Polar Power (POLA) Debt to Equity (2017 - 2026)

Polar Power (POLA) recorded quarterly Debt to Equity of $1.55 in Q1 2026, down 94.47% quarter-over-quarter from $28.03 in Q4 2025, and up 134.83% on a YoY basis from $0.66 in Q1 2025.

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

Polar Power's Debt to Equity history runs 10 years deep, the most recent figure standing at $1.55 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 134.83% year-over-year to $1.55; the TTM figure through Mar 2026 stood at $1.55 (up 134.83% YoY), while the FY2025 annual figure was $28.03, up 4873.37% from the prior year.
  • Debt to Equity was $1.55 for Q1 2026 at Polar Power, down from $28.03 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $28.03 in Q4 2025 to a low of $0.0 in Q3 2022.
  • Historically, Debt to Equity has averaged $2.22 across 5 years, with a median of $0.4 in 2024.
  • The sharpest annual moves came in 2022 and 2023: Debt to Equity sank 89.94% in 2022, then soared 8366.4% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $0.11 in 2022, then jumped by 201.0% to $0.32 in 2023, then surged by 75.38% to $0.56 in 2024, then surged by 4873.37% to $28.03 in 2025, then plunged by 94.47% to $1.55 in 2026.
  • The last three Debt to Equity figures came in at $1.55 (Q1 2026), $28.03 (Q4 2025), and $1.6 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - 0.58
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 0.69
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn -
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 0.41
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 0.68
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 0.41
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn -
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 0.25
10 Polar Power 5.74 Mn 5.71 Mn 1.14 Mn 1.55

Historic Data

Download Data
DateValue
Mar 31, 2026 1.55
Dec 31, 2025 28.03
Sep 30, 2025 1.60
Jun 30, 2025 0.76
Mar 31, 2025 0.66
Dec 31, 2024 0.56
Sep 30, 2024 0.40
Jun 30, 2024 0.41
Mar 31, 2024 0.44
Dec 31, 2023 0.32
Sep 30, 2023 0.35
Jun 30, 2023 0.30
Dec 31, 2022 0.11
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 0.02
Mar 31, 2021 0.09