Erdene Resource Development Balance Sheet Health

Financial Health criteria checks 6/6

Erdene Resource Development has a total shareholder equity of CA$58.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$59.1M and CA$186.2K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$4.35m
Equity	CA$58.88m
Total liabilities	CA$186.15k
Total assets	CA$59.06m

Recent financial health updates

Is Erdene Resource Development (TSE:ERD) In A Good Position To Invest In Growth?

Apr 14

Recent updates

Is Erdene Resource Development (TSE:ERD) Using Too Much Debt?

Mar 04

Is Erdene Resource Development (TSE:ERD) A Risky Investment?

Nov 16

Is Erdene Resource Development (TSE:ERD) A Risky Investment?

Jul 28

Is Erdene Resource Development (TSE:ERD) In A Good Position To Invest In Growth?

Apr 14

Financial Position Analysis

Short Term Liabilities: ERD's short term assets (CA$5.8M) exceed its short term liabilities (CA$186.2K).

Long Term Liabilities: ERD has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: ERD is debt free.

Reducing Debt: ERD had no debt 5 years ago.

Debt Coverage: ERD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ERD has no debt, therefore coverage of interest payments is not a concern.

Erdene Resource Development Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Is Erdene Resource Development (TSE:ERD) Using Too Much Debt?

Is Erdene Resource Development (TSE:ERD) A Risky Investment?

Is Erdene Resource Development (TSE:ERD) A Risky Investment?

Is Erdene Resource Development (TSE:ERD) In A Good Position To Invest In Growth?

Recent updates

Erdene Resource Development Corporation, Annual General Meeting, Jun 20, 2024

Is Erdene Resource Development (TSE:ERD) Using Too Much Debt?

Erdene Commences Construction At the High-Grade Bayan Khundii Gold Project and Finalizes Strategic Alliance with Mongolian Mining Corporation

Is Erdene Resource Development (TSE:ERD) A Risky Investment?

Erdene Resource Development Corp. Provides Update on the Bayan Khundii Gold Project

Erdene Resource Development Corp. Announces Positive Updated Feasibility Study for the Bayan Khundii Gold Project

Erdene Resource Development Corporation Reports Bayan Khundii Gold Project Exploration Results from Dark Horse Prospect

Is Erdene Resource Development (TSE:ERD) A Risky Investment?

Erdene Resource Development Corporation Announce Results from A Recently Completed 12-Hole Drill Program At Its 100% Owned Zuun Mod Molybdenum-Copper Porphyry Project in Southwestern Mongolia

Erdene Resource Development Corporation Commences Drilling At Dark Horse Gold Prospect

Is Erdene Resource Development (TSE:ERD) In A Good Position To Invest In Growth?

Erdene Resource Development Corporation announced that it has received CAD 7.000248 million in funding from 2176423 Ontario Ltd.

Erdene Resource Development Corporation announced that it expects to receive CAD 6 million in funding

Erdene Expands High-Grade Mineralization At Dark Horse Prospect, Generates New Targets

Insufficient new directors

Erdene Resource Development Corporation Intersects High-Grade Gold At Bayan Khundii Starter Pits

Erdene Resource Development Corporation Renews Local Cooperation Agreement and Provides Environmental, Social and Governance Update

Erdene Resource Development Corporation Provides an Exploration Update for Khundii Gold District in Southwest Mongolia

Erdene Resource Development Corporation Reports Operating Results for the Second Quarter 2022

Insufficient new directors

Erdene Continues to Outline Ulaan Feeder Zone, Intersects 27 Metres of 3.5 G/T Gold, Including 2 Metres of 24.9 G/T Gold

Erdene Resource Development Corporation announced that it has received CAD 7.180106 million in funding

Insufficient new directors

Erdene Resource Development Corporation announced that it expects to receive CAD 6 million in funding

Erdene Returns 68.2 G/T Gold over 3 Metres Within 8.1 G/T Gold over 41 Meters At Ulaan Southeast Gold Prospect

Price target increased to CA$2.00

Erdene Resource Development Corporation, Annual General Meeting, Jun 22, 2022

Erdene Resource Development Corporation Announces Commencement of the First Phase of Its 2022 Exploration Program at its Khundii Gold District in Southwest Mongolia

Insider recently bought CA$3.6m worth of stock

Erdene Resource Development Corporation Provides an Update on Recent Exploration At the Dark Horse Prospect, Located 2.4 Kilometres North of Its Construction-Ready Bayan Khundii Gold Project

Erdene Resource Development Corporation Provides an Update on the 2021 Exploration Program at the Ulaan Southeast Gold Discovery

Erdene Resource Development Corporation Receives Significant Environmental Approval for Bayan Khundii Gold Project and Commences Early Works

Erdene Resource Development Corporation announces results from follow-up drilling at the recent Ulaan gold discovery

Erdene Resource Development Corporation Announces Results from its Maiden Drill Program on the Southern Portion of its 100%-Owned Ulaan Exploration License

Erdene Resource Development Corporation Initiates Strategic Review of Khuvyn Khar Molybdenum-Copper Project

Erdene Resource Development Corporation Adds Second Rig and Commences Drilling Ulaan Gold Target Adjacent Bayan Khundii Gold Deposit

Erdene Provides Update on Dark Horse Gold Prospect Exploration Program: Commences Follow-up Drilling

New 90-day low: CA$0.36

Erdene Resource Development Corporation Provides Final Drill Results from Its 2020 Dark Horse Gold Prospect

Erdene Resource Development Corporation Announces New Gold Discovery of the Bayan Khundii Gold Deposit

Erdene Resource Development Corporation (TSX:ERD) acquired remaining 49% stake in Leader Exploration LLC from Erdenechuluun.Z and Erdenekhuyag.Z for $0.75 million.

Erdene Resource Development Corporation Reports Final Results from First 10,000-Metre Phase of its 18,000-Metre Khundii Gold District Drill Program

New 90-day low: CA$0.41

Erdene Resource Development Corporation announced that it expects to receive $55 million in funding from Export Development Canada

New 90-day low: CA$0.42

Erdene Resource Development Corporation Intersects High-Grade Gold in Maiden Drilling at Dark Horse Prospect

Erdene Intersects High-Grade Gold at Bayan Khundii Project Confirming Resource Expansion Potential

Erdene Resource Development Corporation announced that it has received CAD 20 million in funding from 2176423 Ontario Ltd. and other investor

New 90-day high - CA$0.65

Erdene Resource Development Corporation announced that it expects to receive CAD 20 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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