Polaris Balance Sheet Health
Financial Health criteria checks 5/6
Polaris has a total shareholder equity of $1.4B and total debt of $2.1B, which brings its debt-to-equity ratio to 149.1%. Its total assets and total liabilities are $5.6B and $4.2B respectively. Polaris's EBIT is $578.8M making its interest coverage ratio 4.5. It has cash and short-term investments of $323.5M.
Key information
149.1%
Debt to equity ratio
US$2.06b
Debt
Interest coverage ratio | 4.5x |
Cash | US$323.50m |
Equity | US$1.38b |
Total liabilities | US$4.19b |
Total assets | US$5.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KJQ's short term assets ($2.7B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: 0KJQ's short term assets ($2.7B) exceed its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: 0KJQ's net debt to equity ratio (125.7%) is considered high.
Reducing Debt: 0KJQ's debt to equity ratio has reduced from 237.5% to 149.1% over the past 5 years.
Debt Coverage: 0KJQ's debt is well covered by operating cash flow (33.8%).
Interest Coverage: 0KJQ's interest payments on its debt are well covered by EBIT (4.5x coverage).