.18 Max: -0.1
Current: -0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Yinfu Gold was -0.10. The lowest was -1.13. And the median was -0.18.

ELRE's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.13 vs ELRE: -0.69

Yinfu Gold Debt-to-Equity Historical Data

The historical data trend for Yinfu Gold's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Yinfu Gold Debt-to-Equity Chart

Yinfu Gold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-0.18

-0.14

-0.10

-0.11

Yinfu Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-0.11	-0.11	-0.11	-0.11	-0.69

Competitive Comparison of Yinfu Gold's Debt-to-Equity

For the Internet Content & Information subindustry, Yinfu Gold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Yinfu Gold's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Yinfu Gold's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yinfu Gold's Debt-to-Equity falls into.

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Yinfu Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yinfu Gold's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.286	+	0.014)	/	-2.631
	=	-0.11

Yinfu Gold's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.817	+	0.011)	/	-2.657
	=	-0.69

Yinfu Gold (OTCPK:ELRE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Yinfu Gold Debt-to-Equity Related Terms

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Yinfu Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Yinfu Gold Corp (OTCPK:ELRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dongfang Science and Technology Mansion, Suite 2313, Nanshan District, Shenzhen, CHN, 518000

Website

http://www.uselre.com

Yinfu Gold Corp is pushing ELRE into new-emerging application industries of Internet Technology, Artificial Intelligence(AI), and the Internet of Things(IoT).

Executives

Jiang Libin	director, officer: President, CEO	SUITE 2408, DONGFANG SCIENCE AND TECHNOLOGY MANSION., NANSHAN DISTRICT, SHENZHEN F4 518000
Zhang Hong	director	SUITE 2408, DONGFANG SCIENCE AND TECHNOLOGY MANSION, NANSHAN DISTRICT, SHENZHEN F4 518000
Tsang Yuk Chuen	officer: CFO	SUITE 2408, DONGFANG SCIENCE AND, TECHNOLOGY MANSION. NANSHAN DISTRICT, SHENZHEN F4 518000
Lo Fu Man Herman	director	LEVEL 19 TWO INT'L FINANCE CENTER, NO. 8 FINANCE STREET, CENTRAL K3 00000
Ae Financial Management Ltd.	10 percent owner	2730 E 54TH AVENUE, VANCOUVER A1 V5S 1X8
Daniel S Mckinney	director	TWO IFC, 19TH FLOOR, 8 FINANCE STREET, CENTRAL, HONG KONG F4 000000
Geoffrey John Armstrong	director, 10 percent owner, officer: President, CFO, Secretary	250 H STREET #123, BLAINE WA 98230
Robert Rosenblat	10 percent owner	5505 OAK STREET, SUITE #6, VANCOUVER A1 V6M2V5
Robert Carpenter	10 percent owner	7428 SOUTHWYNDE AVENUE, UNIT 27, BURNABY A1 V3N0A1

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