Polar Power, Inc. (POLA) 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 | 11.16M | 10.03M | 11.82M | 15.24M | 14.96M | 15.6M | 18.65M | 19.59M | 20.95M | 21.99M | 24.76M | 25.54M | 24.85M | 23.32M | 24.32M | 25.81M | 24.34M | 25.15M | 24.73M | 25.66M |
| Cash & Short-Term Investments | 27K | 200K | 4K | 175K | 68K | 498K | 498K | 1.12M | 212K | 549K | 296K | 292K | 119K | 211K | 363K | 2.66M | 4.19M | 5.1M | 7.71M | 8.54M |
| Cash Only | 27K | 200K | 4K | 175K | 68K | 498K | 498K | 1.12M | 212K | 549K | 296K | 292K | 119K | 211K | 363K | 2.66M | 4.19M | 5.1M | 7.71M | 8.54M |
| 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 | 1.51M | 330K | 856K | 2.03M | 1.69M | 2.15M | 2.95M | 2.31M | 4.07M | 4.46M | 4.37M | 6.5M | 6M | 5.02M | 4M | 6.78M | 6.4M | 7.03M | 4.31M | 5.67M |
| Days Sales Outstanding | 47.94 | 90.93 | 104.32 | 62.47 | 100.29 | 89.51 | 49.23 | 62.28 | 218.71 | 112.7 | 261.75 | 101.86 | 118.35 | 65.18 | 290.61 | 140.35 | 162.98 | 112.81 | 110.93 | 100.78 |
| Inventory | 9.55M | 9.43M | 10.89M | 12.99M | 13.13M | 12.89M | 15.03M | 15.78M | 16.22M | 16.52M | 19.16M | 17.69M | 16.88M | 15.46M | 15.63M | 11.98M | 10.48M | 9.02M | 8.6M | 8.22M |
| Days Inventory Outstanding | 1.44K | 340.47 | 310.99 | 668.6 | 834.79 | 308.6 | 406.03 | 514.8 | 683.4 | 326.01 | 839.44 | 382.46 | 423.6 | 239.92 | 649.98 | 318.2 | 312.98 | 265.41 | 244 | 196.67 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 284K | 406K | 524K | 1.3M | 1.63M | 1.95M | 2.27M | 2.59M | 2.92M | 3.27M | 3.63M | 2.78M | 2.95M | 871K | 1.16M | 1.44M | 1.73M | 2.03M | 2.26M | 2.55M |
| Property, Plant & Equipment | 284K | 406K | 416K | 1.2M | 1.52M | 1.84M | 2.16M | 2.48M | 2.81M | 3.16M | 3.53M | 2.68M | 2.86M | 778K | 1.07M | 1.35M | 1.64M | 1.93M | 2.17M | 2.45M |
| Fixed Asset Turnover | 5.01x | 1.46x | 1.58x | 1.99x | 1.02x | 1.31x | 2.12x | 1.76x | 0.59x | 1.08x | 0.62x | 2.02x | 2.31x | 6.90x | 1.41x | 2.86x | 2.08x | 2.25x | 1.79x | 1.86x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 108K | 108K | 108K | 108K | 108K | 108K | 108K | 108K | 108K | 93K | 93K | 93K | 93K | 93K | 93K | 93K | 94K | 94K |
| Total Assets | 11.45M | 10.44M | 12.35M | 16.55M | 16.59M | 17.55M | 20.92M | 22.18M | 23.86M | 25.26M | 28.4M | 28.31M | 27.8M | 24.19M | 25.48M | 27.25M | 26.07M | 27.18M | 26.99M | 28.21M |
| Asset Turnover | 0.16x | 0.05x | 0.09x | 0.16x | 0.10x | 0.14x | 0.23x | 0.20x | 0.07x | 0.13x | 0.07x | 0.20x | 0.16x | 0.26x | 0.06x | 0.16x | 0.14x | 0.17x | 0.15x | 0.17x |
| Asset Growth % | -31.01% | -40.52% | -40.97% | -25.4% | -30.47% | -30.54% | -26.34% | -21.66% | -14.16% | 4.43% | 11.44% | 3.89% | 6.62% | -11.01% | -5.6% | -3.39% | -8.83% | 52.71% | 26.22% | 25.29% |
| Total Current Liabilities | 9.06M | 10.29M | 9.45M | 9.49M | 9.14M | 8.56M | 8.52M | 9.44M | 11.28M | 10.21M | 11.45M | 10.14M | 8.97M | 5.95M | 5.87M | 5.67M | 3.61M | 3.39M | 3.37M | 5.29M |
| Accounts Payable | 2.62M | 2.51M | 1.51M | 858K | 709K | 408K | 346K | 597K | 1.19M | 1.76M | 1.99M | 1.43M | 1.02M | 230K | 425K | 135K | 544K | 328K | 209K | 372K |
| Days Payables Outstanding | 388.76 | 67.25 | 30.79 | 40.1 | 35.83 | 8.33 | 12.43 | 28.82 | 61.7 | 34.27 | 77.85 | 27.14 | 16.43 | 5.06 | 13.18 | 9.62 | 13.99 | 8.09 | 8.43 | 9.35 |
| Short-Term Debt | 4.88M | 5.56M | 6M | 6.85M | 6.56M | 6.45M | 6.25M | 6.22M | 6.41M | 5.68M | 6.56M | 5.94M | 3.92M | 2.36M | 701K | 836K | 936K | 963K | 948K | 2.65M |
