Erayak Power Solution Group Inc (RAYA)
0.661
+0.02
(+3.28%)
USD |
NASDAQ |
Sep 20, 16:00
Erayak Power Solution Group Debt to Equity Ratio: 0.1073 for Dec. 31, 2023
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| December 31, 2023 | 0.1073 |
| June 30, 2023 | 0.5134 |
| December 31, 2022 | 0.558 |
| June 30, 2022 | 1.158 |
| Date | Value |
|---|---|
| December 31, 2021 | 1.518 |
| June 30, 2021 | 2.097 |
| December 31, 2020 | 3.737 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
0.1073
Minimum
Dec 2023
3.737
Maximum
Dec 2020
1.384
Average
1.158
Median
Jun 2022
Debt to Equity Ratio Benchmarks
| CBAK Energy Technology Inc | 0.2798 |
| Addentax Group Corp | 0.1606 |
| EHang Holdings Ltd | 0.2776 |
| MingZhu Logistics Holdings Ltd | 0.4573 |
| Sunrise New Energy Co Ltd | 8.647 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 35.29M |
| Total Liabilities (Quarterly) | 15.08M |
| Shareholders Equity (Quarterly) | 20.20M |
| Current Ratio | 1.673 |
| Net Debt Paydown Yield | 19.19% |