Progressive Planet SolutionsASHXF -3.54%34 Quick Ratio is 1.30 as of Jan. 2026, which is 4% below its 10-year median of 1.36. 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 63.12% on this metric.
Progressive Planet Solutions has a quick ratio of 1.30. It generally indicates good short-term financial strength.
The historical rank and industry rank for Progressive Planet Solutions's Quick Ratio or its related term are showing as below:
ASHXF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.02 Med: 1.36 Max: 7.3
Current: 1.3
During the past 13 years, Progressive Planet Solutions's highest Quick Ratio was 7.30. The lowest was 0.02. And the median was 1.36.
ASHXF's Quick Ratio is ranked worse than 63.12% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs ASHXF: 1.30
Progressive Planet Solutions (OTCPK:ASHXF) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Progressive Planet Solutions Quick Ratio Related Terms
Progressive Planet Solutions Quick 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 Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions's Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions's Quick Ratio falls into.
Progressive Planet Solutions Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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 Quick Ratio of 1.30 as of Jan. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Progressive Planet Solutions and its competitors. This is near median its historical median of 1.36. Over the past decade, Progressive Planet Solutions' Quick Ratio has ranged from 0.02 to 7.30. According to the industry distribution chart, Progressive Planet Solutions ranks #1665 out of 2638 companies in the Metals & Mining industry, placing it in the top 63.1%.
Is Progressive Planet Solutions' Quick Ratio too high?
Progressive Planet Solutions' current Quick Ratio of 1.30 is near median its 10-year median of 1.36. 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 Quick Ratio is 2.32. Progressive Planet Solutions' value of 1.30 is 44% below this industry median. Based on the distribution chart, Progressive Planet Solutions ranks #1665 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' Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #1665 out of 2638 companies for Quick Ratio. This places Progressive Planet Solutions in the lower half of its industry. The industry median Quick Ratio is 2.32. Progressive Planet Solutions' value of 1.30 is 44% below this benchmark. Historically, Progressive Planet Solutions' own Quick Ratio has ranged from 0.02 to 7.30 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 2.32, 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 Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.32, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive Planet Solutions's current Quick Ratio of 1.30 is 44% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Progressive Planet Solutions and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Planet Solutions's current Quick Ratio is 1.30, which is near median its own 10-year median of 1.36. 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 Quick Ratio is 1.30, which is near median its 10-year median of 1.36 and 44% below the Metals & Mining industry median of 2.32. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Progressive Planet Solutions (ASHXF), the current Quick Ratio is 1.30 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:
Quick Ratio: 1.30 (near median its 10-year median of 1.36)
GF Value™: $0.14 vs. price of $0.23 (65.4% above fair value)
Industry Position: 44% below the Metals & Mining median (#1665 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.
34GF Score
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