Polar Power Inc
Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States, Canada, Australia, the South Pacific Islands, Asia, Europe, the Middle East, the United Kingdom, and South Africa. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems that are available in diesel, natural … Read more
Polar Power Inc (POLA) - Net Assets
Latest net assets as of September 2025: $2.82 Million USD
Based on the latest financial reports, Polar Power Inc (POLA) has net assets worth $2.82 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.35 Million) and total liabilities ($9.52 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.82 Million |
| % of Total Assets | 22.87% |
| Annual Growth Rate | 21.58% |
| 5-Year Change | -25.92% |
| 10-Year Change | 277.58% |
| Growth Volatility | 287.16 |
Polar Power Inc - Net Assets Trend (2014–2024)
This chart illustrates how Polar Power Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Polar Power Inc (2014–2024)
The table below shows the annual net assets of Polar Power Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $8.51 Million | -35.46% |
| 2023-12-31 | $13.19 Million | -27.46% |
| 2022-12-31 | $18.18 Million | -21.80% |
| 2021-12-31 | $23.25 Million | +102.33% |
| 2020-12-31 | $11.49 Million | -37.47% |
| 2019-12-31 | $18.38 Million | -17.90% |
| 2018-12-31 | $22.38 Million | -2.19% |
| 2017-12-31 | $22.88 Million | -3.25% |
| 2016-12-31 | $23.65 Million | +949.18% |
| 2015-12-31 | $2.25 Million | +86.96% |
| 2014-12-31 | $1.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Polar Power Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 78329.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.02% |
| Other Components | $38.85 Million | 456.37% |
| Total Equity | $8.51 Million | 100.00% |
Polar Power Inc Competitors by Market Cap
The table below lists competitors of Polar Power Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BeijingWest Industries International Limited
PINK:NFGRF
|
$2.93 Million |
|
Qualitech Public Company Limited
BK:QLT
|
$2.93 Million |
|
Hudaco
JSE:HDC
|
$2.93 Million |
|
Mitra Angkasa Sejahtera PT Tbk
JK:BAUT
|
$2.93 Million |
|
NORWEGIAN BLOCK EXC.NK08
F:9Q3
|
$2.93 Million |
|
Rumble Resources Limited
PINK:RTRFF
|
$2.93 Million |
|
RichTech Digital Berhad
KLSE:0342
|
$2.93 Million |
|
ONAR Holding Corporation
OTCQB:ONAR
|
$2.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polar Power Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,189,000 to 8,512,000, a change of -4,677,000 (-35.5%).
- Net loss of 4,677,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.68 Million | -54.95% |
| Total Change | $- | -35.46% |
Book Value vs Market Value Analysis
This analysis compares Polar Power Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.51x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 9.59x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.18 | $1.72 | x |
| 2015-12-31 | $0.23 | $1.72 | x |
| 2016-12-31 | $3.13 | $1.72 | x |
| 2017-12-31 | $2.26 | $1.72 | x |
| 2018-12-31 | $2.21 | $1.72 | x |
| 2019-12-31 | $1.81 | $1.72 | x |
| 2020-12-31 | $1.06 | $1.72 | x |
| 2021-12-31 | $1.83 | $1.72 | x |
| 2022-12-31 | $1.41 | $1.72 | x |
| 2023-12-31 | $1.01 | $1.72 | x |
| 2024-12-31 | $3.39 | $1.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polar Power Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -54.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -33.48%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.06x
- Recent ROE (-54.95%) is below the historical average (-18.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 47.71% | 11.06% | 1.78x | 2.42x | $454.67K |
| 2015 | -1.48% | -0.49% | 1.43x | 2.12x | $-258.77K |
| 2016 | 18.61% | 19.31% | 0.86x | 1.13x | $2.04 Million |
| 2017 | -3.40% | -5.39% | 0.59x | 1.07x | $-3.07 Million |
| 2018 | -3.79% | -3.53% | 0.95x | 1.13x | $-3.09 Million |
| 2019 | -22.79% | -16.89% | 1.05x | 1.28x | $-6.03 Million |
| 2020 | -94.60% | -120.37% | 0.51x | 1.55x | $-12.02 Million |
| 2021 | -13.84% | -19.05% | 0.62x | 1.17x | $-5.54 Million |
| 2022 | -30.67% | -34.73% | 0.66x | 1.33x | $-7.40 Million |
| 2023 | -49.65% | -42.82% | 0.61x | 1.92x | $-7.87 Million |
| 2024 | -54.95% | -33.48% | 0.80x | 2.06x | $-5.53 Million |
Industry Comparison
This section compares Polar Power Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $315,233,876
- Average return on equity (ROE) among peers: -5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polar Power Inc (POLA) | $2.82 Million | 47.71% | 3.37x | $2.93 Million |
| ABB Ltd (ABBNY) | $2.23 Billion | -31.00% | 13.51x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $130.20 Million | -15.76% | 0.25x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $194.80 Million |
| Advanced Energy Industries Inc (AEIS) | $392.07 Million | 32.51% | 0.46x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $30.27 Million | -57.55% | 0.21x | $91.15 Million |
| Alfen N.V (ALFNF) | $6.81 Million | 25.29% | 3.39x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $17.88 Million |
| Astro Communications Inc (ASTO) | $7.59 Million | 3.65% | 0.08x | $18.93K |
| Atkore International Group Inc (ATKR) | $232.94 Million | 59.69% | 5.17x | $1.72 Billion |