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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

RLX Technology (RLX) Debt to Equity (2019 - 2025)

RLX Technology filings provide 7 years of Debt to Equity readings, the most recent being $0.01 for Q4 2025.

  • On a quarterly basis, Debt to Equity rose 134.01% to $0.01 in Q4 2025 year-over-year; TTM through Dec 2025 was $0.01, a 134.01% increase, with the full-year FY2025 number at $0.01, up 132.17% from a year prior.
  • Debt to Equity hit $0.01 in Q4 2025 for RLX Technology, up from $0.0 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.01 in Q4 2025 to a low of $0.0 in Q4 2022.
  • Median Debt to Equity over the past 5 years was $0.0 (2025), compared with a mean of $0.0.
  • Biggest five-year swings in Debt to Equity: surged 5904.46% in 2024 and later tumbled 62.36% in 2025.
  • RLX Technology's Debt to Equity stood at $0.0 in 2021, then tumbled by 94.62% to $0.0 in 2022, then soared by 153.51% to $0.0 in 2023, then surged by 3525.65% to $0.0 in 2024, then skyrocketed by 134.01% to $0.01 in 2025.
  • The last three reported values for Debt to Equity were $0.01 (Q4 2025), $0.0 (Q3 2025), and $0.0 (Q2 2025) per Business Quant data.