Hesai (HSAI) Debt Ratio (2021 - 2026)
Hesai's (HSAI) quarterly Debt Ratio came in at 0.06 in Q1 2026, down 1.36% on a YoY basis from 0.06 in Q1 2025, and up 7.98% quarter-over-quarter from 0.05 in Q4 2025.
Analysis
Hesai (HSAI) Debt Ratio (2021 - 2026) Analysis & Trends
Hesai (HSAI) has reported Debt Ratio for 6 consecutive years, with 0.06 the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio fell 1.36% year-over-year to 0.06; the trailing twelve-month figure through Mar 2026 stood at 0.06 (down 1.36% YoY), and the FY2025 full-year result was 0.05, down 53.91% from the prior year.
- Debt Ratio rose to 0.06 in Q1 2026 per HSAI's latest filing, from 0.05 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.12 in Q4 2024 and bottomed at 0.05 in Q4 2025.
- Historically, Debt Ratio has averaged 0.08 across 5 years, with a median of 0.09 in 2023.
- The sharpest annual moves came in 2024 and 2025: Debt Ratio surged 42.25% in 2024, then slumped 53.91% in 2025.
- Over 5 years, Debt Ratio stood at 0.09 in 2022, then slipped by 11.78% to 0.08 in 2023, then surged by 42.25% to 0.12 in 2024, then sank by 53.91% to 0.05 in 2025, then grew by 7.98% to 0.06 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.06, 0.05, and 0.05 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Lumentum Holdings | 69.79 Bn | 67.06 Bn | 477.30 Mn | 0.22 |
| 2 | Coherent | 52.04 Bn | 50.05 Bn | 787.08 Mn | 0.18 |
| 3 | Zebra Technologies | 16.42 Bn | 16.26 Bn | 825.00 Mn | 0.58 |
| 4 | Littelfuse | 10.48 Bn | 9.85 Bn | 306.06 Mn | 0.18 |
| 5 | Vishay Intertechnology | 4.28 Bn | 2.98 Bn | 207.38 Mn | 0.33 |
| 6 | LG Display | 3.14 Bn | 2.07 Bn | 509.35 Mn | 0.49 |
| 7 | Knowles | 3.04 Bn | 2.99 Bn | 74.60 Mn | 0.12 |
| 8 | Bel Fuse | 2.76 Bn | 2.45 Bn | 83.97 Mn | - |
| 9 | Hesai | 2.42 Bn | 1.44 Bn | 50.88 Mn | - |
| 10 | Ouster | 2.32 Bn | 2.06 Bn | 26.69 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 0.06 |
| Dec 31, 2025 | 0.05 |
| Sep 30, 2025 | 0.05 |
| Jun 30, 2025 | 0.09 |
| Mar 31, 2025 | 0.06 |
| Dec 31, 2024 | 0.12 |
| Sep 30, 2024 | 0.11 |
| Jun 30, 2024 | 0.10 |
| Mar 31, 2024 | 0.09 |
| Dec 31, 2023 | 0.08 |
| Sep 30, 2023 | 0.09 |
| Jun 30, 2023 | 0.09 |
| Mar 31, 2023 | 0.09 |
| Dec 31, 2022 | 0.09 |
| Dec 31, 2021 | 0.08 |