Southport Acquisition (Southport Acquisition) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Southport Acquisition Debt-to-Equity?

Southport Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Southport Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Southport Acquisition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $9.56 Mil. Southport Acquisition's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

During the past 3 years, the highest Debt-to-Equity Ratio of Southport Acquisition was 2.61. The lowest was 2.61. And the median was 2.61.

PORT's Debt-to-Equity is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 0.125
* Ranked among companies with meaningful Debt-to-Equity only.

Southport Acquisition Debt-to-Equity Historical Data

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

* Premium members only.

Southport Acquisition Debt-to-Equity Chart

Southport Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

Southport Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	-

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

For the Shell Companies subindustry, Southport Acquisition's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Southport Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	41.321
	=	0.00

Southport Acquisition's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	9.556
	=	0.00

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Southport Acquisition Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Southport Acquisition's Debt-to-Equity 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 » Debt-to-Equity

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