STACF (Portex Minerals) Debt-to-Asset : 0.58 (As of Jun. 2016)

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What is Portex Minerals Debt-to-Asset?

Portex Minerals STACF Debt-to-Asset is 0.58 as of Jun. 2016.

Portex Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $0.02 Mil. Portex Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $0.00 Mil. Portex Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2016 was $0.03 Mil. Portex Minerals's debt to asset for the quarter that ended in Jun. 2016 was 0.58.

Portex Minerals  (OTCPK:STACF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Portex Minerals Debt-to-Asset Related Terms

Portex Minerals Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Portex Minerals's Debt-to-Asset 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.

Portex Minerals Debt-to-Asset Chart

Portex Minerals Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.00 0.51 0.00 0.01 0.15

Portex Minerals Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.15 0.56 0.59 0.58

Portex Minerals Debt-to-Asset Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Portex Minerals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Portex Minerals Debt-to-Asset vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Portex Minerals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Portex Minerals's Debt-to-Asset falls into.


Portex Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Portex Minerals's Debt-to-Asset for the fiscal year that ended in Sep. 2015 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.019 + 0) / 0.126
=0.15

Portex Minerals's Debt-to-Asset for the quarter that ended in Jun. 2016 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.019 + 0) / 0.033
=0.58

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.58 mean?
Portex Minerals (STACF) has a Debt-to-Asset of 0.58 as of Jun. 2016. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Portex Minerals and its competitors.
Is Portex Minerals' Debt-to-Asset too high?
Portex Minerals' current Debt-to-Asset is 0.58.
How does Portex Minerals' Debt-to-Asset compare to competitors?
Portex Minerals' Debt-to-Asset of 0.58 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Metals & Mining company?
A good Debt-to-Asset depends on the Metals & Mining industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Portex Minerals and its competitors. Portex Minerals's current Debt-to-Asset is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Portex Minerals stock overvalued right now?
Portex Minerals (STACF) has a current Debt-to-Asset of 0.58. The current Debt-to-Asset is 0.58. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Portex Minerals (STACF), the current Debt-to-Asset is 0.58 as of Jun. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Portex Minerals Business Description

Address 2 Bloor Street West, Suite 2000, Toronto, ON, CAN, M4W 3E2
Portex Minerals Inc is a mineral exploration and development company focused on the acquisition and development of mining projects in Europe and other low-risk jurisdictions.