Progressive Planet Solutions (FRA:ARB3) Debt-to-Equity : 0.72 (As of Jan. 2024)

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What is Progressive Planet Solutions Debt-to-Equity?

Progressive Planet Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €0.33 Mil. Progressive Planet Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €5.88 Mil. Progressive Planet Solutions's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €8.66 Mil. Progressive Planet Solutions's debt to equity for the quarter that ended in Jan. 2024 was 0.72.

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:

FRA:ARB3' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.08 Med: 0.12 Max: 1.29
Current: 0.72

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 0.12.

FRA:ARB3's Debt-to-Equity is ranked worse than
82.13% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:ARB3: 0.72

Progressive Planet Solutions Debt-to-Equity Historical Data

The historical data trend for Progressive Planet Solutions's Debt-to-Equity 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.

* Premium members only.

Progressive Planet Solutions Debt-to-Equity Chart

Progressive Planet Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.03

0.13

0.12

1.29

0.72

Progressive Planet Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.88	0.72	0.73	0.74	0.72

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

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's Debt-to-Equity Distribution in the 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.

Progressive Planet Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Progressive Planet Solutions's Debt to Equity Ratio for the fiscal year that ended in Apr. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.372	+	5.86)	/	8.624
	=	0.72

Progressive Planet Solutions's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.328	+	5.875)	/	8.662
	=	0.72

Progressive Planet Solutions (FRA:ARB3) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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

Thank you for viewing the detailed overview of Progressive Planet Solutions's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Progressive Planet Solutions (FRA:ARB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Progressive Planet Solutions Inc (FRA:ARB3) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ASHXF:USA PLAN:Canada

Address

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

Website

https://www.progressiveplanet.ca

Progressive Planet Solutions Inc is a leader in supplying solutions for a livable planet by developing low-carbon, pozzolan-based, cementing products that replace equivalent amounts of Portland Cement and fly ash in concrete. Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia, and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC, and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and U.S. markets.

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