PIF.TO
Price:
$12.4
Market Cap:
$188.15M
Polaris Renewable Energy Inc. engages in the acquisition, development, and operation of renewable energy projects in Latin America. The company operates a 72 MW net geothermal facility in Nicaragua; and three run-of-river hydroelectric facilities in Peru with approximately 5 MW net, 8 MW net, and 20 MW net capacity. It also operates a solar project in the Dominican Republic with 32.6 MWdc. The company was formerly known as Polaris Infrastructure Inc. and changed its name to Polaris Renewable Energy Inc. in July 2022. Polaris Renewable Energy Inc. was incorporated in 1984 and is based in Toronto, Canada.[Read more]
Industry
Renewable Utilities
IPO Date
2007-01-19
Stock Exchange
TSX
Ticker
PIF.TO
According to Polaris Renewable Energy Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.86. This represents a change of 2.70% compared to the average of 1.81 of the last 4 quarters.
The mean historical Current Ratio of Polaris Renewable Energy Inc. over the last ten years is 2.25. The current 1.86 Current Ratio has changed 8.16% with respect to the historical average. Over the past ten years (40 quarters), PIF.TO's Current Ratio was at its highest in in the March 2022 quarter at 5.86. The Current Ratio was at its lowest in in the December 2014 quarter at 0.13.
Average
2.25
Median
2.01
Minimum
0.13
Maximum
4.45
Discovering the peaks and valleys of Polaris Renewable Energy Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 3.35%
Maximum Annual Current Ratio = 4.45
Minimum Annual Increase = -89.28%
Minimum Annual Current Ratio = 0.13
Year | Current Ratio | Change |
---|---|---|
2023 | 1.72 | 4.21% |
2022 | 1.65 | -48.48% |
2021 | 3.21 | 40.02% |
2020 | 2.29 | 65.07% |
2019 | 1.39 | 3.59% |
2018 | 1.34 | -41.62% |
2017 | 2.30 | -42.22% |
2016 | 3.98 | -10.66% |
2015 | 4.45 | 3.35% |
2014 | 0.13 | -89.28% |
The current Current Ratio of Polaris Renewable Energy Inc. (PIF.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
2.20
5-year avg
2.05
10-year avg
2.25
Polaris Renewable Energy Inc.’s Current Ratio is greater than Innergex Renewable Energy Inc. (0.57), greater than Boralex Inc. (0.96), greater than Northland Power Inc. (0.86), greater than Viemed Healthcare, Inc. (1.14), greater than TransAlta Renewables Inc. (0.87),
Company | Current Ratio | Market cap |
---|---|---|
0.57 | $1.82B | |
0.96 | $3.47B | |
0.86 | $5.51B | |
1.14 | $402.21M | |
0.87 | $3.33B |
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