Polar Power Inc (POLA) - Total Assets
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. See Polar Power Inc (POLA) net assets for net asset value and shareholders' equity analysis.
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.
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. For live market cap, price, and company overview, see market cap of Polar Power Inc.
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 |
|---|---|---|
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
|
Ecopro BM. Co. Ltd
KQ:247540
|
Korea | ₩4.62 Trillion |
|
Hongfa Technology Co Ltd
SHG:600885
|
China | CN¥21.89 Billion |
|
Nantong Haixing Electronics Co Ltd
SHG:603115
|
China | CN¥3.02 Billion |
|
Zhejiang Wanma Co Ltd
SHE:002276
|
China | CN¥16.57 Billion |
|
Sinomag Technology Co Ltd
SHE:300835
|
China | CN¥2.38 Billion |
|
Dongguan Aohai Technology Co
SHE:002993
|
China | CN¥9.32 Billion |
|
HEG Limited
NSE:HEG
|
India | Rs59.41 Billion |
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 | 0.26 |
| Asset Growth Rate (YoY) | -30.5% |
| Total Assets | $17.55 Million |
| Market Capitalization | $4.65 Million USD |
Valuation Analysis
Below Book Valuation: The market values Polar Power Inc's assets below their book value (0.26x), 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 | -- |
About 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