Gold Port (XCNQ:GPO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Gold Port 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. Gold Port's cash to debt ratio for the quarter that ended in Mar. 2024 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, Gold Port could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Gold Port's Cash-to-Debt or its related term are showing as below:

XCNQ:GPO' 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 7 years, Gold Port's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:GPO's Cash-to-Debt is ranked better than
99.96% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.69 vs XCNQ:GPO: No Debt

Gold Port Cash-to-Debt Historical Data

The historical data trend for Gold Port'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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Gold Port Cash-to-Debt Chart

Gold Port Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Gold Port Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Gold Port's Cash-to-Debt

For the Gold subindustry, Gold Port'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.

Gold Port's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Gold Port 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.

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

Gold Port had no debt ⁽¹⁾.

Gold Port's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Gold Port had no debt ⁽¹⁾.

Gold Port (XCNQ:GPO) 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.

Gold Port Cash-to-Debt Related Terms

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Gold Port (XCNQ:GPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Port Corp (XCNQ:GPO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GPOTF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.goldportcorporation.com

Gold Port Corp is a gold exploration company focused on Guyana, South America. The company owns the Groete Creek Gold Project located in the prolific Guiana Shield, which is home to some of the world's largest gold deposits. Combined with the Akaiwong and Tamberlin gold exploration projects, both in Guyana, Gold Port holds an exciting inventory of exploration and development stage gold projects. It operates in a single reportable operating segment which is exploration and evaluation assets in Guyana and Canada.

Executives

Adrian Frederick Codrington Hobkirk

Director, Senior Officer

Gold Port (XCNQ:GPO) Headlines

No Headlines

Gold Port (XCNQ:GPO) Cash-to-Debt : No Debt (1) (As of Mar. 2024)