Progressive Planet Solutions (TSXV:PLAN) Cash-to-Debt : 0.61 (As of Jan. 2025)

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What is Progressive Planet Solutions Cash-to-Debt?

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. 2025 was 0.61.

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 Solutions couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2025.

The historical rank and industry rank for Progressive Planet Solutions's Cash-to-Debt or its related term are showing as below:

TSXV:PLAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 1.37 Max: No Debt
Current: 0.61

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 1.37.

TSXV:PLAN's Cash-to-Debt is ranked worse than
73.02% of 2583 companies
in the Metals & Mining industry
Industry Median: 20.95 vs TSXV:PLAN: 0.61

Progressive Planet Solutions Cash-to-Debt Historical Data

The historical data trend for Progressive Planet Solutions's Cash-to-Debt can be seen below:

* 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.

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Progressive Planet Solutions Cash-to-Debt Chart

Progressive Planet Solutions Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash-to-Debt

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1.27

3.14

0.14

0.08

0.19

Progressive Planet Solutions Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.19	0.16	0.37	0.61

Competitive Comparison of Progressive Planet Solutions's Cash-to-Debt

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's Cash-to-Debt Distribution in the 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.

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Progressive Planet Solutions Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Progressive Planet Solutions's Cash to Debt Ratio for the fiscal year that ended in Apr. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1.686	/	(0.529	+	8.545)
	=	0.19

Progressive Planet Solutions's Cash to Debt Ratio for the quarter that ended in Jan. 2025 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4.82	/	(0.481	+	7.465)
	=	0.61

Progressive Planet Solutions (TSXV:PLAN) Cash-to-Debt Explanation

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

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Progressive Planet Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Progressive Planet Solutions Inc (TSXV:PLAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ASHXF:USA ARB3:Germany

Address

724 Sarcee Street East, Kamloops, BC, CAN, V2H 1E7

Website

https://www.progressiveplanet.com

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.

Executives

Stephen Kenneth Harpur	Director, Senior Officer
Steve Gurney	Senior Officer
George David Richardson	10% Security Holder
Christopher Halsey-brandt	Senior Officer
Scott Ronald Jenkins	Director
Edward Beggs	Director
Michael Bruno John Franz England	Director