Altman Z Score Analysis of Polar Power Inc - Deep Dive
Latest FY Altman Z Score
Period Ending - Dec-23
Very Poor Altman Z Score
-0.710
Period Ending - Dec-22
Very Poor Altman Z Score
-0.336
Growth
-111.53 %
Latest Altman Z Score
Period Ending - 31-May-24
Very Poor Altman Z Score
-0.327
Key Inputs in Deriving Altman Z Score
(Net Working Capital / Total Assets ) * 1.2 ( 1.18 Cr / 2.53 Cr ) * 1.2 | 0.559 |
(Retained Earning / Total Assets ) * 1.4 ( -2.57 Cr / 2.53 Cr ) * 1.4 | -1.42 |
(EBIT / Total Assets ) * 3.3 ( -0.430 Cr / 2.53 Cr ) * 3.3 | -0.562 |
(Total Revenue / Total Assets ) ( 1.81 Cr / 2.53 Cr ) | 0.715 |
(Market Cap / Total Liabilities ) *.6 ( 0.770 Cr / 1.21 Cr ) *.6 | 0.383 |
Altman Z Score | -0.327 |
Altman Z Score Analysis of Polar Power Inc
Altman Z Score Ratio with value of 1.26 was highest in Year Dec-19 in last Five Years. |
Altman Z Score Ratio with value of -2.17 was lowest in Year Dec-20 in last Five Years. |
Latest Altman Z Score Ratio with value of -0.710 is lower than Average Altman Z Score of -0.245 in last five years. |
Other Altman Z Score Related Info of POLA that may interest you.
Polar Power Inc Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
POLA | 0.4387 | 0.446 | 1.64 % | Electrical Equipment & Parts |
Defination of Altman Z Score
Altman Z Score is a widely used metric by analysts and investors to analyze companies' financial position. It indicates that the companies' risks were increasing, and they may have been heading towards bankruptcy. It does not only indicate whether companies are moving towards bankruptcy, but it also indicates how financially stable and healthy they are. more ..Altman Z Score Related Ratios
PiotroskiFScore | DebtToEquityRatio |
Tsr Stability Index
Very Low Stability Stock |
FY - Historical Altman Z Score of Polar Power Inc
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
---|---|---|---|---|---|---|---|
Altman Z Score | -0.710 | -0.336 | 0.721 | -2.17 | 1.26 | 1.97 | 1.78 |
Change | -111.53 % | -146.54 % | 133.29 % | -271.42 % | -36.00 % | 10.98 % | -11.14 % |
FY Chart of Altman Z Score of Polar Power Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)