Polar Power
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Polar Power's balance sheet done over the years? Its assets were worth $25,259,000 last year, which is more than in the previous period. 48% of Polar Power’s total assets is currently financed by debt. Its liabilities reached the amount of $12,070,000, which means an increase by 101% compared compared to last year.
Debt to Assets
| 2014 | 2917999 | 1.71M | 58.68% |
|---|---|---|---|
| 2015 | 4783132 | 2.52M | 52.87% |
| 2016 | 26629283 | 2.97M | 11.18% |
| 2017 | 24503880 | 1.62M | 6.62% |
| 2018 | 25240106 | 2.85M | 11.32% |
| 2019 | 23563215 | 5.18M | 22.01% |
| 2020 | 17799000 | 6.30M | 35.44% |
| 2021 | 27180000 | 3.93M | 14.46% |
| 2022 | 24188000 | 6.00M | 24.83% |
| 2023 | 25259000 | 12.07M | 47.78% |
POLA Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 549K | 211K | 5.10M | 1.64M | 2.84M | 5.64M | 13.19M | 16.24M | 263.41K | 553.49K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 4.46M | 5.01M | 7.03M | 3.54M | 1.16M | 8.44M | 3.05M | 4.40M | 1.49M | 628.23K |
Inventory | 16.52M | 15.46M | 9.01M | 9.09M | 13.91M | 8.47M | 5.56M | 4.83M | 2.09M | 900.27K |
Other current assets | 455.00K | 4.62M | 4.00M | 358K | 1.26M | 468.66K | 865.98K | 178.56K | 93.12K | 108.30K |
Total current assets | 21.98M | 23.31M | 25.15M | 14.64M | 19.18M | 23.02M | 23.59M | 25.66M | 3.94M | 2.19M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 3.16M | 778K | 1.93M | 3.06M | 4.28M | 2.12M | 824.07K | 737.58K | 542.89K | 434.99K |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 108K | 93K | 93K | 94K | 94.00K | 94.00K | 87.49K | 66.79K | 88.94K | 102.69K |
Total non-current assets | 3.27M | 871K | 2.02M | 3.15M | 4.38M | 2.21M | 911.57K | 965.01K | 836.83K | 727.69K |
Total assets | 25.25M | 24.18M | 27.18M | 17.79M | 23.56M | 25.24M | 24.50M | 26.62M | 4.78M | 2.91M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 1.61M | 2.12M | 897K | 703K | 197.48K | 79.18K | 40.03K | 71.95K | 229.60K | 240.34K |
Short term debt | 5.68M | 2.36M | 963K | 2.36M | 945.80K | 283.38K | 110.23K | 111.36K | 1.29M | 777.03K |
Total current liabilities | 10.21M | 5.95M | 3.39M | 4.52M | 2.74M | 1.93M | 1.49M | 2.73M | 2.40M | 1.51M |
| Non-current liabilities: | ||||||||||
Long term debt | 1.85M | 57K | 536K | 1.78M | 2.43M | 924.53K | 126.81K | 237.43K | 127.84K | 197.54K |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | -57K | 0 | 0 | 0 | 0 | 0 | -153.44K | 0 | 0 |
Total non-current liabilities | 1.85M | 57K | 536K | 1.78M | 2.43M | 924.53K | 126.81K | 237.43K | 127.84K | 197.54K |
Total liabilities | 12.07M | 6.00M | 3.93M | 6.30M | 5.18M | 2.85M | 1.62M | 2.97M | 2.52M | 1.71M |
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