ELRRF (Eloro Resources) Debt-to-Equity : 0.00 (As of Dec. 2024)

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What is Eloro Resources Debt-to-Equity?

Eloro Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.03 Mil. Eloro Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.04 Mil. Eloro Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $41.05 Mil. Eloro Resources's debt to equity for the quarter that ended in Dec. 2024 was 0.00.

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 Eloro Resources's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Eloro Resources was 0.02. The lowest was 0.00. And the median was 0.00.

ELRRF's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

Eloro Resources Debt-to-Equity Historical Data

The historical data trend for Eloro Resources'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.

Eloro Resources Debt-to-Equity Chart

Eloro Resources Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

0.01

Eloro Resources 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															-	-	-	-	-

Competitive Comparison of Eloro Resources's Debt-to-Equity

For the Gold subindustry, Eloro Resources'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.

Eloro Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Eloro Resources's Debt-to-Equity distribution charts can be found below:

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

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Eloro Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eloro Resources'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
	=	(0.034	+	0.065)	/	42.046
	=	0.00

Eloro Resources'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
	=	(0.034	+	0.036)	/	41.049
	=	0.00

Eloro Resources (OTCPK:ELRRF) 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.

Eloro Resources Debt-to-Equity Related Terms

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Eloro Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eloro Resources Ltd (OTCPK:ELRRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

P2QM:Germany ELO:Canada

Address

20 Adelaide Street East, Suite 200, Toronto, ON, CAN, M5C 2T6

Website

https://elororesources.com

Eloro Resources Ltd is an exploration and mine development company with a portfolio of gold-silver properties in Peru, a polymetallic property in Bolivia, and base metal properties in Quebec. The company has an option to acquire a ninety-nine percent interest in the Iska Iska Property located in southern Bolivia, and owns an eighty-two percent interest in the La Victoria Gold/Silver Project located in the North-Central Mineral Belt of Peru. It has one reportable segment, which is mineral exploration.