Polished.com Balance Sheet Health
Financial Health criteria checks 3/6
Polished.com has a total shareholder equity of $54.4M and total debt of $93.0M, which brings its debt-to-equity ratio to 171.1%. Its total assets and total liabilities are $238.8M and $184.5M respectively.
Key information
171.1%
Debt to equity ratio
US$93.02m
Debt
| Interest coverage ratio | n/a |
| Cash | US$9.81m |
| Equity | US$54.37m |
| Total liabilities | US$184.45m |
| Total assets | US$238.82m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POLC's short term assets ($107.5M) exceed its short term liabilities ($91.0M).
Long Term Liabilities: POLC's short term assets ($107.5M) exceed its long term liabilities ($93.5M).
Debt to Equity History and Analysis
Debt Level: POLC's net debt to equity ratio (153.1%) is considered high.
Reducing Debt: POLC's debt to equity ratio has increased from 0% to 171.1% 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: POLC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: POLC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 51.2% each year