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
Is Polaris (NYSE:PII) A Risky Investment?
Feb 20
Is Polaris (NYSE:PII) Using Too Much Debt?
Nov 16Polaris (NYSE:PII) Seems To Use Debt Quite Sensibly
Aug 03Is Polaris (NYSE:PII) A Risky Investment?
Apr 06Is Polaris (NYSE:PII) A Risky Investment?
Nov 13Recent updates
Shareholders Will Probably Hold Off On Increasing Polaris Inc.'s (NYSE:PII) CEO Compensation For The Time Being
Apr 19Polaris: Down 35% Since Last Year, It's Time To Buy
Apr 13Is Now The Time To Look At Buying Polaris Inc. (NYSE:PII)?
Mar 07Is Polaris (NYSE:PII) A Risky Investment?
Feb 20Polaris (NYSE:PII) Is Increasing Its Dividend To $0.66
Feb 05Polaris: Challenging Operating Conditions Persist Through Q4
Feb 05There's No Escaping Polaris Inc.'s (NYSE:PII) Muted Earnings
Feb 01Why We Like The Returns At Polaris (NYSE:PII)
Jan 17Polaris Gives You Value, And Amazing Upside Potential
Jan 04Is Polaris (NYSE:PII) Using Too Much Debt?
Nov 16At US$86.42, Is It Time To Put Polaris Inc. (NYSE:PII) On Your Watch List?
Nov 01Polaris Q3 Earnings: A Cautious Consumer And Higher Costs Weaken The Outlook
Oct 25Under The Bonnet, Polaris' (NYSE:PII) Returns Look Impressive
Oct 17Polaris: Cheaper Than Before, But Still Not At A Discount
Oct 04We Ran A Stock Scan For Earnings Growth And Polaris (NYSE:PII) Passed With Ease
Sep 10Polaris (NYSE:PII) Seems To Use Debt Quite Sensibly
Aug 03Polaris: Positive Q2 Results, Shares Fairly Valued
Jul 26Should You Investigate Polaris Inc. (NYSE:PII) At US$132?
Jul 19Still Happily Avoiding Polaris
Jul 18Polaris (NYSE:PII) Could Become A Multi-Bagger
Jul 06Is There An Opportunity With Polaris Inc.'s (NYSE:PII) 37% Undervaluation?
Jun 22If EPS Growth Is Important To You, Polaris (NYSE:PII) Presents An Opportunity
Jun 08Polaris: A Tricky Prospect At This Valuation, But Still A Buy
Jun 07Polaris' (NYSE:PII) Shareholders Will Receive A Bigger Dividend Than Last Year
May 22Polaris' (NYSE:PII) Dividend Will Be Increased To $0.65
May 01Is Polaris (NYSE:PII) A Risky Investment?
Apr 06Polaris (NYSE:PII) Knows How To Allocate Capital Effectively
Mar 22Is Polaris Inc. (NYSE:PII) Potentially Undervalued?
Mar 07Polaris' (NYSE:PII) Upcoming Dividend Will Be Larger Than Last Year's
Feb 20Polaris (NYSE:PII) Is Paying Out A Larger Dividend Than Last Year
Feb 06We Ran A Stock Scan For Earnings Growth And Polaris (NYSE:PII) Passed With Ease
Feb 02Polaris Q4 2022 Earnings Preview
Jan 30Polaris Is Still Too Expensive
Jan 20Is There An Opportunity With Polaris Inc.'s (NYSE:PII) 38% Undervaluation?
Jan 19How Polaris Fares With My Investment Criteria
Jan 09Investors Shouldn't Overlook The Favourable Returns On Capital At Polaris (NYSE:PII)
Dec 01Is Polaris (NYSE:PII) A Risky Investment?
Nov 13Polaris: Still Worth Consideration Ahead Of Q3 2022 Earnings
Oct 22Is It Too Late To Consider Buying Polaris Inc. (NYSE:PII)?
Sep 30Polaris: Buying Straw Hats In Winter
Sep 02We Think Polaris (NYSE:PII) Might Have The DNA Of A Multi-Bagger
Aug 28Polaris: Inflation Has Resulted In Contracted Profit Margins
Aug 02Financial Position Analysis
Short Term Liabilities: PII's short term assets ($2.7B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: PII's short term assets ($2.7B) exceed its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: PII's net debt to equity ratio (125.7%) is considered high.
Reducing Debt: PII's debt to equity ratio has reduced from 237.5% to 149.1% over the past 5 years.
Debt Coverage: PII's debt is well covered by operating cash flow (33.8%).
Interest Coverage: PII's interest payments on its debt are well covered by EBIT (4.5x coverage).