Erayak Power Solution (RAYA) Debt Ratio (2021 - 2025)

Erayak Power Solution's (RAYA) quarterly Debt Ratio came in at 0.07 in Q4 2025, down 20.42% year-on-year from 0.09 in Q4 2024, and down 48.01% quarter-over-quarter from 0.14 in Q2 2025.

Erayak Power Solution (RAYA) Debt Ratio (2021 - 2025) Analysis & Trends

Erayak Power Solution's Debt Ratio history runs 5 years deep, the most recent figure standing at 0.07 for Q4 2025.

  • On a quarterly basis, Debt Ratio fell 20.42% year-over-year to 0.07 in Q4 2025; TTM through Dec 2025 was 0.07, a 20.42% decrease from a year earlier, with the FY2025 full-year figure at 0.07, down 20.42% from the prior year.
  • Debt Ratio fell to 0.07 in Q4 2025 per RAYA's latest filing, from 0.14 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.45 in Q4 2021 and bottomed at 0.04 in Q2 2024.
  • The 5-year median for Debt Ratio is 0.1 (2022), against an average of 0.14.
  • Across the five-year window, Debt Ratio plunged 72.76% in 2022 and soared 204.63% in 2025, its largest moves.
  • Year by year, Debt Ratio stood at 0.45 in 2021, then plunged by 72.76% to 0.12 in 2022, then tumbled by 54.68% to 0.06 in 2023, then jumped by 60.83% to 0.09 in 2024, then declined by 20.42% to 0.07 in 2025.
  • Per Business Quant, the three latest RAYA Debt Ratio figures stand at 0.07 (Q4 2025), 0.14 (Q2 2025), and 0.09 (Q4 2024).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 0.30
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 0.22
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn -
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 0.31
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 0.22
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 0.44
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 0.15
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn -
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 0.28
10 Erayak Power Solution 18,944.10 -6.37 Mn - 0.07

Historic Data

Download Data
DateValue
Dec 31, 2025 0.07
Jun 30, 2025 0.14
Dec 31, 2024 0.09
Jun 30, 2024 0.04
Dec 31, 2023 0.06
Jun 30, 2023 0.14
Dec 31, 2022 0.12
Dec 31, 2021 0.45