Progressive Planet Solutions Balance Sheet Health
Financial Health criteria checks 3/6
Progressive Planet Solutions has a total shareholder equity of CA$13.2M and total debt of CA$6.4M, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are CA$26.4M and CA$13.2M respectively. Progressive Planet Solutions's EBIT is CA$1.1M making its interest coverage ratio 1.8. It has cash and short-term investments of CA$1.4M.
Key information
48.2%
Debt to equity ratio
CA$6.37m
Debt
| Interest coverage ratio | 1.8x |
| Cash | CA$1.44m |
| Equity | CA$13.22m |
| Total liabilities | CA$13.21m |
| Total assets | CA$26.43m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARB3's short term assets (CA$5.9M) exceed its short term liabilities (CA$2.3M).
Long Term Liabilities: ARB3's short term assets (CA$5.9M) do not cover its long term liabilities (CA$10.9M).
Debt to Equity History and Analysis
Debt Level: ARB3's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: ARB3's debt to equity ratio has increased from 1.1% to 48.2% over the past 5 years.
Debt Coverage: ARB3's debt is well covered by operating cash flow (45.2%).
Interest Coverage: ARB3's interest payments on its debt are not well covered by EBIT (1.8x coverage).