Polished.com (Polished.com) Debt-to-Asset : 0.43 (As of Sep. 2023)

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What is Polished.com Debt-to-Asset?

Polished.com's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $9.9 Mil. Polished.com's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $93.2 Mil. Polished.com's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $238.8 Mil. Polished.com's debt to asset for the quarter that ended in Sep. 2023 was 0.43.

Polished.com Debt-to-Asset Historical Data

The historical data trend for Polished.com's Debt-to-Asset 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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Polished.com Debt-to-Asset Chart

Polished.com Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

0.60

0.19

0.42

Polished.com Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial														-	-	0.42	0.43	0.43

Competitive Comparison of Polished.com's Debt-to-Asset

For the Specialty Retail subindustry, Polished.com's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Polished.com's Debt-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Polished.com's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Polished.com's Debt-to-Asset falls into.

Polished.com Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Polished.com's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(10.466	+	100.054)	/	261.914
	=	0.42

Polished.com's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(9.914	+	93.221)	/	238.817
	=	0.43

Polished.com (OTCPK:POLCQ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Polished.com Debt-to-Asset Related Terms

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Polished.com (Polished.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Polished.com Inc (OTCPK:POLCQ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1870 Bath Avenue, Brooklyn, NY, USA, 11214

Website

https://www.polished.com

Polished.com Inc is an e-commerce destination for home furnishings, appliances, furniture, home goods, and related products. It sells various products such as refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers. The firm's brand portfolio consists of Bosch, Whirlpool, GE, Maytag, LG, Samsung, Sharp, and Kitchen Aid, among others.

Executives

Houman Akhavan	director	C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
John E. Bunka	officer: Interim CEO	C/O POLISHED.COM INC., 1870 BATH AVENUE, BROOKLYN NY 11214
James M Schneider	director	C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
Maria Johnson	officer: Chief Financial Officer	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Albert Fouerti	director	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Clark R. Crosnoe	director	13850 MANCHESTER RD, C/O 1847 GOEDEKER INC.,, BALLWIN MO 63011
Glyn C. Milburn	director	13850 MANCHESTER RD, C/O 1847 GOEDEKER INC., BALLWIN MO 63011
Gary Alan Shaw	director	C/O 1847 GOEDEKER INC., 3817 MILLSTON PARKWAY, ST. CHARLES MO 63301
Selim A Bassoul	director	C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300
Thomas S. Harcum	officer: CMO and CTO	C/O 1847 GOEDEKER INC., 13850 MANCHESTER RD., BALLWIN MO 63011
Alan P. Shor	director	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Jacob Guilhas	officer: VP of Logistics	13850 MANCHESTER RD., BALLWIN MO 63011
1847 Holdings Llc	10 percent owner	590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Edward Tobin	director	C/O GEM SURGILIGHT INVESTORS, LLC, 9 WEST 57TH STREET, 46TH FLOOR, NEW YORK NY 10022
1847 Goedeker Holdco Inc.	10 percent owner	13850 MANCHESTER RD., BALLWIN MO 63011