Polaris Inc. (PII) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.59B | 2.21B | 2.6B | 2.61B | 2.59B | 2.63B | 2.73B | 2.8B | 2.73B | 2.69B | 3.04B | 2.89B | 2.79B | 2.77B | 2.83B | 2.87B | 2.66B | 2.56B | 2.45B | 2.13B |
| Cash & Short-Term Investments | 282M | 138M | 335.5M | 324.3M | 291.7M | 287.8M | 291.3M | 322.7M | 318.8M | 367.8M | 295.3M | 340.4M | 322.9M | 324.5M | 318.9M | 314.2M | 375.4M | 502.3M | 316.5M | 288.8M |
| Cash Only | 282M | 138M | 335.5M | 324.3M | 291.7M | 287.8M | 291.3M | 322.7M | 318.8M | 367.8M | 295.3M | 340.4M | 322.9M | 324.5M | 318.9M | 314.2M | 375.4M | 502.3M | 316.5M | 288.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 249M | 239.5M | 259.3M | 270M | 240.5M | 207.4M | 281.6M | 266M | 265.2M | 315.4M | 519M | 312.9M | 327.1M | 363.3M | 428.2M | 301M | 253.3M | 231.9M | 243.3M | 220.6M |
| Days Sales Outstanding | 13.25 | 11.94 | 13.22 | 12.54 | 13.12 | 12.81 | 14.62 | 12.32 | 15.21 | 16.77 | 17.02 | 13.14 | 14.25 | 15.14 | 14.33 | 12.23 | 12.26 | 10.97 | 12 | 10.91 |
| Inventory | 1.57B | 1.41B | 1.7B | 1.7B | 1.75B | 1.74B | 2B | 2B | 1.95B | 1.81B | 2.05B | 2.02B | 1.95B | 1.9B | 1.93B | 1.91B | 1.88B | 1.51B | 1.77B | 1.51B |
| Days Inventory Outstanding | 101.29 | 93.29 | 105.53 | 103.93 | 120.29 | 121.51 | 133.06 | 115.5 | 120.16 | 97.26 | 106.87 | 104.79 | 100.38 | 95.4 | 98.47 | 107.56 | 105.87 | 94.17 | 110.32 | 91.06 |
| Other Current Assets | 491.5M | 416.7M | 311.1M | 320.6M | 313.5M | 395.7M | 156.4M | 210.9M | 195.8M | 198M | 177.3M | 210.6M | 190.1M | 183.7M | 0 | 168.2M | 0 | 153.6M | 0 | 0 |
| Total Non-Current Assets | 2.65B | 2.69B | 2.7B | 2.78B | 2.86B | 2.89B | 2.9B | 2.91B | 2.83B | 2.82B | 2.69B | 2.58B | 2.5B | 2.45B | 2.26B | 2.37B | 2.47B | 2.49B | 2.42B | 2.39B |
| Property, Plant & Equipment | 1.11B | 1.15B | 1.2B | 1.27B | 1.28B | 1.31B | 1.33B | 1.35B | 1.36B | 1.35B | 1.29B | 1.24B | 1.17B | 1.13B | 1.06B | 1.05B | 1.17B | 1.02B | 1.1B | 1.02B |
| Fixed Asset Turnover | 1.47x | 1.63x | 1.49x | 1.45x | 1.18x | 1.33x | 1.28x | 1.45x | 1.28x | 1.74x | 1.78x | 1.84x | 1.90x | 2.19x | 2.21x | 1.86x | 1.63x | 1.88x | 1.68x | 1.89x |
| Goodwill | 0 | 0 | 348.6M | 348.6M | 396.3M | 393.5M | 399.1M | 395.7M | 392.4M | 394.4M | 389.4M | 387.4M | 387.5M | 386.2M | 379.7M | 385.5M | 390.3M | 391.3M | 393.2M | 395.1M |
| Intangible Assets | 0 | 800M | 526.1M | 532.2M | 537.1M | 542.7M | 559M | 564.5M | 507.3M | 512M | 517.7M | 515.8M | 520.2M | 524.4M | 527.9M | 533.2M | 639.1M | 543.9M | 660M | 668.8M |
| Long-Term Investments | 0 | 131.5M | 127.6M | 142.9M | 141.1M | 136.7M | 140M | 142.4M | 139.6M | 141.1M | 109.7M | 98.7M | 96.5M | 93.1M | 58.6M | 37.1M | 33.3M | 49.3M | 31.4M | 29.3M |
| Other Non-Current Assets | 226.3M | 78.5M | 75.8M | 73.6M | 120.3M | 121.4M | 142.1M | 139.4M | 136.8M | 135.8M | 132.7M | 103M | 107.2M | 106.7M | 78.9M | 123.5M | 91.4M | 323.2M | 81.2M | 115.1M |
