ELRA (Elray Resources) Liabilities-to-Assets : 29.83 (As of Sep. 2018)

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What is Elray Resources Liabilities-to-Assets?

Elray Resources ELRA +25.00% Liabilities-to-Assets is 29.83 as of Sep. 2018.

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Elray Resources's Total Liabilities for the quarter that ended in Sep. 2018 was $14.76 Mil. Elray Resources's Total Assets for the quarter that ended in Sep. 2018 was $0.50 Mil. Therefore, Elray Resources's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2018 was 29.83.

Elray Resources  (OTCPK:ELRA) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Elray Resources Liabilities-to-Assets Related Terms

Elray Resources Liabilities-to-Assets Historical Data

* Premium members only.

The historical data trend for Elray Resources's Liabilities-to-Assets 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 Liabilities-to-Assets Chart

Elray Resources Annual Data
Trend Mar08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.97 3.76 19.01 109.51 41.70

Elray Resources Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Liabilities-to-Assets 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 58.65 41.70 29.40 26.46 29.83

ELRA vs GMERD, CGLD, BLTO: Liabilities-to-Assets Comparison

For the Gambling subindustry, Elray Resources's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Elray Resources Liabilities-to-Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Elray Resources's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Elray Resources's Liabilities-to-Assets falls into.


Elray Resources Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Elray Resources's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2017 is calculated as:

Liabilities-to-Assets (A: Dec. 2017 )=Total Liabilities/Total Assets
=10.633/0.255
=41.70

Elray Resources's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2018 is calculated as

Liabilities-to-Assets (Q: Sep. 2018 )=Total Liabilities/Total Assets
=14.764/0.495
=29.83

* 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 Liabilities-to-Assets →
What does a Liabilities-to-Assets of 29.83 mean?
Elray Resources (ELRA) has a Liabilities-to-Assets of 29.83 as of Sep. 2018. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Elray Resources and its competitors.
Is Elray Resources' Liabilities-to-Assets too high?
Elray Resources' current Liabilities-to-Assets is 29.83.
How does Elray Resources' Liabilities-to-Assets compare to GMERD and CGLD?
Elray Resources' Liabilities-to-Assets of 29.83 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 Liabilities-to-Assets for a Travel & Leisure company?
A good Liabilities-to-Assets depends on the Travel & Leisure industry context. However, Liabilities-to-Assets 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 Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Elray Resources and its competitors. Elray Resources's current Liabilities-to-Assets is 29.83. 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 Liabilities-to-Assets of 29.83. The current Liabilities-to-Assets is 29.83. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Elray Resources (ELRA), the current Liabilities-to-Assets is 29.83 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.