Erdene Resource Development Corporation

TSX:ERD Stock Report

Market Cap: CA$211.6m

Erdene Resource Development Balance Sheet Health

Financial Health criteria checks 4/6

Erdene Resource Development has a total shareholder equity of CA$55.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$56.3M and CA$440.1K respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$2.54m
EquityCA$55.88m
Total liabilitiesCA$440.09k
Total assetsCA$56.32m

Recent financial health updates

Recent updates

Companies Like Erdene Resource Development (TSE:ERD) Are In A Position To Invest In Growth

Sep 17
Companies Like Erdene Resource Development (TSE:ERD) Are In A Position To Invest In Growth

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

Mar 04
Is Erdene Resource Development (TSE:ERD) Using Too Much Debt?

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

Nov 16
Is Erdene Resource Development (TSE:ERD) A Risky Investment?

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

Jul 28
Is Erdene Resource Development (TSE:ERD) A Risky Investment?

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

Apr 14
Is Erdene Resource Development (TSE:ERD) In A Good Position To Invest In Growth?

Financial Position Analysis

Short Term Liabilities: ERD's short term assets (CA$2.7M) exceed its short term liabilities (CA$440.1K).

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.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ERD has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ERD has less than a year of cash runway if free cash flow continues to grow at historical rates of 3.2% each year.


Discover healthy companies