Polaris Infrastructure Inc (PIF) - Net Assets
Based on the latest financial reports, Polaris Infrastructure Inc (PIF) has net assets worth CA$239.36 Million CAD (≈ $173.15 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$533.63 Million ≈ $386.02 Million USD) and total liabilities (CA$294.28 Million ≈ $212.88 Million USD). 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. Check Polaris Infrastructure Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$239.36 Million |
| % of Total Assets | 44.85% |
| Annual Growth Rate | 30.56% |
| 5-Year Change | -7.05% |
| 10-Year Change | 24.54% |
| Growth Volatility | 10703.45 |
Polaris Infrastructure Inc - Net Assets Trend (2000–2025)
This chart illustrates how Polaris Infrastructure Inc's net assets have evolved over time, based on quarterly financial data. See PIF defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Polaris Infrastructure Inc (2000–2025)
The table below shows the annual net assets of Polaris Infrastructure Inc from 2000 to 2025. For live valuation and market cap data, see Polaris Infrastructure Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$242.44 Million ≈ $175.37 Million |
-6.59% |
| 2024-12-31 | CA$259.53 Million ≈ $187.74 Million |
-3.86% |
| 2023-12-31 | CA$269.93 Million ≈ $195.26 Million |
-0.10% |
| 2022-12-31 | CA$270.21 Million ≈ $195.47 Million |
+3.60% |
| 2021-12-31 | CA$260.82 Million ≈ $188.68 Million |
+15.02% |
| 2020-12-31 | CA$226.77 Million ≈ $164.04 Million |
+9.43% |
| 2019-12-31 | CA$207.23 Million ≈ $149.90 Million |
+4.42% |
| 2018-12-31 | CA$198.45 Million ≈ $143.56 Million |
+6.00% |
| 2017-12-31 | CA$187.21 Million ≈ $135.42 Million |
-3.83% |
| 2016-12-31 | CA$194.66 Million ≈ $140.81 Million |
-4.06% |
| 2015-12-31 | CA$202.89 Million ≈ $146.77 Million |
+46.38% |
| 2014-12-31 | CA$138.61 Million ≈ $100.27 Million |
-14.66% |
| 2013-12-31 | CA$162.42 Million ≈ $117.49 Million |
-23.49% |
| 2012-12-31 | CA$212.28 Million ≈ $153.56 Million |
-19.13% |
| 2011-12-31 | CA$262.50 Million ≈ $189.89 Million |
-25.52% |
| 2010-12-31 | CA$352.45 Million ≈ $254.96 Million |
+3.12% |
| 2009-12-31 | CA$341.78 Million ≈ $247.24 Million |
+49105.66% |
| 2008-12-31 | CA$694.60K ≈ $502.46K |
-27.33% |
| 2007-12-31 | CA$955.89K ≈ $691.47K |
+140.17% |
| 2006-12-31 | CA$398.00K ≈ $287.91K |
+228.00% |
| 2005-12-31 | CA$-310.94K ≈ $-224.93K |
+44.97% |
| 2004-12-31 | CA$-565.01K ≈ $-408.72K |
-9.95% |
| 2003-12-31 | CA$-513.88K ≈ $-371.73K |
-69.55% |
| 2002-12-31 | CA$-303.09K ≈ $-219.25K |
-15.39% |
| 2001-12-31 | CA$-262.67K ≈ $-190.01K |
-185.18% |
| 2000-12-31 | CA$308.37K ≈ $223.07K |
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Equity Component Analysis
This analysis shows how different components contribute to Polaris Infrastructure 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 43157548282.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$663.93 Million | 273.53% |
| Other Components | CA$14.08 Million | 5.80% |
| Total Equity | CA$242.72 Million | 100.00% |
Polaris Infrastructure Inc Competitors by Market Cap
The table below lists competitors of Polaris Infrastructure Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Churchill Capital Corp X Class A Ordinary Shares
NASDAQ:CCCX
|
$223.09 Million |
|
Grupo Casas Bahia S.A.
SA:BHIA3
|
$223.11 Million |
|
Zhejiang Haiyan Power System Resources Environmental Technology Co. Ltd. A
SHG:688565
|
$223.27 Million |
|
Dogan Burda Dergi Yayincilik ve Pazarlama AS
IS:DOBUR
|
$223.42 Million |
|
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class A
IS:KRDMA
|
$222.93 Million |
|
Electromed Inc
NYSE MKT:ELMD
|
$222.85 Million |
|
Motorcar Parts of America Inc
NASDAQ:MPAA
|
$222.85 Million |
|
GE Power India Limited
NSE:GEPIL
|
$222.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polaris Infrastructure Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 259,747,000 to 242,724,472, a change of -17,022,528 (-6.6%).
- Net loss of 2,794,070 reduced equity.
- Dividend payments of 12,833,796 reduced retained earnings.
