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
Recent updates
Financial Position Analysis
Short Term Liabilities: ASHX.F's short term assets (CA$5.4M) exceed its short term liabilities (CA$2.4M).
Long Term Liabilities: ASHX.F'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: ASHX.F's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: ASHX.F'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 ASHX.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ASHX.F 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.