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) - Total Assets
Latest total assets as of September 2025: $12.35 Million USD
Based on the latest financial reports, Polar Power Inc (POLA) holds total assets worth $12.35 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Polar Power Inc - Total Assets Trend (2014–2024)
This chart illustrates how Polar Power Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Polar Power Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Polar Power Inc's total assets of $12.35 Million consist of 88.9% current assets and 11.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.8% |
| Accounts Receivable | $2.15 Million | 12.3% |
| Inventory | $12.89 Million | 73.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2014–2024)
This chart illustrates how Polar Power Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Polar Power Inc's current assets represent 88.9% of total assets in 2024, an increase from 75.1% in 2014.
- Cash Position: Cash and equivalents constituted 2.8% of total assets in 2024, down from 19.0% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is inventory at 73.5% of total assets.
Polar Power Inc Competitors by Total Assets
Key competitors of Polar Power Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
Korea | ₩61.47 Billion |
|
T-Conn Precision Corporation
TWO:6833
|
Taiwan | NT$1.20 Billion |
|
Supercomnet Technologies Bhd
KLSE:0001
|
Malaysia | RM454.76 Million |
|
XJ Electric Co Ltd
SHE:000400
|
China | CN¥26.30 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
China | CN¥2.88 Billion |
|
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
|
China | CN¥4.04 Billion |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
China | CN¥5.21 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
Polar Power Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Polar Power Inc generates 0.80x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Polar Power Inc is currently not profitable relative to its asset base.
Polar Power Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.25 | 2.19 | 3.24 |
| Quick Ratio | 0.10 | 0.42 | 1.23 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.38 Million | $ 10.13 Million | $ 10.12 Million |
Polar Power Inc - Advanced Valuation Insights
This section examines the relationship between Polar Power Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.44 |
| Latest Market Cap to Assets Ratio | 0.17 |
| Asset Growth Rate (YoY) | -30.5% |
| Total Assets | $17.55 Million |
| Market Capitalization | $2.93 Million USD |
Valuation Analysis
Below Book Valuation: The market values Polar Power Inc's assets below their book value (0.17 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Polar Power Inc's assets decreased by 30.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Polar Power Inc (2014–2024)
The table below shows the annual total assets of Polar Power Inc from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $17.55 Million | -30.54% |
| 2023-12-31 | $25.26 Million | +4.43% |
| 2022-12-31 | $24.19 Million | -11.01% |
| 2021-12-31 | $27.18 Million | +52.71% |
| 2020-12-31 | $17.80 Million | -24.46% |
| 2019-12-31 | $23.56 Million | -6.64% |
| 2018-12-31 | $25.24 Million | +3.00% |
| 2017-12-31 | $24.50 Million | -7.98% |
| 2016-12-31 | $26.63 Million | +456.73% |
| 2015-12-31 | $4.78 Million | +63.92% |
| 2014-12-31 | $2.92 Million | -- |