- Share repurchases of 1,494,714 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.79 Million | -1.15% |
| Dividends Paid | CA$12.83 Million | -5.29% |
| Share Repurchases | CA$1.49 Million | -0.62% |
| Other Changes | CA$100.05K | +0.04% |
| Total Change | CA$- | -6.55% |
Book Value vs Market Value Analysis
This analysis compares Polaris Infrastructure 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: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.02x to 1.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CA$969.70 | CA$14.75 | x |
| 2001-12-31 | CA$-826.01 | CA$14.75 | x |
| 2002-12-31 | CA$-953.10 | CA$14.75 | x |
| 2003-12-31 | CA$-1615.98 | CA$14.75 | x |
| 2004-12-31 | CA$-1776.75 | CA$14.75 | x |
| 2005-12-31 | CA$-977.80 | CA$14.75 | x |
| 2006-12-31 | CA$1251.58 | CA$14.75 | x |
| 2007-12-31 | CA$2265.14 | CA$14.75 | x |
| 2008-12-31 | CA$1645.97 | CA$14.75 | x |
| 2009-12-31 | CA$6441.15 | CA$14.75 | x |
| 2010-12-31 | CA$4462.82 | CA$14.75 | x |
| 2011-12-31 | CA$2102.71 | CA$14.75 | x |
| 2012-12-31 | CA$1408.73 | CA$14.75 | x |
| 2013-12-31 | CA$1084.56 | CA$14.75 | x |
| 2014-12-31 | CA$746.68 | CA$14.75 | x |
| 2015-12-31 | CA$20.46 | CA$14.75 | x |
| 2016-12-31 | CA$12.48 | CA$14.75 | x |
| 2017-12-31 | CA$11.95 | CA$14.75 | x |
| 2018-12-31 | CA$12.04 | CA$14.75 | x |
| 2019-12-31 | CA$12.81 | CA$14.75 | x |
| 2020-12-31 | CA$13.52 | CA$14.75 | x |
| 2021-12-31 | CA$13.82 | CA$14.75 | x |
| 2022-12-31 | CA$13.38 | CA$14.75 | x |
| 2023-12-31 | CA$12.78 | CA$14.75 | x |
| 2024-12-31 | CA$12.16 | CA$14.75 | x |
| 2025-12-31 | CA$11.53 | CA$14.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polaris Infrastructure Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.41%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 2.20x
- Recent ROE (-1.15%) is above the historical average (-6.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -6.98% | 0.00% | 0.00x | 2.29x | CA$-52.37K |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-532.05K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | CA$10.92K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-125.42K |
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-6.29K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | CA$483.94K |
| 2006 | -16.69% | 0.00% | 0.00x | 1.03x | CA$-106.23K |
| 2007 | -4.60% | 0.00% | 0.00x | 1.02x | CA$-139.59K |
| 2008 | -6.24% | 0.00% | 0.00x | 1.02x | CA$-112.81K |
| 2009 | -10.97% | -689.68% | 0.02x | 1.05x | CA$-71.52 Million |
| 2010 | -4.80% | -394.56% | 0.01x | 1.37x | CA$-52.09 Million |
| 2011 | -57.73% | -3393.88% | 0.01x | 1.95x | CA$-177.51 Million |
| 2012 | -28.38% | -214.28% | 0.06x | 2.39x | CA$-81.32 Million |
| 2013 | -31.25% | -109.72% | 0.10x | 2.82x | CA$-66.93 Million |
| 2014 | -17.81% | -51.21% | 0.11x | 3.05x | CA$-38.53 Million |
| 2015 | -18.46% | -74.77% | 0.12x | 2.05x | CA$-57.80 Million |
| 2016 | -2.19% | -7.80% | 0.13x | 2.10x | CA$-23.75 Million |
| 2017 | 0.89% | 2.77% | 0.15x | 2.17x | CA$-17.10 Million |
| 2018 | 8.64% | 24.96% | 0.15x | 2.35x | CA$-2.70 Million |
| 2019 | 6.93% | 20.34% | 0.15x | 2.22x | CA$-6.43 Million |
| 2020 | 12.61% | 38.60% | 0.15x | 2.15x | CA$5.97 Million |
| 2021 | 0.19% | 0.84% | 0.12x | 1.91x | CA$-25.77 Million |
| 2022 | 0.93% | 3.99% | 0.12x | 1.98x | CA$-24.47 Million |
| 2023 | 4.36% | 14.96% | 0.15x | 1.93x | CA$-15.19 Million |
| 2024 | 1.15% | 3.95% | 0.11x | 2.55x | CA$-22.98 Million |
| 2025 | -1.15% | -3.41% | 0.15x | 2.20x | CA$-27.07 Million |
Industry Comparison
This section compares Polaris Infrastructure Inc's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $627,098,202
- Average return on equity (ROE) among peers: 0.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polaris Infrastructure Inc (PIF) | CA$239.36 Million | -6.98% | 1.23x | $222.94 Million |
| Brookfield Renewable Partners L.P (BEP-UN) | $154.02 Million | 1.38% | 0.48x | $10.61 Billion |
| Boralex Inc (BLX) | $2.02 Billion | 3.85% | 2.25x | $2.74 Billion |
| Greenbriar Capital Corp (GRB) | $1.99 Million | -15.20% | 0.01x | $15.66 Million |
| Innergex Renewable Energy Inc. (INE) | $665.93 Million | 7.23% | 2.57x | $2.01 Billion |
| Northland Power Inc. (NPI) | $1.51 Billion | 21.23% | 5.94x | $4.30 Billion |
| RE Royalties Ltd (RE) | $18.89 Million | -16.93% | 0.05x | $11.49 Million |
| Synex International Inc. (SXI) | $14.09 Million | 0.21% | 1.35x | $8.66 Million |
About Polaris Infrastructure Inc
Polaris Renewable Energy Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean. It is involved in the operation of an 82 megawatt (MW) capacity geothermal facility in Nicaragua; 3 run-of-river hydroelectric facilities with a combined capacity of approximately 33 MW in Peru; a 25 MW solar plant facility in the Domin… Read more