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Erayak Power Solution Group Inc   (NASDAQ: RAYA)
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Erayak Power Solution Group Inc 's Total Debt to Equity

RAYA's quarterly Total Debt to Equity and Total Debt, Equity growth

 


Due to debt repayement of 0% Erayak Power Solution Group Inc improved Total Debt to Equity in forth quarter 2023 to 0.11, a new company low.

Within Miscellaneous Fabricated Products industry in the forth quarter 2023, 9 other companies have achieved lower Total Debt to Equity than Erayak Power Solution Group Inc in the Q4 2023. While Total Debt to Equity total ranking has deteriorated compared to the third quarter 2023 from 449 to 543 .

Explain Debt to Equity Ratio?
How much Total Debts RAYA´s has?
What are RAYA´s Equity?


RAYA Total Debt to Equity (Dec 31 2023)
Q4
0
Q3
0
Q2
0
Q1
(Dec 31 2022)
Q4
Y / Y Equity Change 4.44 % 4.44 % 4.44 % 4.44 % -
Y / Y Total Debt Change -79.92 % -79.92 % -79.92 % -79.92 % -
Total Debt to Equity MRQ 0.11 0.11 0.11 0.11 0.56
RAYA's Total Ranking # 543 # 449 # 449 # 449 # 1834
Seq. Equity Change 0 % 0 % 0 % 4.44 % 0 %
Seq. Total Debt Change 0 % 0 % 0 % -79.92 % 0 %



Total Debt to Equity forth quarter 2023 Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 10
Basic Materials Sector # 56
Overall Market # 543


Total Debt to Equity Statistics
High Average Low
0.56 0.33 0.11
(Dec 31 2022)  




Financial Statements
Erayak Power Solution Group Inc 's Equity $ 20 Millions Visit RAYA's Balance sheet
Erayak Power Solution Group Inc 's Total Debt $ 2 Millions Visit RAYA's Balance sheet
Source of RAYA's Sales Visit RAYA's Sales by Geography


Cumulative Erayak Power Solution Group Inc 's Total Debt to Equity

RAYA's Total Debt to Equity for the trailling 12 Months

RAYA Total Debt to Equity

(Dec 31 2023)
12 Months
0
12 Months
0
12 Months
0
12 Months
(Dec 31 2022)
12 Months
Y / Y Equity TTM Growth 4.44 % 37.77 % 104.44 % 304.44 % -
Y / Y Total Debt TTM Growth -79.92 % -46.59 % 20.08 % 220.08 % -
Total Debt to Equity TTM 0.11 0.22 0.33 0.44 0.56
Total Ranking TTM # 456 # 79 # 0 # 0 # 131
Seq. Equity TTM Growth 1.07 % 1.08 % 1.1 % 1.11 % 33.33 %
Seq. Total Debt TTM Growth -49.88 % -33.28 % -24.97 % -19.98 % 33.33 %


On the trailing twelve months basis Due to debt repayement of 0% Erayak Power Solution Group Inc decreased Total Debt to Equity in the 12 months ending in Q4 2023 to 0.11, below the company's average Total Debt to Equity.
Total Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Miscellaneous Fabricated Products industry 2, during the past 12 months, other companies have achieved lower Total Debt to Equity than Erayak Power Solution Group Inc . While Total Debt to Equity total ranking has deteriorated during the twelve months ending in the Q4 2023, compared to the prior period, from 79 to 456.

Explain Debt to Equity Ratio?
How much Total Debts RAYA´s has?
What are RAYA´s Equity?

TTM Total Debt to Equity Company Ranking
Within: No.
Within the Miscellaneous Fabricated Products Industry # 3
Basic Materials Sector # 44
Within the Market # 456


trailing twelve months Total Debt to Equity Statistics
High Average Low
0.56 0.56 0.56
(Dec 31 2022)  




Companies with similar Total Debt to Equity in the quarter ending Dec 31 2023, within Miscellaneous Fabricated Products Industry Total Debt to EquityDec 31 2023 MRQ Total DebtDec 31 2023 MRQ Equity
American Rebel Holdings Inc   0.28 $ 1.954  Millions$ 6.996  Millions
Nov Inc   0.28 $ 1,725.000  Millions$ 6,242.000  Millions
Helios Technologies Inc   0.26 $ 223.000  Millions$ 854.600  Millions
Gulf Island Fabrication Inc   0.25 $ 20.000  Millions$ 78.971  Millions
Apogee Enterprises Inc   0.22 $ 100.666  Millions$ 455.731  Millions
Oil States International Inc  0.19 $ 136.129  Millions$ 709.545  Millions
Crane Company  0.18 $ 248.500  Millions$ 1,360.300  Millions
Npk International Inc   0.18 $ 75.033  Millions$ 415.364  Millions
Superior Drilling Products Inc   0.13 $ 2.245  Millions$ 16.655  Millions
Quanex Building Products Corporation  0.12 $ 64.094  Millions$ 555.029  Millions
Erayak Power Solution Group Inc   0.11 $ 2.167  Millions$ 20.202  Millions
Solaris Energy Infrastructure inc   0.10 $ 30.000  Millions$ 315.580  Millions
Franklin Electric Co Inc   0.08 $ 100.411  Millions$ 1,209.148  Millions

Date modified: 2024-04-17T08:46:05+00:00



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