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Progressive Planet SolutionsASHXF -1.18%35 Debt-to-Equity is 0.47 as of Jan. 2026, which is 2% above its 10-year median of 0.46. GuruFocus rates ASHXF with a GF Score™ of 35/100 and a GF Value™ of $0.15 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,222 Metals & Mining companies, Progressive Planet Solutions ranks worse than 72.75% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Progressive Planet Solutions's Debt-to-Equity or its related term are showing as below:
ASHXF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.08 Med: 0.46 Max: 1.29
Current: 0.47
During the past 13 years, the highest Debt-to-Equity Ratio of Progressive Planet Solutions was 1.29. The lowest was -0.08. And the median was 0.46.
ASHXF's Debt-to-Equity is ranked worse than 72.75% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.15
vs ASHXF: 0.47
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Progressive Planet Solutions Debt-to-Equity Related Terms
Progressive Planet Solutions Debt-to-Equity 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.
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions's Debt-to-Equity 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 Debt-to-Equity of 0.47 as of Jan. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Progressive Planet Solutions and its competitors. This is near median its historical median of 0.46. According to the industry distribution chart, Progressive Planet Solutions ranks #889 out of 1222 companies in the Metals & Mining industry, placing it in the top 72.7%.
Is Progressive Planet Solutions' Debt-to-Equity too high?
Progressive Planet Solutions' current Debt-to-Equity of 0.47 is near median its 10-year median of 0.46. The Metals & Mining industry median Debt-to-Equity is 0.15. Progressive Planet Solutions' value of 0.47 is 213.3% above this industry median. Based on the distribution chart, Progressive Planet Solutions ranks #889 out of 1222 companies in the Metals & Mining industry, which is below the industry midpoint. 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' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #889 out of 1222 companies for Debt-to-Equity. This places Progressive Planet Solutions in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Progressive Planet Solutions' value of 0.47 is 213.3% above this benchmark. While the company's 10-year median is 0.46 vs. the industry median of 0.15, Progressive Planet Solutions has consistently been above 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 Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,222 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive Planet Solutions's current Debt-to-Equity of 0.47 is 213.3% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Progressive Planet Solutions and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Planet Solutions's current Debt-to-Equity is 0.47, which is near median its own 10-year median of 0.46. 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 $0.24 — trading 56.7% above its estimated fair value. The current Debt-to-Equity is 0.47, which is near median its 10-year median of 0.46 and 213.3% above the Metals & Mining industry median of 0.15. Progressive Planet Solutions' overall GF Score™ is 35/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Progressive Planet Solutions (ASHXF), the current Debt-to-Equity is 0.47 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 $0.24 is trading 56.7% above its estimated GF Value™ of $0.15.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
Debt-to-Equity: 0.47 (near median its 10-year median of 0.46)
GF Value™: $0.15 vs. price of $0.24 (56.7% above fair value)
Industry Position: 213.3% above the Metals & Mining median (#889 of 1222)
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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