Progressive Planet Solutions Balance Sheet Health
Financial Health criteria checks 3/6
Progressive Planet Solutions has a total shareholder equity of CA$12.7M and total debt of CA$6.5M, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are CA$25.9M and CA$13.2M respectively.
Key information
51.5%
Debt to equity ratio
CA$6.52m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$344.45k |
| Equity | CA$12.67m |
| Total liabilities | CA$13.22m |
| Total assets | CA$25.89m |
Recent financial health updates
Does Progressive Planet Solutions (CVE:PLAN) Have A Healthy Balance Sheet?
Apr 06
Is Progressive Planet Solutions (CVE:PLAN) Using Too Much Debt?
Dec 22Does Progressive Planet Solutions (CVE:PLAN) Have A Healthy Balance Sheet?
Sep 02Recent updates
Progressive 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$5.4M) exceed its short term liabilities (CA$2.4M).
Long Term Liabilities: PLAN's short term assets (CA$5.4M) do not cover its long term liabilities (CA$10.9M).
Debt to Equity History and Analysis
Debt Level: PLAN's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: PLAN's debt to equity ratio has increased from 0% to 51.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PLAN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PLAN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.9% per year.