Polaris (Polaris) Debt-to-Equity

: 1.45 (As of Dec. 2023)

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Polaris's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $84 Mil. Polaris's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,970 Mil. Polaris's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,418 Mil. Polaris's debt to equity for the quarter that ended in Dec. 2023 was 1.45.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Polaris's Debt-to-Equity or its related term are showing as below:

PII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 1.41 Max: 2.26
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Polaris was 2.26. The lowest was 0.26. And the median was 1.41.

PII's Debt-to-Equity is ranked worse than
85.11% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs PII: 1.45

Polaris Debt-to-Equity Historical Data

The historical data trend for Polaris's Debt-to-Equity 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.

* Premium members only.

Polaris Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.63

1.38

1.55

1.97

1.45

Polaris Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.97	1.92	1.75	1.76	1.45

Competitive Comparison

For the Recreational Vehicles subindustry, Polaris's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Polaris Debt-to-Equity Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Polaris's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Polaris's Debt-to-Equity falls into.

Polaris Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Polaris's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(83.5	+	1969.5)	/	1418.4
	=	1.45

Polaris's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(83.5	+	1969.5)	/	1418.4
	=	1.45

Polaris (NYSE:PII) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Polaris Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Polaris's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Polaris (Polaris) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polaris Inc (NYSE:PII) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PII:Mexico PL6:Germany

Address

2100 Highway 55, Medina, MN, USA, 55340

Website

https://www.polaris.com

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to new segments of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and through 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America at the end of 2022.

Executives

Robert Paul Mack	officer: CFO, EVP-Corp Dev Pres-GAM	2100 HIGHWAY 55, MEDINA MN 55340
Kevin M Farr	director	MATTEL, INC., 333 CONTINENTAL BLVD, M1-1518, EL SEGUNDO CA 90245
Stephen L. Eastman	officer: President - PG&A	2100 HIGHWAY 55, MEDINA MN 55340
Michael T Speetzen	officer: CEO	XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604
Michael D. Dougherty	officer: President-Motorcycles & Int'l	2100 HIGHWAY 55, MEDINA MN 55340
Dougherty Lucy Clark	officer: SVP-Gen Counsel & Secretary	2100 HIGHWAY 55, MEDINA MN 55340
James P Williams	officer: SVP-CHRO	600 TRAVIS, SUITE 5800, HOUSTON TX 77002
Benjamin D Duke	officer: President-Marine	2100 HIGHWAY 55, MEDINA MN 55340
Kenneth Pucel	officer: EVP, Global Ops & CTO	300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Steven Menneto	officer: President-ORV	2100 HIGHWAY 55, MEDINA MN 55340
Jacob Vogel	officer: President-Boats	2100 HIGHWAY 55, MEDINA MN 55340
Darryl R. Jackson	director	2100 HIGHWAY 55, MEDINA MN 55340
Scott W. Wine	officer: Chief Executive Officer	2100 HIGHWAY 55, MEDINA MN 55340
Christopher Musso	officer: President-ORV	2100 HIGHWAY 55, MEDINA MN 55340
Annette K Clayton	director	11384 BAYBERRY DRIVE, ROMEO MI 48065