Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Polaris Renewable EnergyTSX:PIF -5.19%81 Cash Ratio is 4.22 as of Mar. 2026, which is 133% above its 10-year median of 1.81. GuruFocus rates TSX:PIF with a GF Score™ of 81/100 and a GF Value™ of C$12.78 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 438 Utilities - Independent Power Producers companies, Polaris Renewable Energy ranks better than 92.24% on this metric.
Polaris Renewable Energy has a Cash Ratio of 4.22. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Polaris Renewable Energy's Cash Ratio or its related term are showing as below:
TSX:PIF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.91 Med: 1.81 Max: 6.3
Current: 4.22
During the past 13 years, Polaris Renewable Energy's highest Cash Ratio was 6.30. The lowest was 0.91. And the median was 1.81.
Polaris Renewable Energy (TSX:PIF) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Polaris Renewable Energy Cash Ratio Related Terms
Polaris Renewable Energy Cash Ratio Historical Data
* 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.
Polaris Renewable Energy Cash Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Polaris Renewable Energy's Cash Ratio, along with its competitors' market caps and Cash Ratio 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 Renewable Energy Cash Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Polaris Renewable Energy's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Polaris Renewable Energy's Cash Ratio falls into.
* 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.
Polaris Renewable Energy (TSX:PIF) has a Cash Ratio of 4.22 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Polaris Renewable Energy and its competitors. This is 133% above median its historical median of 1.81. Over the past decade, Polaris Renewable Energy's Cash Ratio has ranged from 0.91 to 6.30. According to the industry distribution chart, Polaris Renewable Energy ranks #34 out of 438 companies in the Utilities - Independent Power Producers industry, placing it in the top 7.8%.
Is Polaris Renewable Energy's Cash Ratio too high?
Polaris Renewable Energy's current Cash Ratio of 4.22 is 133% above median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 6.30. The Utilities - Independent Power Producers industry median Cash Ratio is 0.45. Polaris Renewable Energy's value of 4.22 is 837.8% above this industry median. Based on the distribution chart, Polaris Renewable Energy ranks #34 out of 438 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Polaris Renewable Energy has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polaris Renewable Energy's Cash Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Polaris Renewable Energy ranks #34 out of 438 companies for Cash Ratio. This places Polaris Renewable Energy in the top 8% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 0.45. Polaris Renewable Energy's value of 4.22 is 837.8% above this benchmark. Historically, Polaris Renewable Energy's own Cash Ratio has ranged from 0.91 to 6.30 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 0.45, Polaris Renewable Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for an Utilities - Independent Power Producers company?
The median Cash Ratio among Utilities - Independent Power Producers companies is 0.45, based on 438 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Polaris Renewable Energy's current Cash Ratio of 4.22 is 837.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Polaris Renewable Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Cash Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris Renewable Energy's current Cash Ratio is 4.22, which is 133% above median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polaris Renewable Energy stock overvalued right now?
Based on GuruFocus' analysis, Polaris Renewable Energy (TSX:PIF) is currently considered Modestly Overvalued. The stock's GF Value™ is C$12.78, compared to a current price of C$14.98 — trading 17.2% above its estimated fair value. The current Cash Ratio is 4.22, which is 133% above median its 10-year median of 1.81 and 837.8% above the Utilities - Independent Power Producers industry median of 0.45. Polaris Renewable Energy's overall GF Score™ is 81/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Polaris Renewable Energy (TSX:PIF), the current Cash Ratio is 4.22 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Polaris Renewable Energy (TSX:PIF) Overvalued in 2026?
Based on GuruFocus' analysis, Polaris Renewable Energy stock appears to be overvalued.
The current stock price of C$14.98 is trading 17.2% above its estimated GF Value™ of C$12.78.
GuruFocus considers Polaris Renewable Energy to be Modestly Overvalued.
Key valuation signals for TSX:PIF:
Cash Ratio: 4.22 (133% above median its 10-year median of 1.81)
GF Value™: C$12.78 vs. price of C$14.98 (17.2% above fair value)
Industry Position: 837.8% above the Utilities - Independent Power Producers median (#34 of 438)
No single metric tells the full story. See the TSX:PIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean. The company has six reportable operating segments: 1) Nicaragua: It includes acquisition, exploration, development and operation of a geothermal project, 2) Peru: It includes acquisition, development and operation of hydroelectric projects, 3) Panama: It includes acquisition, development and operation of solar projects, 4) Dominican Republic: It includes acquisition, development and operation of solar projects, 5) Puerto Rico: It includes acquisition, development and operation of onshore wind farms, 6) Ecuador: It includes acquisition and operation of hydroelectric projects. The majority of revenue is derived from Nicaragua.
81GF Score
Get the complete analysis for TSX:PIF
Cash Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:PIF has been successfully added to your 
