Progressive Planet Solutions (TSXV:PLAN) Interest Expense : C$-0.57 Mil (TTM As of Jan. 2025)

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What is Progressive Planet Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Progressive Planet Solutions's interest expense for the three months ended in Jan. 2025 was C$ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2025 was C$-0.57 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Progressive Planet Solutions's Operating Income for the three months ended in Jan. 2025 was C$ 0.28 Mil. Progressive Planet Solutions's Interest Expense for the three months ended in Jan. 2025 was C$ -0.12 Mil. Progressive Planet Solutions's Interest Coverage for the quarter that ended in Jan. 2025 was 2.30. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Progressive Planet Solutions Interest Expense Historical Data

The historical data trend for Progressive Planet Solutions's Interest Expense 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.

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Progressive Planet Solutions Interest Expense Chart

Progressive Planet Solutions Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Interest Expense

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-0.01

-0.03

-0.18

-0.68

-0.62

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
Interest Expense	Get a 7-Day Free Trial															-0.16	-0.15	-0.15	-0.14	-0.12

Progressive Planet Solutions Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.57 Mil.

Progressive Planet Solutions (TSXV:PLAN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Progressive Planet Solutions's Interest Expense for the three months ended in Jan. 2025 was C$-0.12 Mil. Its Operating Income for the three months ended in Jan. 2025 was C$0.28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2025 was C$7.47 Mil.

Progressive Planet Solutions's Interest Coverage for the quarter that ended in Jan. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2025 )	/	Interest Expense (Q: Jan. 2025 )
	=	-1	*	0.278	/	-0.121
	=	2.30

The higher the ratio, the stronger the company's financial strength is.

Progressive Planet Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Progressive Planet Solutions Inc (TSXV:PLAN) » Definitions » Interest Expense

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Traded in Other Exchanges

ASHXF:USA

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

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