Hesai (HSAI) Debt Ratio (2022 - 2026)
Hesai's Debt Ratio was 0.07 in the quarter ended Mar 31, 2026, up 11.2% from 0.06 a year earlier and up 4.8% from the prior quarter.
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Analysis
Hesai (HSAI) Debt Ratio (2022 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Debt Ratio at Hesai came in at 0.08, down 25.3% from the prior year.
- In earlier years, Debt Ratio was 0.10 in the year ended Dec 31, 2024 (+45.9%), 0.07 in the year ended Dec 31, 2023 (-35.7%) and 0.11 in the year ended Dec 31, 2022.
- The figure for the quarter ended Mar 31, 2026 marks the highest quarterly Debt Ratio since the quarter ended Dec 31, 2024.
- Compared with a year earlier, Debt Ratio was higher in three of the last eight quarters, with an average decline of 2.1%.
- The best year-over-year quarter for Debt Ratio over five years was the quarter ended Mar 31, 2024 (growth of 46.2%); the worst was the quarter ended Dec 31, 2025 (a decline of 38.1%).
- Per Business Quant data, HSAI's Debt Ratio in the three quarters before the quarter ended Mar 31, 2026 was 0.06 (quarter ended Dec 31, 2025), 0.04 (quarter ended Sep 30, 2025) and 0.06 (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 0.22 |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 0.23 |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 0.27 |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | - |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | - |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 0.36 |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 0.08 |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 0.08 |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 0.22 |
| 10 | Hesai | 2.49 Bn | -1.01 Bn | 50.88 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 0.07 |
| Dec 31, 2025 | 0.06 |
| Sep 30, 2025 | 0.04 |
| Jun 30, 2025 | 0.06 |
| Mar 31, 2025 | 0.06 |
| Dec 31, 2024 | 0.10 |
| Sep 30, 2024 | 0.06 |
| Jun 30, 2024 | 0.06 |
| Mar 31, 2024 | 0.06 |
| Dec 31, 2023 | 0.07 |
| Sep 30, 2023 | 0.07 |
| Jun 30, 2023 | 0.06 |
| Mar 31, 2023 | 0.04 |
| Dec 31, 2022 | 0.11 |
API Access
Hesai Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=HSAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "HSAI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=HSAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();