Polar Power Balance Sheet Health
Financial Health criteria checks 3/6
Polar Power has a total shareholder equity of $13.2M and total debt of $4.6M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are $25.3M and $12.1M respectively.
Key information
34.6%
Debt to equity ratio
US$4.56m
Debt
Interest coverage ratio | n/a |
Cash | US$549.00k |
Equity | US$13.19m |
Total liabilities | US$12.07m |
Total assets | US$25.26m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PPW's short term assets ($22.0M) exceed its short term liabilities ($10.2M).
Long Term Liabilities: PPW's short term assets ($22.0M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: PPW's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: PPW's debt to equity ratio has increased from 5.4% to 34.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PPW has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PPW has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.3% each year