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Progress Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Progress Acquisition has a total shareholder equity of $-715.9K and total debt of $11.6K, which brings its debt-to-equity ratio to -1.6%. Its total assets and total liabilities are $173.4M and $174.1M respectively.
Key information
-1.6%
Debt to equity ratio
US$11.62k
Debt
| Interest coverage ratio | n/a |
| Cash | US$21.08k |
| Equity | -US$715.91k |
| Total liabilities | US$174.08m |
| Total assets | US$173.37m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGRW.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PGRW.U has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PGRW.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PGRW.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PGRW.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PGRW.U's interest payments on its debt are well covered by EBIT.