What is Polaris's cash ratio?

Polaris (PII) reported cash ratio of 0.1× in Q1 2026.

How has Polaris's cash ratio changed year-over-year?

Polaris's cash ratio increased by 4.8% year-over-year, from 0.1× to 0.1×.

What is the long-term trend for Polaris's cash ratio?

Over 5 years (2020 to 2025), Polaris's cash ratio has grown at a -28.7% compound annual growth rate (CAGR), from 0.3× to 0.1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Polaris PII Cash ratio

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0.2×0.0×

Harley-DavidsonHOG

0.7×+0.2×

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0.2×-0.1×

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0.1×0.0×

Rivian Automotive, Inc.RIVN

0.8×-0.8×

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0.1×-0.1×

Other financials

Income statement

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Revenue$1.7B+8.0%

Gross profit$334.8M+36.7%

Operating income-$39.1M-8.3%

Net income-$47.4M+29.0%

EPS (diluted)-$0.83+29.1%

Balance sheet

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Cash & equivalents$282.0M-3.3%

Total debt$2.1B+1.4%

Total equity$750.4M-38.8%

Total assets$5.2B-3.8%

Cash flow

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Operating cash flow-$320.2M-485%

CapEx$29.7M-16.6%

Free cash flow-$349.9M-835%

Valuation

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Market cap$3.91B+34.8%

Profitability

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Gross margin20%+0.2pp

Operating margin-4.8%-7.9pp

Net margin-6.1%-6.7pp

FCF margin2.2%-1.1pp

Returns & leverage

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Return on equity-45.1%-48.2pp

Debt / equity2.8×+1.1×

Current ratio1.2×+0.1×

Where this comes from

Calculated from Polaris’s reported figures.

cash and equivalents/total current liabilities=0.1×

Based on the most recent quarter.

The official record: Polaris’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Polaris's cash ratio?: Polaris (PII) reported cash ratio of 0.1× in Q1 2026.
How has Polaris's cash ratio changed year-over-year?: Polaris's cash ratio increased by 4.8% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for Polaris's cash ratio?: Over 5 years (2020 to 2025), Polaris's cash ratio has grown at a -28.7% compound annual growth rate (CAGR), from 0.3× to 0.1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.