| Deferred Revenue (Current) | 756K | 764K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 807K | 1.46M | 1.94M | 1.78M | 1.88M | 1.71M | 1.92M | 2.63M | 3.68M | 2.77M | 2.9M | 2.78M | 4.03M | 3.36M | 4.75M | 4.7M | 2.13M | 2.1M | 2.21M | 2.27M |
| Current Ratio | 1.23x | 0.97x | 1.25x | 1.61x | 1.64x | 1.82x | 2.19x | 2.08x | 1.86x | 2.15x | 2.16x | 2.52x | 2.77x | 3.92x | 4.14x | 4.55x | 6.73x | 7.41x | 7.34x | 4.85x |
| Quick Ratio | 0.18x | 0.06x | 0.10x | 0.24x | 0.20x | 0.32x | 0.42x | 0.40x | 0.42x | 0.54x | 0.49x | 0.77x | 0.89x | 1.32x | 1.48x | 2.44x | 3.83x | 4.75x | 4.78x | 3.30x |
| Cash Conversion Cycle | 1.1K | 364.14 | 384.51 | 690.97 | 899.26 | 389.78 | 442.83 | 548.27 | 840.41 | 404.44 | 1.02K | 457.18 | 525.53 | 300.04 | 927.4 | 448.94 | 461.96 | 370.12 | 346.5 | 288.11 |
| Total Non-Current Liabilities | 0 | 39K | 76K | 76K | 197K | 474K | 840K | 1.19M | 1.54M | 1.86M | 2.16M | 1.53M | 1.76M | 57K | 81K | 190K | 328K | 536K | 783K | 1.02M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 76K | 76K | 197K | 474K | 840K | 1.19M | 1.54M | 1.86M | 2.16M | 1.53M | 1.76M | 57K | 81K | 190K | 328K | 536K | 783K | 1.02M |
| Deferred Tax Liabilities | 0 | 39K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 9.06M | 10.29M | 9.52M | 9.56M | 9.34M | 9.03M | 9.36M | 10.63M | 12.81M | 12.07M | 13.61M | 11.68M | 10.73M | 6.01M | 5.96M | 5.86M | 3.94M | 3.93M | 4.15M | 6.31M |
| Total Debt | 4.88M | 5.56M | 6.08M | 6.93M | 6.75M | 6.92M | 7.09M | 7.41M | 7.95M | 7.54M | 8.72M | 7.47M | 5.68M | 2.42M | 782K | 1.03M | 1.26M | 1.5M | 1.73M | 3.67M |
| Net Debt | 4.85M | 5.36M | 6.07M | 6.75M | 6.68M | 6.42M | 6.59M | 6.29M | 7.73M | 6.99M | 8.43M | 7.18M | 5.56M | 2.21M | 419K | -1.63M | -2.92M | -3.6M | -5.97M | -4.87M |
| Debt / Equity | 2.04x | 38.62x | 2.15x | 0.99x | 0.93x | 0.81x | 0.61x | 0.64x | 0.72x | 0.57x | 0.59x | 0.45x | 0.33x | 0.13x | 0.04x | 0.05x | 0.06x | 0.06x | 0.08x | 0.17x |
| Debt / EBITDA | 121.93x | - | - | - | - | - | 109.05x | 14.39x | - | - | - | - | - | - | - | - | - | 2.70x | - | - |
| Net Debt / EBITDA | 121.25x | - | - | - | - | - | 101.38x | 12.22x | - | - | - | - | - | - | - | - | - | -6.48x | - | - |
| Interest Coverage | 0.12x | -18.84x | -16.45x | -0.58x | -6.71x | -18.93x | 1.08x | 2.57x | -12.14x | -16.15x | -9.78x | -2.46x | -13.27x | -69.74x | -197.42x | -51.79x | -85.15x | 30.50x | 68.29x | -56.73x |
| Total Equity | 2.39M | 144K | 2.82M | 6.98M | 7.25M | 8.51M | 11.56M | 11.55M | 11.05M | 13.19M | 14.79M | 16.63M | 17.07M | 18.18M | 19.52M | 21.39M | 22.13M | 23.25M | 22.84M | 21.89M |
| Equity Growth % | -67.06% | -98.31% | -75.58% | -39.52% | -34.33% | -35.46% | -21.82% | -30.57% | -35.28% | -27.46% | -24.26% | -22.25% | -22.87% | -21.8% | -14.5% | -2.3% | -2.77% | 102.33% | 54.03% | 37.9% |
| Book Value per Share | 0.69 | 0.06 | 1.12 | 2.78 | 2.89 | 3.39 | 4.61 | 1.46 | 1.40 | 0.99 | 1.14 | 1.28 | 1.32 | 1.40 | 1.52 | 1.67 | 1.73 | 1.82 | 1.78 | 1.71 |
| Total Shareholders' Equity | 2.39M | 144K | 2.82M | 6.98M | 7.25M | 8.51M | 11.56M | 11.55M | 11.05M | 13.19M | 14.79M | 16.63M | 17.07M | 18.18M | 19.52M | 21.39M | 22.13M | 23.25M | 22.84M | 21.89M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 2K | 2K | 2K | 2K | 2K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K |
| Retained Earnings | -39.65M | -39.47M | -36.03M | -31.87M | -31.6M | -30.34M | -27.29M | -27.3M | -27.8M | -25.66M | -22.5M | -20.66M | -20.22M | -19.11M | -17.77M | -15.39M | -14.65M | -13.53M | -13.94M | -14.88M |
| Treasury Stock | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K | -40K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |