Polaris annual debt-to-equity ratio
2010
2011
2012
2013
2014
2015
2016
2017
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2019
2020
2021
2022
2023
2024
2025
Polaris Debt-to-Equity Ratio Growth & History (PII)
Polaris's debt-to-equity ratio was 2.01 for fiscal 2025.
View full Polaris company overviewPolaris annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.01 | 0.30 | +17.77% |
| 2024 | 2024-12-31 | 1.71 | 0.26 | +17.88% |
| 2023 | 2023-12-31 | 1.45 | −0.53 | −26.66% |
| 2022 | 2022-12-31 | 1.97 | 0.37 | +22.74% |
| 2021 | 2021-12-31 | 1.61 | 0.23 | +16.67% |
| 2020 | 2020-12-31 | 1.38 | −0.25 | −15.45% |
| 2019 | 2019-12-31 | 1.63 | −0.63 | −27.99% |
| 2018 | 2018-12-31 | 2.26 | 1.28 | +131.00% |
| 2017 | 2017-12-31 | 0.98 | −0.34 | −25.59% |
| 2016 | 2016-12-31 | 1.32 | 0.85 | +180.11% |
| 2015 | 2015-12-31 | 0.47 | 0.21 | +79.07% |
| 2014 | 2014-12-31 | 0.26 | −0.27 | −51.10% |
| 2013 | 2013-12-31 | 0.54 | 0.38 | +245.98% |
| 2012 | 2012-12-31 | 0.16 | −0.06 | −27.63% |
| 2011 | 2011-12-31 | 0.21 | −0.32 | −60.21% |
| 2010 | 2010-12-31 | 0.54 | — | — |
Polaris quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.46 | 0.81 | +49.43% |
| Q1 2026 | 2026-03-31 | 2.94 | 1.16 | +65.31% |
| Q4 2025 | 2025-12-31 | 2.01 | 0.30 | +17.77% |
| Q3 2025 | 2025-09-30 | 1.61 | −0.11 | −6.36% |
| Q2 2025 | 2025-06-30 | 1.65 | −0.06 | −3.37% |
| Q1 2025 | 2025-03-31 | 1.78 | 0.17 | +10.73% |
| Q4 2024 | 2024-12-31 | 1.71 | 0.26 | +17.88% |
| Q3 2024 | 2024-09-30 | 1.72 | −0.03 | −1.88% |
| Q2 2024 | 2024-06-30 | 1.71 | −0.05 | −2.61% |
| Q1 2024 | 2024-03-31 | 1.61 | −0.32 | −16.49% |
| Q4 2023 | 2023-12-31 | 1.45 | −0.53 | −26.66% |
| Q3 2023 | 2023-09-30 | 1.76 | −0.45 | −20.24% |
| Q2 2023 | 2023-06-30 | 1.75 | −0.24 | −11.94% |
| Q1 2023 | 2023-03-31 | 1.92 | 0.01 | +0.65% |
| Q4 2022 | 2022-12-31 | 1.97 | 0.37 | +22.74% |
| Q3 2022 | 2022-09-30 | 2.20 | 0.81 | +57.89% |
| Q2 2022 | 2022-06-30 | 1.99 | 0.69 | +52.85% |
| Q1 2022 | 2022-03-31 | 1.91 | 0.44 | +30.20% |
| Q4 2021 | 2021-12-31 | 1.61 | 0.23 | +16.67% |
| Q3 2021 | 2021-09-30 | 1.40 | −0.69 | −32.97% |
| Q2 2021 | 2021-06-30 | 1.30 | −1.40 | −51.89% |
| Q1 2021 | 2021-03-31 | 1.47 | −0.81 | −35.43% |
| Q4 2020 | 2020-12-31 | 1.38 | −0.25 | −15.45% |
| Q3 2020 | 2020-09-30 | 2.08 | 0.21 | +11.32% |
| Q2 2020 | 2020-06-30 | 2.70 | 0.59 | +28.12% |
| Q1 2020 | 2020-03-31 | 2.27 | −0.25 | −9.84% |
| Q4 2019 | 2019-12-31 | 1.63 | −0.63 | −27.99% |
| Q3 2019 | 2019-09-30 | 1.87 | −0.21 | −9.91% |
| Q2 2019 | 2019-06-30 | 2.11 | 0.84 | +66.42% |
| Q1 2019 | 2019-03-31 | 2.52 | 1.46 | +138.31% |
| Q4 2018 | 2018-12-31 | 2.26 | 1.28 | +131.00% |
| Q3 2018 | 2018-09-30 | 2.08 | 1.05 | +102.13% |
| Q2 2018 | 2018-06-30 | 1.27 | 0.02 | +1.38% |
| Q1 2018 | 2018-03-31 | 1.06 | −0.35 | −24.95% |
| Q4 2017 | 2017-12-31 | 0.98 | −0.34 | −25.59% |
| Q3 2017 | 2017-09-30 | 1.03 | — | — |
| Q2 2017 | 2017-06-30 | 1.25 | 0.74 | +146.91% |
| Q1 2017 | 2017-03-31 | 1.41 | 0.84 | +146.36% |
| Q4 2016 | 2016-12-31 | 1.32 | 0.85 | +180.11% |
| Q2 2016 | 2016-06-30 | 0.51 | 0.05 | +11.07% |
| Q1 2016 | 2016-03-31 | 0.57 | 0.19 | +49.87% |
| Q4 2015 | 2015-12-31 | 0.47 | 0.21 | +79.07% |
| Q3 2015 | 2015-09-30 | 0.34 | 0.06 | +21.87% |
| Q2 2015 | 2015-06-30 | 0.46 | −0.07 | −13.86% |
| Q1 2015 | 2015-03-31 | 0.38 | −0.16 | −29.17% |
| Q4 2014 | 2014-12-31 | 0.26 | −0.27 | −51.10% |
| Q3 2014 | 2014-09-30 | 0.28 | 0.27 | +3475.58% |
| Q2 2014 | 2014-06-30 | 0.53 | 0.52 | +5523.86% |
| Q1 2014 | 2014-03-31 | 0.54 | 0.53 | +6105.38% |
| Q4 2013 | 2013-12-31 | 0.54 | 0.38 | +245.98% |
| Q3 2013 | 2013-09-30 | 0.01 | −0.00 | −30.01% |
| Q2 2013 | 2013-06-30 | 0.01 | −0.00 | −29.25% |
| Q1 2013 | 2013-03-31 | 0.01 | −0.01 | −40.76% |
| Q4 2012 | 2012-12-31 | 0.16 | −0.06 | −27.63% |
| Q3 2012 | 2012-09-30 | 0.01 | — | — |
| Q2 2012 | 2012-06-30 | 0.01 | — | — |
| Q1 2012 | 2012-03-31 | 0.01 | — | — |
| Q4 2011 | 2011-12-31 | 0.21 | −0.32 | −60.21% |
| Q4 2010 | 2010-12-31 | 0.54 | — | — |
Polaris debt-to-equity ratio trends
Over the last five fiscal years, Polaris's debt-to-equity ratio increased from 1.38 to 2.01, a change of 0.63. The latest reported quarter, Q2 2026, shows 2.46.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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