Polar Power Balance Sheet Health
Financial Health criteria checks 3/6
Polar Power has a total shareholder equity of $11.6M and total debt of $4.9M, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are $20.9M and $9.4M respectively.
Key information
42.6%
Debt to equity ratio
US$4.93m
Debt
| Interest coverage ratio | n/a |
| Cash | US$498.00k |
| Equity | US$11.56m |
| Total liabilities | US$9.36m |
| Total assets | US$20.92m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PPW0's short term assets ($18.6M) exceed its short term liabilities ($8.5M).
Long Term Liabilities: PPW0's short term assets ($18.6M) exceed its long term liabilities ($840.0K).
Debt to Equity History and Analysis
Debt Level: PPW0's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: PPW0's debt to equity ratio has increased from 5.1% to 42.6% 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: PPW0 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PPW0 has less than a year of cash runway if free cash flow continues to grow at historical rates of 7.8% each year.