| Total Assets | 5.24B | 4.89B | 5.31B | 5.39B | 5.45B | 5.53B | 5.63B | 5.71B | 5.57B | 5.52B | 5.73B | 5.47B | 5.29B | 5.22B | 5.09B | 5.24B | 5.13B | 5.05B | 4.87B | 4.53B |
| Asset Turnover | 0.33x | 0.38x | 0.34x | 0.34x | 0.28x | 0.31x | 0.30x | 0.35x | 0.31x | 0.41x | 0.40x | 0.41x | 0.41x | 0.47x | 0.45x | 0.40x | 0.35x | 0.40x | 0.38x | 0.42x |
| Asset Growth % | -3.83% | -11.43% | -5.76% | -5.62% | -2.1% | 0.16% | -1.8% | 4.38% | 5.25% | 5.72% | 12.56% | 4.4% | 3.14% | 3.37% | 4.58% | 15.77% | 13.63% | 8.96% | 1.81% | 4.93% |
| Total Current Liabilities | 2.13B | 2.24B | 2.55B | 2.5B | 2.31B | 2.29B | 2.25B | 1.98B | 1.86B | 1.93B | 2.44B | 2.41B | 2.3B | 2.33B | 2.21B | 2.34B | 2.25B | 2.23B | 1.84B | 1.82B |
| Accounts Payable | 833.5M | 762.5M | 808.8M | 773.9M | 723.6M | 562.8M | 700.7M | 785.4M | 779M | 713.1M | 882.4M | 897M | 870.1M | 847.6M | 850.8M | 978.8M | 978.5M | 776M | 928.2M | 899.3M |
| Days Payables Outstanding | 54.25 | 47.14 | 49.19 | 45.16 | 44.34 | 41.05 | 49.44 | 45.7 | 47.64 | 40.18 | 46.66 | 46.62 | 44.86 | 42.36 | 46.95 | 55.58 | 54.79 | 48.86 | 61.31 | 56.41 |
| Short-Term Debt | 0 | 34.8M | 463.4M | 434.5M | 434.3M | 434.3M | 454.4M | 54.1M | 54M | 54M | 553.9M | 553.7M | 553.6M | 553.6M | 553.5M | 553.3M | 553.3M | 553.3M | 53.3M | 53.1M |
| Deferred Revenue (Current) | 0 | 0 | 36.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.13B | 1.45B | 1B | 154.3M | 109.4M | 145.9M | 164M | 127.5M | 114.7M | 212.7M | 208.5M | 160.8M | 131.7M | 212.3M | 345.5M | 369.8M | 247.2M | 107.8M | 378.4M | 353.6M |
| Current Ratio | 1.21x | 0.98x | 1.02x | 1.04x | 1.12x | 1.15x | 1.21x | 1.42x | 1.47x | 1.39x | 1.25x | 1.20x | 1.21x | 1.19x | 1.28x | 1.22x | 1.18x | 1.15x | 1.33x | 1.17x |
| Quick Ratio | 0.48x | 0.35x | 0.36x | 0.37x | 0.37x | 0.39x | 0.32x | 0.40x | 0.42x | 0.46x | 0.41x | 0.36x | 0.37x | 0.37x | 0.41x | 0.41x | 0.34x | 0.47x | 0.37x | 0.34x |
| Cash Conversion Cycle | 60.29 | 58.09 | 69.56 | 71.3 | 89.07 | 93.28 | 98.24 | 82.12 | 87.73 | 73.85 | 77.23 | 71.3 | 69.77 | 68.19 | 65.85 | 64.21 | 63.34 | 56.28 | 61.02 | 45.56 |
| Total Non-Current Liabilities | 2.35B | 1.81B | 1.6B | 1.69B | 1.91B | 1.94B | 2.03B | 2.39B | 2.33B | 2.16B | 1.96B | 1.81B | 1.84B | 1.79B | 1.86B | 1.83B | 1.76B | 1.59B | 1.81B | 1.58B |
| Long-Term Debt | 2.06B | 1.5B | 1.38B | 1.39B | 1.62B | 1.64B | 1.73B | 2.09B | 2.01B | 1.85B | 1.66B | 1.51B | 1.55B | 1.5B | 1.57B | 1.45B | 1.38B | 1.24B | 1.46B | 1.26B |
| Capital Lease Obligations | 0 | 0 | 100.2M | 96.7M | 96.5M | 99.7M | 103.7M | 108.6M | 114.6M | 115.1M | 104.3M | 95.3M | 87.1M | 87M | 93M | 99.6M | 157.7M | 83.4M | 140.8M | 104.3M |
| Deferred Tax Liabilities | 0 | 0 | 6.5M | 6.5M | 6.2M | 6.1M | 2.6M | 2.6M | 2.7M | 2.7M | 4.5M | 4.6M | 4.6M | 4.6M | 4.9M | 5.2M | 5.4M | 5.5M | 4.2M | 4.3M |
