Polar Power (POLA) Debt Ratio (2017 - 2026)

Polar Power (POLA) recorded quarterly Debt Ratio of 0.32 in Q1 2026, down 16.32% quarter-over-quarter from 0.39 in Q4 2025, and up 12.13% on a YoY basis from 0.29 in Q1 2025.

Polar Power (POLA) Debt Ratio (2017 - 2026) Analysis & Trends

Polar Power's Debt Ratio history runs 10 years deep, the most recent figure standing at 0.32 for Q1 2026.

  • In Q1 2026, Debt Ratio rose 12.13% year-over-year to 0.32; the TTM figure through Mar 2026 stood at 0.32 (up 12.13% YoY), while the FY2025 annual figure was 0.39, up 41.44% from the prior year.
  • Debt Ratio was 0.32 for Q1 2026 at Polar Power, down from 0.39 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.39 in Q4 2025 to a low of 0.0 in Q3 2022.
  • Historically, Debt Ratio has averaged 0.2 across 5 years, with a median of 0.21 in 2024.
  • The sharpest annual moves came in 2022 and 2023: Debt Ratio tumbled 89.27% in 2022, then jumped 5653.86% in 2023.
  • A 5-year view of Debt Ratio shows it stood at 0.08 in 2022, then surged by 109.08% to 0.17 in 2023, then soared by 62.95% to 0.27 in 2024, then surged by 41.44% to 0.39 in 2025, then slipped by 16.32% to 0.32 in 2026.
  • The last three Debt Ratio figures came in at 0.32 (Q1 2026), 0.39 (Q4 2025), and 0.38 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 0.33
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 0.22
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn -
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 0.22
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 0.31
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 0.22
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn -
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 0.15
10 Polar Power 6.05 Mn 6.02 Mn 1.14 Mn 0.32

Historic Data

Download Data
DateValue
Mar 31, 2026 0.32
Dec 31, 2025 0.39
Sep 30, 2025 0.38
Jun 30, 2025 0.32
Mar 31, 2025 0.29
Dec 31, 2024 0.27
Sep 30, 2024 0.22
Jun 30, 2024 0.21
Mar 31, 2024 0.21
Dec 31, 2023 0.17
Sep 30, 2023 0.18
Jun 30, 2023 0.17
Dec 31, 2022 0.08
Sep 30, 2022 0.00
Jun 30, 2022 0.01
Mar 31, 2022 0.01
Dec 31, 2021 0.01
Sep 30, 2021 0.01
Jun 30, 2021 0.01
Mar 31, 2021 0.07