Polaris Renewable Energy Balance Sheet Health
Financial Health criteria checks 3/6
Polaris Renewable Energy has a total shareholder equity of $269.9M and total debt of $172.4M, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are $519.4M and $249.5M respectively. Polaris Renewable Energy's EBIT is $28.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $40.1M.
Key information
63.9%
Debt to equity ratio
US$172.38m
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$40.05m |
| Equity | US$269.93m |
| Total liabilities | US$249.47m |
| Total assets | US$519.40m |
Recent financial health updates
Polaris Renewable Energy (TSE:PIF) Has A Somewhat Strained Balance Sheet
May 10
Here'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 21
Recent updates
At 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 21Our View On Polaris Infrastructure's (TSE:PIF) CEO Pay
Dec 08Can Polaris Infrastructure (TSE:PIF) Continue To Grow Its Returns On Capital?
Nov 23How Does Polaris Infrastructure's (TSE:PIF) CEO Pay Compare With Company Performance?
Jul 31Should You Think About Buying Polaris Infrastructure Inc. (TSE:PIF) Now?
Jul 10Financial Position Analysis
Short Term Liabilities: PIF's short term assets ($54.0M) exceed its short term liabilities ($31.4M).
Long Term Liabilities: PIF's short term assets ($54.0M) do not cover its long term liabilities ($218.1M).
Debt to Equity History and Analysis
Debt Level: PIF's net debt to equity ratio (49%) is considered high.
Reducing Debt: PIF's debt to equity ratio has reduced from 88.5% to 63.9% over the past 5 years.
Debt Coverage: PIF's debt is well covered by operating cash flow (25.5%).
Interest Coverage: PIF's interest payments on its debt are not well covered by EBIT (1.6x coverage).