Portofino Resources (TSXV:POR) Cash-to-Debt : 0.52 (As of Aug. 2024)

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What is Portofino Resources 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. Portofino Resources's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.52.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Portofino Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

(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 Portofino Resources's Cash-to-Debt or its related term are showing as below:

TSXV:POR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: No Debt Max: No Debt
Current: 0.52

During the past 11 years, Portofino Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.52. And the median was No Debt.

TSXV:POR's Cash-to-Debt is ranked worse than
74.64% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs TSXV:POR: 0.52

Portofino Resources Cash-to-Debt Historical Data

The historical data trend for Portofino Resources'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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Portofino Resources Cash-to-Debt Chart

Portofino Resources Annual Data

Trend

May15

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May20

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May24

Cash-to-Debt

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No Debt

Portofino Resources Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	0.52

Competitive Comparison of Portofino Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Portofino Resources'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.

Portofino Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Portofino Resources's Cash-to-Debt distribution charts can be found below:

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

Portofino Resources 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.

Portofino Resources's Cash to Debt Ratio for the fiscal year that ended in May. 2024 is calculated as:

Portofino Resources had no debt ⁽¹⁾.

Portofino Resources's Cash to Debt Ratio for the quarter that ended in Aug. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.125	/	(0.239	+	0)
	=	0.52

Portofino Resources (TSXV:POR) 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.

Portofino Resources Cash-to-Debt Related Terms

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Portofino Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Portofino Resources Inc (TSXV:POR) » Definitions » Cash-to-Debt

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PFFOF:USA POTA:Germany

Address

470 Granville Street, Suite 520, Vancouver, BC, CAN, V6C 1V5

Website

https://www.portofinoresources.com

Portofino Resources Inc is engaged in the acquisition, exploration, and development of mineral property assets in the Americas. Its South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario. In addition, it holds interest in three Northwestern Ontario gold projects; the Gold Creek property, Sapawe West property and Melema West property located near Atikokan. It also shows interest in the Yergo Lithium Brine Project.

Executives