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.