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
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).