Southport Acquisition (Southport Acquisition) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Southport Acquisition Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Southport Acquisition's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Southport Acquisition could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Southport Acquisition's Cash-to-Debt or its related term are showing as below:

PORT' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Southport Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

PORT's Cash-to-Debt is ranked better than
99.82% of 554 companies
in the Diversified Financial Services industry
Industry Median: 2.775 vs PORT: No Debt

Southport Acquisition Cash-to-Debt Historical Data

The historical data trend for Southport Acquisition's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Southport Acquisition Cash-to-Debt Chart

Southport Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Southport Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Southport Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Southport Acquisition's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southport Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Southport Acquisition's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Southport Acquisition's Cash-to-Debt falls into.

Southport Acquisition Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Southport Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Southport Acquisition had no debt ⁽¹⁾.

Southport Acquisition's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Southport Acquisition had no debt ⁽¹⁾.

Southport Acquisition (OTCPK:PORT) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Southport Acquisition Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Southport Acquisition's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Southport Acquisition (Southport Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Southport Acquisition Corp (OTCPK:PORT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1745 Grand Avenue, Del Mar, CA, USA, 92014

Website

Southport Acquisition Corp is a blank check company.

Executives

Jennifer Nuckles	director	234 1ST ST, SAN FRANCISCO CA 94105
Matthew Royce Hansen	director	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Sigmund Anderman	director	ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Jeb S. Spencer	director, 10 percent owner, officer: Chief Executive Officer	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Gates Cathleen Schreiner	director	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Jared Walker Stone	director, 10 percent owner	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Southport Acquisition Sponsor Llc	10 percent owner	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
David Mark Winfield	director	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014

Southport Acquisition (Southport Acquisition) Headlines

From GuruFocus

Southport Acquisition Corporation Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing January 31, 2022

By Business Wire Business Wire • 01-28-2022

Southport Acquisition (Southport Acquisition) Cash-to-Debt : No Debt (1) (As of Dec. 2023)