Hesai (HSAI) Debt to Equity (2022 - 2025)
Hesai (HSAI) reported Debt to Equity of $0.04 for Q4 2025, down 62.41% on a YoY basis from $0.1 in Q4 2024, and down 78.31% quarter-over-quarter from $0.17 in Q1 2025.
Hesai (HSAI) Debt to Equity (2022 - 2025) Analysis & Trends
Hesai has reported Debt to Equity for 4 years, with the latest figure 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 $0.17 in the prior quarter.
- The five-year high for Debt to Equity was $0.23 in Q4 2023, with the low at -$0.13 in Q4 2022.
- Historically, Debt to Equity has averaged $0.08 across 4 years, with a median of $0.1 in 2024.
- Annual changes were most pronounced in 2023 — Debt to Equity soared 284.42% — and 2025, when it sank 62.41%.
- Hesai's Debt to Equity stood at -$0.13 in 2022, then surged by 284.42% to $0.23 in 2023, then plunged by 57.93% to $0.1 in 2024, then slumped by 62.41% to $0.04 in 2025.
- The last three Debt to Equity figures came in at $0.04 (Q4 2025), $0.17 (Q1 2025), and $0.1 (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 76.00 Bn | 75.75 Bn | 2.35 Bn | -5.81 |
| 2 | Autozone | 51.46 Bn | 51.20 Bn | 2.52 Bn | -3.24 |
| 3 | Modine Manufacturing | 15.07 Bn | 14.98 Bn | 186.10 Mn | 0.54 |
| 4 | Borgwarner | 14.88 Bn | 15.05 Bn | 677.00 Mn | 0.71 |
| 5 | Genuine Parts | 14.73 Bn | 14.25 Bn | 2.34 Bn | 1.04 |
| 6 | Aptiv | 13.96 Bn | 10.89 Bn | 920.00 Mn | 1.01 |
| 7 | Aurora Innovation | 11.93 Bn | 10.71 Bn | -5.00 Mn | - |
| 8 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | - |
| 9 | Allison Transmission Holdings | 10.06 Bn | 9.75 Bn | 406.00 Mn | 2.24 |
| 10 | Hesai | 347.84 Mn | 112.86 Mn | 38.57 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.04 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | 0.10 |
| Dec 31, 2023 | 0.23 |
| Dec 31, 2022 | -0.13 |