Progressive Planet Solutions Balance Sheet Health
Financial Health criteria checks 4/6
Progressive Planet Solutions has a total shareholder equity of CA$13.7M and total debt of CA$6.3M, which brings its debt-to-equity ratio to 45.9%. Its total assets and total liabilities are CA$26.2M and CA$12.5M respectively. Progressive Planet Solutions's EBIT is CA$2.4M making its interest coverage ratio 3.9. It has cash and short-term investments of CA$2.9M.
Key information
45.9%
Debt to equity ratio
CA$6.29m
Debt
| Interest coverage ratio | 3.9x |
| Cash | CA$2.93m |
| Equity | CA$13.71m |
| Total liabilities | CA$12.48m |
| Total assets | CA$26.19m |
Recent financial health updates
Is Progressive Planet Solutions (CVE:PLAN) Using Too Much Debt?
Oct 29
Does Progressive Planet Solutions (CVE:PLAN) Have A Healthy Balance Sheet?
Apr 06Is Progressive Planet Solutions (CVE:PLAN) Using Too Much Debt?
Dec 22Does Progressive Planet Solutions (CVE:PLAN) Have A Healthy Balance Sheet?
Sep 02Recent updates
There's No Escaping Progressive Planet Solutions Inc.'s (CVE:PLAN) Muted Revenues Despite A 52% Share Price Rise
Nov 09Is Progressive Planet Solutions (CVE:PLAN) Using Too Much Debt?
Oct 29There's No Escaping Progressive Planet Solutions Inc.'s (CVE:PLAN) Muted Revenues
Aug 21Progressive Planet Solutions Inc. (CVE:PLAN) Held Back By Insufficient Growth Even After Shares Climb 32%
Apr 25Progressive Planet Solutions Inc.'s (CVE:PLAN) Share Price Is Matching Sentiment Around Its Revenues
Jan 29Investors Don't See Light At End Of Progressive Planet Solutions Inc.'s (CVE:PLAN) Tunnel And Push Stock Down 26%
Oct 28Does Progressive Planet Solutions (CVE:PLAN) Have A Healthy Balance Sheet?
Apr 06Is Progressive Planet Solutions (CVE:PLAN) Using Too Much Debt?
Dec 22Does Progressive Planet Solutions (CVE:PLAN) Have A Healthy Balance Sheet?
Sep 02Independent Director Dwayne Melrose Just Bought 267% More Shares In Progressive Planet Solutions Inc. (CVE:PLAN)
Jan 04
Financial Position Analysis
Short Term Liabilities: PLAN's short term assets (CA$7.6M) exceed its short term liabilities (CA$2.2M).
Long Term Liabilities: PLAN's short term assets (CA$7.6M) do not cover its long term liabilities (CA$10.3M).
Debt to Equity History and Analysis
Debt Level: PLAN's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: PLAN's debt to equity ratio has increased from 1.2% to 45.9% over the past 5 years.
Debt Coverage: PLAN's debt is well covered by operating cash flow (51.4%).
Interest Coverage: PLAN's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 03:41 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/04/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Progressive Planet Solutions Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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