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
Does Polar Power (NASDAQ:POLA) Have A Healthy Balance Sheet?
Aug 29
Does Polar Power (NASDAQ:POLA) Have A Healthy Balance Sheet?
Apr 12Health Check: How Prudently Does Polar Power (NASDAQ:POLA) Use Debt?
Nov 09Recent updates
Investors 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 ($22.0M) exceed its short term liabilities ($10.2M).
Long Term Liabilities: POLA's short term assets ($22.0M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: POLA's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: POLA'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: 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 reduce at historical rates of 5.3% each year