Entree Resources Ltd.
ERLFF · Gold and Silver Ores · EDGAR filings ↗
Grade
C57Loss-making exploration company with a strong balance sheet and a carried interest in a world-class deposit, but ICFR and disclosure weaknesses.
Strengths
- Exceptional liquidity (current/quick ratio 30, 96th pct) with ~$7.2M cash and no debt burden
- Holds a carried joint-venture interest alongside the Oyu Tolgoi project
Risks
- No operating revenue; ROA -0.39 (23rd pct) and negative interest coverage; ROE 13% is an equity artifact
- Adverse ICFR opinion / material weakness and stale (FY2017 metric, FY2022 MD&A) data
Notable findings
- No interest coverageInterest coverage -8.88 (cannot cover interest)
- Material weaknessThis change in the Company’s ICFR was made to eliminate a material weakness previously identified by management in the course of its evaluation of the effectiveness of the Company’s ICFR as of Decembe
Key metrics
Interest coverage
-8.9×
Current ratio
20.4×
Tangible book value
-$58M
Cash & investments
$6M
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2023-03-31 | 2022-12-31 | 0001193125-23-086857 ↗ |
| 40-F | 2022-03-25 | 2021-12-31 | 0001193125-22-085316 ↗ |
| 20-F | 2021-03-31 | 2020-12-31 | 0001193125-21-102474 ↗ |
| 20-F | 2020-03-16 | 2019-12-31 | 0001193125-20-074963 ↗ |
| 20-F | 2019-04-01 | 2018-12-31 | 0001279569-19-000781 ↗ |
| 40-F | 2018-03-09 | 2017-12-31 | 0001279569-18-000418 ↗ |
| 40-F | 2017-03-10 | 2016-12-31 | 0001171843-17-001434 ↗ |
| 20-F | 2016-03-31 | 2015-12-31 | 0001102624-16-002425 ↗ |
| 20-F | 2015-03-31 | 2014-12-31 | 0001102624-15-000476 ↗ |
| 20-F | 2014-03-28 | 2013-12-31 | 0001102624-14-000454 ↗ |
| 40-F | 2013-04-02 | 2012-12-31 | 0001102624-13-000421 ↗ |
| 40-F | 2012-03-30 | 2011-12-31 | 0001199073-12-000287 ↗ |