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What is Progressive Planet Solutions Cash-to-Debt?
Progressive Planet SolutionsASHXF -2.75%35 Cash-to-Debt is 0.29 as of Jan. 2026, which is 73% below its 10-year median of 1.06. GuruFocus rates ASHXF with a GF Score™ of 35/100 and a GF Value™ of $0.15 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,616 Metals & Mining companies, Progressive Planet Solutions ranks worse than 85.51% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Progressive Planet Solutions's cash to debt ratio for the quarter that ended in Jan. 2026 was 0.29.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Progressive Planet Solutionscouldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2026.
The historical rank and industry rank for Progressive Planet Solutions's Cash-to-Debt or its related term are showing as below:
ASHXF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 1.06 Max: No Debt
Current: 0.29
During the past 13 years, Progressive Planet Solutions's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 1.06.
ASHXF's Cash-to-Debt is ranked worse than 85.51% of 2616
companies
in the Metals & Mining industry
Industry Median: 34.325
vs ASHXF: 0.29
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Progressive Planet Solutions Cash-to-Debt Related Terms
Progressive Planet Solutions Cash-to-Debt Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Progressive Planet Solutions Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Progressive Planet Solutions (ASHXF) has a Cash-to-Debt of 0.29 as of Jan. 2026. This is 73% below median its historical median of 1.06. Over the past decade, Progressive Planet Solutions' Cash-to-Debt has ranged from 0.03 to 10,000.00. According to the industry distribution chart, Progressive Planet Solutions ranks #2237 out of 2616 companies in the Metals & Mining industry, placing it in the top 85.5%.
Is Progressive Planet Solutions' Cash-to-Debt too high?
Progressive Planet Solutions' current Cash-to-Debt of 0.29 is 73% below median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 10,000.00. The Metals & Mining industry median Cash-to-Debt is 34.33. Progressive Planet Solutions' value of 0.29 is 99.2% below this industry median. Based on the distribution chart, Progressive Planet Solutions ranks #2237 out of 2616 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Progressive Planet Solutions has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Planet Solutions' Cash-to-Debt compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #2237 out of 2616 companies for Cash-to-Debt. This places Progressive Planet Solutions in the lower half of its industry. The industry median Cash-to-Debt is 34.33. Progressive Planet Solutions' value of 0.29 is 99.2% below this benchmark. Historically, Progressive Planet Solutions' own Cash-to-Debt has ranged from 0.03 to 10,000.00 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 34.33, Progressive Planet Solutions has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Metals & Mining company?
The median Cash-to-Debt among Metals & Mining companies is 34.33, based on 2,616 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive Planet Solutions's current Cash-to-Debt of 0.29 is 99.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Cash-to-Debt is 34.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Planet Solutions's current Cash-to-Debt is 0.29, which is 73% below median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Planet Solutions stock overvalued right now?
Based on GuruFocus' analysis, Progressive Planet Solutions (ASHXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.15, compared to a current price of $0.27 — trading 76.7% above its estimated fair value. The current Cash-to-Debt is 0.29, which is 73% below median its 10-year median of 1.06 and 99.2% below the Metals & Mining industry median of 34.33. Progressive Planet Solutions' overall GF Score™ is 35/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Progressive Planet Solutions (ASHXF), the current Cash-to-Debt is 0.29 as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Progressive Planet Solutions (ASHXF) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Planet Solutions stock appears to be overvalued.
The current stock price of $0.27 is trading 76.7% above its estimated GF Value™ of $0.15.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
Cash-to-Debt: 0.29 (73% below median its 10-year median of 1.06)
GF Value™: $0.15 vs. price of $0.27 (76.7% above fair value)
Industry Position: 99.2% below the Metals & Mining median (#2237 of 2616)
No single metric tells the full story. See the ASHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.
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