Erayak Power Solution Group Balance Sheet Health
Financial Health criteria checks 4/6
Erayak Power Solution Group has a total shareholder equity of $20.2M and total debt of $4.5M, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are $35.3M and $15.1M respectively. Erayak Power Solution Group's EBIT is $746.8K making its interest coverage ratio 1.9. It has cash and short-term investments of $5.9M.
Key information
22.0%
Debt to equity ratio
US$4.45m
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$5.88m |
| Equity | US$20.20m |
| Total liabilities | US$15.08m |
| Total assets | US$35.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAYA's short term assets ($22.1M) exceed its short term liabilities ($13.2M).
Long Term Liabilities: RAYA's short term assets ($22.1M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: RAYA has more cash than its total debt.
Reducing Debt: Insufficient data to determine if RAYA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RAYA's debt is well covered by operating cash flow (151.2%).
Interest Coverage: RAYA's interest payments on its debt are not well covered by EBIT (1.9x coverage).