Hesai (HSAI) Debt to Equity (2022 - 2025)

Hesai posted quarterly Debt to Equity of $0.04 for Q4 2025, down 62.41% year-on-year from $0.1 in Q4 2024, and down 62.41% on a QoQ basis from $0.1 in Q4 2024.

Hesai (HSAI) has 4 years of Debt to Equity data on file, last reported at $0.04 in Q4 2025.

  • For the quarter ending Q4 2025, Debt to Equity fell 62.41% year-over-year to $0.04; the trailing twelve-month figure through Dec 2025 stood at $0.04 (down 62.41% YoY), and the FY2025 full-year result was $0.04, down 77.04% from the prior year.
  • Debt to Equity for Q4 2025 stood at $0.04, down from $0.1 in the prior quarter.
  • Across five years, Debt to Equity topped out at $0.1 in Q4 2024 and bottomed at -$0.01 in Q4 2022.
  • The 4-year median for Debt to Equity is $0.06 (2025), against an average of $0.05.
  • The widest annual swing landed in 2023, when Debt to Equity soared 1368.21%; it then tumbled 62.41% in 2025.
  • A 4-year view of Debt to Equity shows it stood at -$0.01 in 2022, then surged by 1368.21% to $0.07 in 2023, then jumped by 31.77% to $0.1 in 2024, then sank by 62.41% to $0.04 in 2025.
  • The last three Debt to Equity figures came in at $0.04 (Q4 2025), $0.1 (Q4 2024), and $0.07 (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 O Reilly Automotive 77.46 Bn 77.21 Bn 2.35 Bn -5.81
2 Autozone 56.88 Bn 56.59 Bn 2.24 Bn -3.06
3 Genuine Parts 13.45 Bn 12.97 Bn 2.34 Bn 1.04
4 Modine Manufacturing 13.16 Bn 13.07 Bn 186.10 Mn 0.54
5 Borgwarner 13.07 Bn 13.23 Bn 677.00 Mn 0.71
6 Aptiv 11.89 Bn 8.82 Bn 920.00 Mn 1.01
7 Magna International 10.79 Bn 9.60 Bn 1.42 Bn -
8 Allison Transmission Holdings 9.02 Bn 8.71 Bn 406.00 Mn 2.24
9 Autoliv 9.01 Bn 8.66 Bn 526.00 Mn 0.79
10 Hesai 410.61 Mn -260.42 Mn 38.57 Mn -

Historic Data

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DateValue
Dec 31, 2025 0.04
Sep 30, 2025 0.04
Jun 30, 2025 0.06
Mar 31, 2025 0.07
Dec 31, 2024 0.10
Sep 30, 2024 0.08
Jun 30, 2024 0.09
Mar 31, 2024 0.09
Dec 31, 2023 0.07
Dec 31, 2022 -0.01