Polaris Renewable Energy Balance Sheet Health
Financial Health criteria checks 1/6
Polaris Renewable Energy has a total shareholder equity of $259.5M and total debt of $328.3M, which brings its debt-to-equity ratio to 126.5%. Its total assets and total liabilities are $662.1M and $402.6M respectively. Polaris Renewable Energy's EBIT is $24.7M making its interest coverage ratio 1.4. It has cash and short-term investments of $213.3M.
Key information
126.5%
Debt to equity ratio
US$328.35m
Debt
Interest coverage ratio | 1.4x |
Cash | US$213.31m |
Equity | US$259.53m |
Total liabilities | US$402.58m |
Total assets | US$662.11m |
Recent financial health updates
Polaris Renewable Energy (TSE:PIF) Has A Somewhat Strained Balance Sheet
May 10Here's Why Polaris Renewable Energy (TSE:PIF) Has A Meaningful Debt Burden
Jul 20Is Polaris Infrastructure (TSE:PIF) A Risky Investment?
May 27These 4 Measures Indicate That Polaris Infrastructure (TSE:PIF) Is Using Debt Extensively
Dec 21Recent updates
Polaris Renewable Energy's (TSE:PIF) Anemic Earnings Might Be Worse Than You Think
Nov 07Is Polaris Renewable Energy Inc. (TSE:PIF) Trading At A 23% Discount?
May 30At CA$13.77, Is It Time To Put Polaris Renewable Energy Inc. (TSE:PIF) On Your Watch List?
Sep 28Polaris Renewable Energy (TSE:PIF) Has A Somewhat Strained Balance Sheet
May 10Here's Why Polaris Renewable Energy (TSE:PIF) Has A Meaningful Debt Burden
Jul 20Polaris Infrastructure's (TSE:PIF) Returns On Capital Not Reflecting Well On The Business
Apr 22We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Polaris Infrastructure Inc.'s (TSE:PIF) CEO For Now
Jun 20Is Polaris Infrastructure (TSE:PIF) A Risky Investment?
May 27Is There Now An Opportunity In Polaris Infrastructure Inc. (TSE:PIF)?
Mar 29Shareholders Of Polaris Infrastructure (TSE:PIF) Must Be Happy With Their 292% Total Return
Mar 03Here's Why I Think Polaris Infrastructure (TSE:PIF) Might Deserve Your Attention Today
Feb 10Polaris Infrastructure Inc.'s (TSE:PIF) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Jan 22Should You Rely On Polaris Infrastructure's (TSE:PIF) Earnings Growth?
Jan 07These 4 Measures Indicate That Polaris Infrastructure (TSE:PIF) Is Using Debt Extensively
Dec 21Financial Position Analysis
Short Term Liabilities: PIF's short term assets ($228.6M) exceed its short term liabilities ($33.8M).
Long Term Liabilities: PIF's short term assets ($228.6M) do not cover its long term liabilities ($368.7M).
Debt to Equity History and Analysis
Debt Level: PIF's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: PIF's debt to equity ratio has increased from 88.6% to 126.5% over the past 5 years.
Debt Coverage: PIF's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: PIF's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2025/03/14 18:40 |
End of Day Share Price | 2025/03/14 00:00 |
Earnings | 2024/12/31 |
Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Polaris Renewable Energy Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Kirk Wilson | Beacon Securities Limited |
David Galison | Canaccord Genuity |
Stephen Kammermayer | Clarus Securities Inc. |