Erayak Power Solution Group annual debt-to-equity ratio
2021
2022
2023
2024
2025
Erayak Power Solution Group Debt-to-Equity Ratio Growth & History (RAYA)
Erayak Power Solution Group's debt-to-equity ratio was 0.35 for fiscal 2025.
View full Erayak Power Solution Group company overviewErayak Power Solution Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.35 | 0.16 | +83.40% |
| 2024 | 2024-12-31 | 0.19 | 0.09 | +79.88% |
| 2023 | 2023-12-31 | 0.11 | −0.45 | −80.77% |
| 2022 | 2022-12-31 | 0.56 | −0.96 | −63.23% |
| 2021 | 2021-12-31 | 1.52 | — | — |
Erayak Power Solution Group quarterly debt-to-equity ratio
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q2.25
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 0.35 | 0.16 | +83.40% |
| Q2 2025 | 2025-06-30 | 0.42 | 0.31 | +282.18% |
| Q4 2024 | 2024-12-31 | 0.19 | 0.09 | +79.88% |
| Q2 2024 | 2024-06-30 | 0.11 | −0.17 | −60.78% |
| Q4 2023 | 2023-12-31 | 0.11 | −0.45 | −80.77% |
| Q2 2023 | 2023-06-30 | 0.28 | — | — |
| Q4 2022 | 2022-12-31 | 0.56 | — | — |
Erayak Power Solution Group debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Erayak Power Solution Group's debt-to-equity ratio decreased from 1.52 to 0.35, a change of −1.16. The latest reported quarter, Q4 2025, shows 0.35.
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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