Bankruptcy Probability

Progressive Planet Solutions Inc's probability of bankruptcy is 1.8%, pointing to a small but noticeable default risk. The solvency score is 51/100 — a warning sign of potential financial weakness.

We take all the information about a company's solvency, such as how easily it can pay interest on outstanding debt, how much cash it has, the amount of debt, and more, and use it to estimate the probability of bankruptcy.

Moderate
Probability of Bankruptcy

Financial Position

Cash & Short-Term Investments
+
3Y
+219%
5Y
+37%
10Y
-
Long-Term Investments
+
3Y
+38%
5Y
-
10Y
-
Debt
+
3Y
-18%
5Y
+1 908%
10Y
+23 464%

Solvency Ratios

Solvency Ratios Comparison
Progressive Planet Solutions Inc Competitors

Country Company Market Cap D/E D/A Interest
Coverage
Altman
Z-Score
Quick
Ratio
Current
Ratio
Cash
Ratio
CA
Progressive Planet Solutions Inc
XTSX:PLAN
36.4m CAD
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SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR
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CN
Tianqi Lithium Corp
SZSE:002466
59.3B CNY
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AU
PLS Group Ltd
ASX:PLS
10.2B AUD
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CN
Henan Huanghe Whirlwind Co Ltd
SSE:600172
15.9B CNY
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RU
AK Alrosa PAO
MOEX:ALRS
168.6B RUB
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AU
Liontown Ltd
ASX:LTR
2.3B AUD
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CN
China Kings Resources Group Co Ltd
SSE:603505
10.3B CNY
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GG
Gemfields Group Ltd
JSE:GML
1.1B ZAR
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CA
TMC the metals company Inc
NASDAQ:TMC
1B USD
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US
Compass Minerals International Inc
NYSE:CMP
945.6m USD
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Is Progressive Planet Solutions Inc at risk of bankruptcy?

Progressive Planet Solutions Inc's probability of bankruptcy is 1.8%, pointing to a small but noticeable default risk.

The probability of bankruptcy is estimated using credit risk models that assess financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does Progressive Planet Solutions Inc have?

As of the latest report, Progressive Planet Solutions Inc has total debt of 7.1m CAD. This includes both short-term (0 CAD) and long-term (7.1m CAD) debt.

You can find a full breakdown on its Balance Sheet.

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