Erayak Power Solution Group Balance Sheet Health
Financial Health criteria checks 3/6
Erayak Power Solution Group has a total shareholder equity of $26.7M and total debt of $5.1M, which brings its debt-to-equity ratio to 19.3%. Its total assets and total liabilities are $42.4M and $15.7M respectively.
Key information
19.3%
Debt to equity ratio
US$5.14m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.10m |
| Equity | US$26.67m |
| Total liabilities | US$15.74m |
| Total assets | US$42.41m |
Recent financial health updates
No updates
Recent updates
Erayak Power Solution Group Inc. (NASDAQ:RAYA) Stock Rockets 80% But Many Are Still Ignoring The Company
Nov 06
There May Be Reason For Hope In Erayak Power Solution Group's (NASDAQ:RAYA) Disappointing Earnings
Apr 25Erayak Power Solution Group (NASDAQ:RAYA) Will Want To Turn Around Its Return Trends
Mar 09Lacklustre Performance Is Driving Erayak Power Solution Group Inc.'s (NASDAQ:RAYA) 25% Price Drop
Jul 20Financial Position Analysis
Short Term Liabilities: RAYA's short term assets ($29.4M) exceed its short term liabilities ($14.0M).
Long Term Liabilities: RAYA's short term assets ($29.4M) exceed its long term liabilities ($1.7M).
Debt to Equity History and Analysis
Debt Level: RAYA's net debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RAYA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RAYA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if RAYA's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 08:40 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Erayak Power Solution Group Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hunter Diamond | Diamond Equity Research LLC |