Polaris Renewable Energy Inc.

Polaris Renewable Energy Inc.verified

PIF.TO

Price:

$12.72

Market Cap:

$197.66M

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

The Current Ratio as of September 2024 (TTM) for Polaris Renewable Energy Inc. (PIF.TO) is 1.86

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.

Polaris Renewable Energy Inc. (PIF.TO) Historical Current Ratio (quarterly & annually)

How has PIF.TO Current Ratio performed in the past?

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.

Quarterly (TTM)
Annual

Average

2.25

Median

2.01

Minimum

0.13

Maximum

4.45

Polaris Renewable Energy Inc. (PIF.TO) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.724.21%
20221.65-48.48%
20213.2140.02%
20202.2965.07%
20191.393.59%
20181.34-41.62%
20172.30-42.22%
20163.98-10.66%
20154.453.35%
20140.13-89.28%

Polaris Renewable Energy Inc. (PIF.TO) Average Current Ratio

How has PIF.TO Current Ratio performed in the past?

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. (PIF.TO) Current Ratio vs. Peers

How is PIF.TO’s Current Ratio compared to its peers?

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),

Build a custom stock screener for Polaris Renewable Energy Inc. (PIF.TO) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Polaris Renewable Energy Inc. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Polaris Renewable Energy Inc. (PIF.TO) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Polaris Renewable Energy Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the Current Ratio?

How can you use the Current Ratio?

What is Polaris Renewable Energy Inc.'s Current Ratio?

How is the Current Ratio calculated for Polaris Renewable Energy Inc. (PIF.TO)?

What is the highest Current Ratio for Polaris Renewable Energy Inc. (PIF.TO)?

What is the 3-year average Current Ratio for Polaris Renewable Energy Inc. (PIF.TO)?

What is the 5-year average Current Ratio for Polaris Renewable Energy Inc. (PIF.TO)?

How does the current Current Ratio for Polaris Renewable Energy Inc. (PIF.TO) compare to its historical average?