Hesai (HSAI) Debt Ratio (2022 - 2025)

Hesai has reported Debt Ratio for 4 years, with the latest figure at 0.03 in Q4 2025.

• For the quarter ending Q4 2025, Debt Ratio fell 54.45% year-over-year to 0.03; the trailing twelve-month figure through Dec 2025 stood at 0.03 (down 54.45% YoY), and the FY2025 full-year result was 0.03, down 72.17% from the prior year.
• Debt Ratio for Q4 2025 stood at 0.03, down from 0.12 in the prior quarter.
• The five-year high for Debt Ratio was 0.16 in Q4 2023, with the low at 0.03 in Q4 2025.
• Historically, Debt Ratio has averaged 0.1 across 4 years, with a median of 0.1 in 2022.
• Annual changes were most pronounced in 2023 — Debt Ratio jumped 53.56% — and 2024, when it plunged 59.51%.
• Hesai's Debt Ratio stood at 0.1 in 2022, then surged by 53.56% to 0.16 in 2023, then sank by 59.51% to 0.06 in 2024, then sank by 54.45% to 0.03 in 2025.
• The last three Debt Ratio figures came in at 0.03 (Q4 2025), 0.12 (Q1 2025), and 0.06 (Q4 2024), per Business Quant data.