Erayak Power Solution Group (Erayak Power Solution Group) Debt-to-Revenue : 0.10 (As of Dec. 2023)

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What is Erayak Power Solution Group Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Erayak Power Solution Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.30 Mil. Erayak Power Solution Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.87 Mil. Erayak Power Solution Group's annualized Revenue for the quarter that ended in Dec. 2023 was $21.75 Mil. Erayak Power Solution Group's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Erayak Power Solution Group Debt-to-Revenue Historical Data

The historical data trend for Erayak Power Solution Group's Debt-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Erayak Power Solution Group Debt-to-Revenue Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

0.96

0.89

0.56

0.40

0.11

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Revenue	Get a 7-Day Free Trial				0.49	0.44	0.35	0.52	0.10

Competitive Comparison of Erayak Power Solution Group's Debt-to-Revenue

For the Electrical Equipment & Parts subindustry, Erayak Power Solution Group's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Erayak Power Solution Group's Debt-to-Revenue Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Erayak Power Solution Group's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Erayak Power Solution Group's Debt-to-Revenue falls into.

Erayak Power Solution Group Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Erayak Power Solution Group's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.296	+	1.872)	/	20.322
	=	0.11

Erayak Power Solution Group's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.296	+	1.872)	/	21.746
	=	0.10

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Dec. 2023) Revenue data.

Erayak Power Solution Group Debt-to-Revenue Related Terms

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Erayak Power Solution Group (Erayak Power Solution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators.