Erayak Power Solution (RAYA) Debt to Equity (2021 - 2025)

Erayak Power Solution's Debt to Equity history runs 5 years deep, the most recent figure standing at $0.33 for Q4 2025.

• In Q4 2025, Debt to Equity rose 77.55% year-over-year to $0.33; the TTM figure through Dec 2025 stood at $0.33 (up 77.55% YoY), while the FY2025 annual figure was $0.33, up 77.55% from the prior year.
• Debt to Equity was $0.33 for Q4 2025 at Erayak Power Solution, down from $0.4 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $92643.5 in Q4 2023 to a low of $0.1 in Q2 2024.
• Historically, Debt to Equity has averaged $11580.7 across 5 years, with a median of $0.33 in 2022.
• The sharpest annual moves came in 2023 and 2024: Debt to Equity jumped 27807291.98% in 2023, then slumped 100.0% in 2024.
• A 5-year view of Debt to Equity shows it stood at $0.83 in 2021, then slumped by 60.1% to $0.33 in 2022, then surged by 27807291.98% to $92643.5 in 2023, then plunged by 100.0% to $0.19 in 2024, then soared by 77.55% to $0.33 in 2025.
• The last three Debt to Equity figures came in at $0.33 (Q4 2025), $0.4 (Q2 2025), and $0.19 (Q4 2024), per Business Quant data.