Progressive Planet Solutions Inc.

OTCPK:ASHX.F Stock Report

Market Cap: US$13.7m

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 ratio3.9x
CashCA$2.93m
EquityCA$13.71m
Total liabilitiesCA$12.48m
Total assetsCA$26.19m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ASHX.F's short term assets (CA$7.6M) exceed its short term liabilities (CA$2.2M).

Long Term Liabilities: ASHX.F'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: ASHX.F's net debt to equity ratio (24.5%) is considered satisfactory.

Reducing Debt: ASHX.F's debt to equity ratio has increased from 1.2% to 45.9% over the past 5 years.

Debt Coverage: ASHX.F's debt is well covered by operating cash flow (51.4%).

Interest Coverage: ASHX.F's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


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