Polar Power (Polar Power) Cash And Cash Equivalents : $0.21 Mil (As of Mar. 2024)

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What is Polar Power Cash And Cash Equivalents?

Polar Power's quarterly cash and cash equivalents increased from Sep. 2023 ($0.30 Mil) to Dec. 2023 ($0.55 Mil) but then stayed the same from Dec. 2023 ($0.55 Mil) to Mar. 2024 ($0.21 Mil).

Polar Power's annual cash and cash equivalents declined from Dec. 2021 ($5.10 Mil) to Dec. 2022 ($0.21 Mil) but then increased from Dec. 2022 ($0.21 Mil) to Dec. 2023 ($0.55 Mil).

Polar Power Cash And Cash Equivalents Historical Data

The historical data trend for Polar Power's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Polar Power Cash And Cash Equivalents Chart

Polar Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2.84

1.65

5.10

0.21

0.55

Polar Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.12	0.29	0.30	0.55	0.21

Polar Power Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Polar Power (NAS:POLA) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Polar Power Cash And Cash Equivalents Related Terms

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Polar Power (Polar Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polar Power Inc (NAS:POLA) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

PPW:Germany

Address

249 East Gardena Boulevard, Gardena, CA, USA, 90248

Website

https://www.polarpower.com

Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.

Executives

Keith Albrecht	director	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Arthur D. Sams	director, 10 percent owner, officer: President, CEO, Secretary	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Rajesh Masina	officer: Chief Operating Officer	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Luis Zavala	officer: Chief Financial Officer	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Peter Gross	director	249 E. GARDENA BLVD., GARDENA CA 90248
Matthew Goldman	director	249 E. GARDENA BOULEVARD, GARDENA CA 90248