ELRA (Elray Resources) Interest Expense: $-0.74 Mil (TTM As of Sep. 2018)

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What is Elray Resources Interest Expense?

Elray Resources ELRA +27.50% Interest Expense is $-0.74 Mil as of Sep. 2018.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elray Resources's interest expense for the three months ended in Sep. 2018 was $ -0.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2018 was $-0.74 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Elray Resources's Operating Income for the three months ended in Sep. 2018 was $ -0.08 Mil. Elray Resources's Interest Expense for the three months ended in Sep. 2018 was $ -0.19 Mil. Elray Resources did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Elray Resources  (OTCPK:ELRA) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Elray Resources's Interest Expense for the three months ended in Sep. 2018 was $-0.19 Mil. Its Operating Income for the three months ended in Sep. 2018 was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2018 was $0.00 Mil.

Elray Resources's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Elray Resources did not have earnings to cover the interest expense.

* 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.

The higher the ratio, the stronger the company's financial strength is.

Elray Resources Interest Expense Historical Data

* Premium members only.

The historical data trend for Elray Resources's Interest Expense 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.

Elray Resources Interest Expense Chart

Elray Resources Annual Data
Trend Mar08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.88 -5.06 -1.41 -0.92 -0.76

Elray Resources Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.19 -0.19 -0.18 -0.18 -0.19

Elray Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.74 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.74 Mil mean?
Elray Resources (ELRA) has a Interest Expense of $-0.74 Mil as of Sep. 2018. Interest Expense is the amount a company pays on its long-term debt. View historical data on Elray Resources and its competitors.
Is Elray Resources' Interest Expense too high?
Elray Resources' current Interest Expense is $-0.74 Mil.
How does Elray Resources' Interest Expense compare to GMERD and CGLD?
Elray Resources' Interest Expense of $-0.74 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Travel & Leisure company?
A good Interest Expense depends on the Travel & Leisure industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Elray Resources and its competitors. Elray Resources's current Interest Expense is $-0.74 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elray Resources stock overvalued right now?
Elray Resources (ELRA) has a current Interest Expense of $-0.74 Mil. The current Interest Expense is $-0.74 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Elray Resources (ELRA), the current Interest Expense is $-0.74 Mil as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elray Resources Business Description

Address 3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103
Elray Resources Inc offers turnkey e-commerce solutions and provides strategic marketing and consulting services around the world. The company also offers marketing and support services for online gaming businesses.