Erayak Power Solution Group (Erayak Power Solution Group) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Erayak Power Solution Group Debt-to-Equity?

Erayak Power Solution Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.30 Mil. Erayak Power Solution Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.87 Mil. Erayak Power Solution Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $20.20 Mil. Erayak Power Solution Group's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Erayak Power Solution Group's Debt-to-Equity or its related term are showing as below:

RAYA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 1.52 Max: 8.87
Current: 0.11

During the past 5 years, the highest Debt-to-Equity Ratio of Erayak Power Solution Group was 8.87. The lowest was 0.11. And the median was 1.52.

RAYA's Debt-to-Equity is ranked better than
73.33% of 2621 companies
in the Industrial Products industry
Industry Median: 0.29 vs RAYA: 0.11

Erayak Power Solution Group Debt-to-Equity Historical Data

The historical data trend for Erayak Power Solution Group's Debt-to-Equity 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.

* Premium members only.

Erayak Power Solution Group Debt-to-Equity Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

8.87

3.74

1.52

0.56

0.11

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				1.52	1.16	0.56	0.51	0.11

Competitive Comparison of Erayak Power Solution Group's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Erayak Power Solution Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Erayak Power Solution Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Erayak Power Solution Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Erayak Power Solution Group's Debt-to-Equity falls into.

Erayak Power Solution Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Erayak Power Solution Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.296	+	1.872)	/	20.202
	=	0.11

Erayak Power Solution Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.296	+	1.872)	/	20.202
	=	0.11

Erayak Power Solution Group (NAS:RAYA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Erayak Power Solution Group Debt-to-Equity Related Terms

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Erayak Power Solution Group (Erayak Power Solution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators.