Erayak Power Solution Group Inc (RAYA)
1.22
-0.06
(-4.69%)
USD |
NASDAQ |
Nov 13, 16:00
1.27
+0.05
(+4.10%)
After-Hours: 20:00
Erayak Power Solution Group Debt to Equity Ratio: 0.1107 for June 30, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| June 30, 2024 | 0.1107 |
| December 31, 2023 | 0.1073 |
| June 30, 2023 | 0.5134 |
| December 31, 2022 | 0.558 |
| Date | Value |
|---|---|
| June 30, 2022 | 1.158 |
| 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
1.225
Average
0.8582
Median
Debt to Equity Ratio Benchmarks
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 42.41M |
| Total Liabilities (Quarterly) | 15.74M |
| Shareholders Equity (Quarterly) | 26.67M |
| Current Ratio | 2.097 |
| Net Debt Paydown Yield | 11.26% |