RLX Technology (RLX) Debt Ratio (2019 - 2026)

RLX Technology (RLX) reported Debt Ratio of 0.01 for Q1 2026, up 118.17% on a YoY basis from 0.0 in Q1 2025, and up 49.25% quarter-over-quarter from 0.01 in Q4 2025.

RLX Technology (RLX) Debt Ratio (2019 - 2026) Analysis & Trends

RLX Technology has reported Debt Ratio for 6 years, with the latest figure at 0.01 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 118.17% year-over-year to 0.01; the trailing twelve-month figure through Mar 2026 stood at 0.01 (up 118.17% YoY), and the FY2025 full-year result was 0.01, up 116.65% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.01, up from 0.01 in the prior quarter.
  • The five-year high for Debt Ratio was 0.01 in Q1 2026, with the low at 0.0 in Q4 2022.
  • Historically, Debt Ratio has averaged 0.0 across 4 years, with a median of 0.01 in 2022.
  • Annual changes were most pronounced in 2025 — Debt Ratio jumped 116.66% — and 2026, when it soared 118.17%.
  • RLX Technology's Debt Ratio stood at 0.0 in 2022, then surged by 9080.37% to 0.0 in 2024, then surged by 116.66% to 0.01 in 2025, then jumped by 49.25% to 0.01 in 2026.
  • The last three Debt Ratio figures came in at 0.01 (Q1 2026), 0.01 (Q4 2025), and 0.01 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Philip Morris International 277.78 Bn 274.30 Bn 6.91 Bn 0.72
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn 0.71
3 British American Tobacco p.l.c 45.84 Bn 40.53 Bn - 0.00
4 Turning Point Brands 1.66 Bn 1.49 Bn 68.30 Mn 0.38
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn 0.22
6 RLX Technology 355.86 Mn -269.04 Mn 73.10 Mn 0.01
7 Ispire Technology 97.40 Mn 79.11 Mn 1.99 Mn 0.01
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn 0.07
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 -
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.01
Dec 31, 2025 0.01
Sep 30, 2025 0.01
Jun 30, 2025 0.01
Mar 31, 2025 0.00
Dec 31, 2024 0.00
Dec 31, 2022 0.00
Sep 30, 2022 0.01
Jun 30, 2022 0.01
Mar 31, 2022 0.01
Dec 31, 2020 0.00
Dec 31, 2019 0.45