Elray Resources Stock Current Asset
| ELRA Stock | USD 0.0004 0.0001 20.00% |
Elray Resources fundamentals help investors to digest information that contributes to Elray Resources' financial success or failures. It also enables traders to predict the movement of Elray Pink Sheet. The fundamental analysis module provides a way to measure Elray Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Elray Resources pink sheet.
Elray |
Elray Resources Company Current Asset Analysis
Elray Resources' Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Elray Resources Current Asset | 2.17 M |
Most of Elray Resources' fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Elray Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
| Competition |
In accordance with the recently published financial statements, Elray Resources has a Current Asset of 2.17 M. This is 100.0% lower than that of the Consumer Cyclical sector and 99.32% lower than that of the Gambling industry. The current asset for all United States stocks is 99.98% higher than that of the company.
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Elray Fundamentals
| Return On Asset | -0.75 | |||
| Current Valuation | 7.21 M | |||
| Shares Outstanding | 2.41 B | |||
| Shares Owned By Insiders | 9.74 % | |||
| Price To Sales | 4.42 X | |||
| Revenue | 484.11 K | |||
| Gross Profit | 632 K | |||
| EBITDA | 649.93 K | |||
| Net Income | (1.09 M) | |||
| Cash And Equivalents | 5.01 K | |||
| Total Debt | 4.95 M | |||
| Current Ratio | 0.01 X | |||
| Book Value Per Share | (0.01) X | |||
| Cash Flow From Operations | 1.85 K | |||
| Earnings Per Share | (0) X | |||
| Beta | 30.74 | |||
| Market Capitalization | 1.8 M | |||
| Total Asset | 2.18 M | |||
| Retained Earnings | (28.38 M) | |||
| Working Capital | (10.34 M) | |||
| Current Asset | 2.17 M | |||
| Current Liabilities | 12.51 M | |||
| Z Score | -21.6 |
About Elray Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elray Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elray Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elray Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Elray Pink Sheet
Elray Resources financial ratios help investors to determine whether Elray Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elray with respect to the benefits of owning Elray Resources security.