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

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What is Elray Resources Interest Expense?

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 Interest Expense Historical Data

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.

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Elray Resources Interest Expense Chart

Elray Resources Annual Data

Trend

Mar08

Dec09

Dec10

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Dec12

Dec13

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Dec15

Dec16

Dec17

Interest Expense

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-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															-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.

Elray Resources (OTCPK:ELRA) Interest Expense Explanation

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.

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

Elray Resources (Elray Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Elray Resources Inc (OTCPK:ELRA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103

Website

http://www.elraygaming.com

Elray Resources Inc is a company engaged in gambling activities. It provides marketing and support for online gaming operations. It has developed and acquired technology that provides marketing tools and customer relationship management systems for online gaming operators. Its software systems automatically decline and deny any gaming requests from within illegal gaming jurisdictions, including the United States, Hong Kong, Singapore, the United Kingdom, France, Italy, and Israel, and prevent any access to the products that it supports from any of these jurisdictions ensuring that residents of these countries cannot participate and are in strict compliance with the laws of these countries.

Executives

Anthony Brian Goodman

director, 10 percent owner, officer: President, CEO

3651 LINDELL RD STE D131, LAS VEGAS NV 89103

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