| Other Non-Current Liabilities | 290.5M | 306.1M | 28.9M | 199.2M | 184.2M | 194M | 199.6M | 190.5M | 194.7M | 189.5M | 195.1M | 198M | 195.7M | 192M | 191.9M | 267.3M | 211.8M | 267.2M | 209.5M | 207.4M |
| Total Liabilities | 4.48B | 4.05B | 4.14B | 4.2B | 4.22B | 4.23B | 4.28B | 4.37B | 4.19B | 4.1B | 4.4B | 4.22B | 4.14B | 4.12B | 4.07B | 4.17B | 4.01B | 3.82B | 3.66B | 3.4B |
| Total Debt | 2.06B | 1.54B | 1.95B | 1.95B | 2.18B | 2.2B | 2.31B | 2.28B | 2.21B | 2.05B | 2.34B | 2.18B | 2.22B | 2.17B | 2.24B | 2.13B | 2.14B | 1.89B | 1.69B | 1.46B |
| Net Debt | 1.77B | 1.4B | 1.61B | 1.63B | 1.89B | 1.91B | 2.02B | 1.96B | 1.89B | 1.69B | 2.05B | 1.84B | 1.89B | 1.84B | 1.92B | 1.82B | 1.76B | 1.39B | 1.37B | 1.17B |
| Debt / Equity | 2.72x | 1.83x | 1.68x | 1.64x | 1.77x | 1.70x | 1.72x | 1.70x | 1.60x | 1.44x | 1.75x | 1.75x | 1.92x | 1.97x | 2.20x | 1.98x | 1.91x | 1.54x | 1.39x | 1.30x |
| Debt / EBITDA | - | 78.15x | 16.48x | 20.53x | 88.64x | 19.27x | 17.59x | 13.56x | 29.23x | 10.32x | 9.52x | 9.31x | 10.73x | 7.11x | 7.51x | 8.93x | 14.70x | 9.18x | 8.41x | 5.88x |
| Net Debt / EBITDA | - | 71.14x | 13.64x | 17.12x | 76.78x | 16.75x | 15.37x | 11.64x | 25.02x | 8.47x | 8.32x | 7.85x | 9.16x | 6.05x | 6.45x | 7.61x | 12.12x | 6.74x | 6.84x | 4.71x |
| Interest Coverage | -1.82x | -10.51x | 0.64x | -1.76x | -1.05x | 1.35x | 1.93x | 3.38x | 1.23x | 4.53x | 6.22x | 6.19x | 5.61x | 9.84x | 12.45x | 14.14x | 10.26x | 12.33x | 17.97x | 24.60x |
| Total Equity | 755.1M | 839.6M | 1.16B | 1.19B | 1.23B | 1.29B | 1.35B | 1.34B | 1.38B | 1.42B | 1.34B | 1.25B | 1.15B | 1.1B | 1.02B | 1.07B | 1.12B | 1.23B | 1.21B | 1.12B |
| Equity Growth % | -38.64% | -35.12% | -13.76% | -11.42% | -10.86% | -8.92% | 0.77% | 7.49% | 19.55% | 28.99% | 30.98% | 16.36% | 3.05% | -10.18% | -16.01% | -4.34% | 5.62% | 7.12% | 28.05% | 49% |
| Book Value per Share | 13.16 | 14.76 | 20.39 | 20.90 | 21.63 | 22.78 | 23.81 | 23.60 | 24.14 | 24.84 | 23.10 | 21.61 | 19.88 | 18.83 | 16.99 | 17.75 | 18.31 | 19.72 | 19.48 | 17.87 |
| Total Shareholders' Equity | 750.4M | 828.4M | 1.15B | 1.19B | 1.23B | 1.29B | 1.34B | 1.34B | 1.38B | 1.42B | 1.33B | 1.25B | 1.15B | 1.1B | 1.02B | 1.07B | 1.12B | 1.22B | 1.21B | 1.12B |
| Common Stock | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K |
| Retained Earnings | -560.3M | -469M | -127.3M | -71.7M | 45.2M | 148.9M | 173M | 182.6M | 197.3M | 243.5M | 190.7M | 122.1M | 57.3M | 33.8M | -20.2M | 3.1M | 45M | 157.3M | 150.5M | 73.5M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -38.7M | -32.1M | -40.7M | -43.7M | -98.2M | -125.5M | -86.3M | -88.1M | -63.6M | -57.5M | -80.3M | -63.1M | -74.7M | -87.5M | -119M | -93.7M | -69.8M | -77.4M | -73.9M | -63.5M |
| Minority Interest | 4.7M | 11.2M | 10.9M | 4.3M | 4.2M | 4.2M | 4M | 4.7M | 2.5M | 2.4M | 2.5M | 2.7M | 2.7M | 2.5M | 2.5M | 2.2M | 2M | 2M | 1.9M | 1.7M |