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
Polar Power (NASDAQ:POLA) Has Debt But No Earnings; Should You Worry?
Sep 25
Does Polar Power (NASDAQ:POLA) Have A Healthy Balance Sheet?
May 30Recent updates
Polar Power, Inc. (NASDAQ:POLA) Surges 33% Yet Its Low P/S Is No Reason For Excitement
Sep 28Polar Power (NASDAQ:POLA) Has Debt But No Earnings; Should You Worry?
Sep 25Even With A 47% Surge, Cautious Investors Are Not Rewarding Polar Power, Inc.'s (NASDAQ:POLA) Performance Completely
Jul 12Does Polar Power (NASDAQ:POLA) Have A Healthy Balance Sheet?
May 30Investors Aren't Buying Polar Power, Inc.'s (NASDAQ:POLA) Revenues
Apr 03Polar Power, Inc. (NASDAQ:POLA) Stock's 48% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Dec 21Here's Why We Think Polar Power, Inc.'s (NASDAQ:POLA) CEO Compensation Looks Fair
Dec 14Does Polar Power (NASDAQ:POLA) Have A Healthy Balance Sheet?
Aug 29Does Polar Power (NASDAQ:POLA) Have A Healthy Balance Sheet?
Apr 12Shareholders Will Probably Not Have Any Issues With Polar Power, Inc.'s (NASDAQ:POLA) CEO Compensation
Dec 15Polar Power GAAP EPS of -$0.06, revenue of $4.2M
Aug 15Health Check: How Prudently Does Polar Power (NASDAQ:POLA) Use Debt?
Nov 09Is Polar Power (NASDAQ:POLA) Using Too Much Debt?
Jul 15Did You Miss Polar Power's (NASDAQ:POLA) Whopping 355% Share Price Gain?
Mar 08Polar Power: This Meteoric Rally Is Not Fueled By Fundamentals
Jan 29What Is The Ownership Structure Like For Polar Power, Inc. (NASDAQ:POLA)?
Jan 13
The Polar Power (NASDAQ:POLA) Share Price Has Gained 104%, So Why Not Pay It Some Attention?
Nov 21Financial Position Analysis
Short Term Liabilities: POLA's short term assets ($18.6M) exceed its short term liabilities ($8.5M).
Long Term Liabilities: POLA's short term assets ($18.6M) exceed its long term liabilities ($840.0K).
Debt to Equity History and Analysis
Debt Level: POLA's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: POLA'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: POLA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: POLA has less than a year of cash runway if free cash flow continues to grow at historical rates of 7.8% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/03 01:01 |
| End of Day Share Price | 2025/02/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 * |
|---|---|---|---|
| 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 here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Polar Power, Inc. is covered by 2 analysts. 0 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 |
|---|---|
| Craig Irwin | Roth Capital Partners |
| Ashok Kumar | ThinkEquity LLC |