RLX Technology (RLX) Debt Ratio (2019 - 2026)
RLX Technology (RLX) posted Debt Ratio of 0.01 for Q1 2026, down 80.06% on a QoQ basis from 0.03 in Q4 2025, and up 255.47% year-over-year from 0.0 in Q1 2025.
RLX Technology (RLX) Debt Ratio (2019 - 2026) Analysis & Trends
RLX Technology's Debt Ratio history runs 8 years deep, the most recent figure standing at 0.01 for Q1 2026.
- Quarterly Debt Ratio rose 255.47% year-over-year to 0.01 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.01 (up 255.47% YoY) and the FY2025 annual result came in at 0.03, up 983.33% from the prior year.
- Debt Ratio was 0.01 for Q1 2026 at RLX Technology, down from 0.03 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.03 in Q4 2025 and bottomed at 0.0 in Q4 2022.
- A 5-year average of 0.0 and a median of 0.0 in 2025 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2024 — Debt Ratio soared 5822.4% — and 2025, when it slumped 62.32%.
- RLX Technology's Debt Ratio stood at 0.0 in 2022, then soared by 157.57% to 0.0 in 2023, then surged by 3464.2% to 0.0 in 2024, then jumped by 1016.52% to 0.03 in 2025, then sank by 80.06% to 0.01 in 2026.
- Business Quant data shows RLX's Debt Ratio at 0.01 in Q1 2026, 0.03 in Q4 2025, and 0.0 in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | 0.72 |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | 0.29 |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | 0.73 |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | 0.01 |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | 0.38 |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | 0.33 |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | 0.01 |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | 2.78 |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | 0.04 |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.01 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.00 |
| Jun 30, 2025 | 0.00 |
| Mar 31, 2025 | 0.00 |
| Dec 31, 2024 | 0.00 |
| Sep 30, 2024 | 0.00 |
| Jun 30, 2024 | 0.00 |
| Mar 31, 2024 | 0.00 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.00 |
| Mar 31, 2021 | 0.00 |
| Dec 31, 2020 | 0.00 |
| Dec 31, 2019 | 0.45 |