Polar Power, Inc.

Polar Power, Inc.verified

POLA

Price:

$3.38

Market Cap:

$8.48M

Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats. The company serves customers in the telecommunications, military, commercial, industrial, and marine markets. It sells its products through a direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar ...[Read more]

Industry

Electrical Equipment & Parts

IPO Date

2016-12-07

Stock Exchange

NASDAQ

Ticker

POLA

The Current Ratio as of November 2024 (TTM) for Polar Power, Inc. (POLA) is 2.19

According to Polar Power, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.19. This represents a change of 5.85% compared to the average of 2.07 of the last 4 quarters.

Polar Power, Inc. (POLA) Historical Current Ratio (quarterly & annually)

How has POLA Current Ratio performed in the past?

The mean historical Current Ratio of Polar Power, Inc. over the last ten years is 6.38. The current 2.19 Current Ratio has changed 3.33% with respect to the historical average. Over the past ten years (40 quarters), POLA's Current Ratio was at its highest in in the June 2017 quarter at 32.46. The Current Ratio was at its lowest in in the March 2015 quarter at 0.

Quarterly (TTM)
Annual

Average

6.38

Median

5.45

Minimum

1.45

Maximum

15.79

Polar Power, Inc. (POLA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Polar Power, 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 = 469.89%

Maximum Annual Current Ratio = 15.79

Minimum Annual Increase = -53.58%

Minimum Annual Current Ratio = 1.45

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.15-45.06%
20223.92-47.12%
20217.41128.84%
20203.24-53.58%
20196.98-41.41%
201811.91-24.57%
201715.7968.54%
20169.37469.89%
20151.6413.66%

Polar Power, Inc. (POLA) Average Current Ratio

How has POLA Current Ratio performed in the past?

The current Current Ratio of Polar Power, Inc. (POLA) 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

4.49

5-year avg

4.74

10-year avg

6.38

Polar Power, Inc. (POLA) Current Ratio vs. Peers

How is POLA’s Current Ratio compared to its peers?

Polar Power, Inc.’s Current Ratio is greater than CBAK Energy Technology, Inc. (0.85), greater than Ocean Power Technologies, Inc. (2.16), less than EnerSys (2.97), greater than Flux Power Holdings, Inc. (1.10), greater than Pioneer Power Solutions, Inc. (1.41), greater than Eos Energy Enterprises, Inc. (1.99), less than FuelCell Energy, Inc. (6.91), less than Lightbridge Corporation (23.32), less than Hollysys Automation Technologies Ltd. (3.02), less than Espey Mfg. & Electronics Corp. (3.55), less than Hayward Holdings, Inc. (2.62), less than Kimball Electronics, Inc. (2.28), greater than Dragonfly Energy Holdings Corp. (0.80), greater than Sunrise New Energy Co., Ltd. (0.56), less than AFC Energy plc (4.87),

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