Progressive Planet SolutionsASHXF -3.54%34 Current Ratio is 2.18 as of Jan. 2026, which is 8% above its 10-year median of 2.02. GuruFocus rates ASHXF with a GF Score™ of 34/100 and a GF Value™ of $0.14 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,638 Metals & Mining companies, Progressive Planet Solutions ranks worse than 55.27% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Progressive Planet Solutions's current ratio for the quarter that ended in Jan. 2026 was 2.18.
Progressive Planet Solutions has a current ratio of 2.18. It generally indicates good short-term financial strength.
The historical rank and industry rank for Progressive Planet Solutions's Current Ratio or its related term are showing as below:
ASHXF'
s Current Ratio Range Over the Past 10 Years
Min: 0.02 Med: 2.02 Max: 7.3
Current: 2.18
During the past 13 years, Progressive Planet Solutions's highest Current Ratio was 7.30. The lowest was 0.02. And the median was 2.02.
ASHXF's Current Ratio is ranked worse than 55.27% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.64
vs ASHXF: 2.18
Progressive Planet Solutions (OTCPK:ASHXF) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Progressive Planet Solutions Current Ratio Related Terms
Progressive Planet Solutions Current Ratio 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.
Progressive Planet Solutions Current Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions's Current Ratio, along with its competitors' market caps and Current Ratio 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 Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Current Ratio distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions's Current Ratio 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 Current Ratio of 2.18 as of Jan. 2026. This is near median its historical median of 2.02. Over the past decade, Progressive Planet Solutions' Current Ratio has ranged from 0.02 to 7.30. According to the industry distribution chart, Progressive Planet Solutions ranks #1458 out of 2638 companies in the Metals & Mining industry, placing it in the top 55.3%.
Is Progressive Planet Solutions' Current Ratio too high?
Progressive Planet Solutions' current Current Ratio of 2.18 is near median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 7.30. The Metals & Mining industry median Current Ratio is 2.64. Progressive Planet Solutions' value of 2.18 is 17.4% below this industry median. Based on the distribution chart, Progressive Planet Solutions ranks #1458 out of 2638 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Progressive Planet Solutions has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Planet Solutions' Current Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #1458 out of 2638 companies for Current Ratio. This places Progressive Planet Solutions in the lower half of its industry. The industry median Current Ratio is 2.64. Progressive Planet Solutions' value of 2.18 is 17.4% below this benchmark. Historically, Progressive Planet Solutions' own Current Ratio has ranged from 0.02 to 7.30 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 2.64, 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 Current Ratio for a Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.64, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive Planet Solutions's current Current Ratio of 2.18 is 17.4% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Current Ratio is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Planet Solutions's current Current Ratio is 2.18, which is near median its own 10-year median of 2.02. 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 $0.14, compared to a current price of $0.23 — trading 65.4% above its estimated fair value. The current Current Ratio is 2.18, which is near median its 10-year median of 2.02 and 17.4% below the Metals & Mining industry median of 2.64. Progressive Planet Solutions' overall GF Score™ is 34/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Progressive Planet Solutions (ASHXF), the current Current Ratio is 2.18 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 $0.23 is trading 65.4% above its estimated GF Value™ of $0.14.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
Current Ratio: 2.18 (near median its 10-year median of 2.02)
GF Value™: $0.14 vs. price of $0.23 (65.4% above fair value)
Industry Position: 17.4% below the Metals & Mining median (#1458 of 2638)
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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