ERAYAK Power Solution Group Inc. balance sheet RAYA

Annual Quarterly

As of Dec 31, 2025, ERAYAK Power Solution Group Inc. had total assets of $59.4 million and total liabilities of $24.2 million. Total assets were up 29.1% from a year earlier. Stockholders' equity was $35.3 million. It held $5.2 million in cash and investments against $12.5 million of total debt, net debt of $7.3 million. The current ratio, current assets divided by current liabilities, was 2.09.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
Assets
Cash
0
-67.0%
1
-77.5%
6
—
Short-term investments
5
—
—
—
Long-term investments
0
-52.9%
0
—
—
Cash and investments
5
+197.7%
2
-70.5%
6
—
Receivables
14
+12.8%
12
+92.5%
6
-37.2%
10
Inventory
10
+10.1%
9
+25.2%
7
+13.3%
6
Total current assets
43
+31.0%
33
+49.7%
22
-21.7%
28
Property and equipment, net
7
+229.2%
2
+12.1%
2
+15.8%
2
Total assets
59
+29.1%
46
+30.5%
35
-6.2%
38
Liabilities and equity
Accounts payable
6
-26.8%
8
+46.5%
6
+20.3%
5
Total current liabilities
21
+33.7%
16
+17.6%
13
-26.8%
18
Total liabilities
24
+24.3%
19
+28.9%
15
-17.4%
18
Stockholders' equity
35
+32.6%
27
+31.6%
20
+4.4%
19
Debt
Debt due within a year
9
+645.2%
1
+311.5%
0
-97.2%
11
Long-term debt
3
-12.9%
4
+109.1%
2
—
Total debt
12
+143.3%
5
+136.7%
2
-79.5%
11
Net cash
-7
-115.5%
-3
-191.5%
4
—
Ratios
Current ratio
2.09x
2.13x
1.67x
1.56x
Debt to equity
0.35x
0.19x
0.11x
0.55x
Debt to EBITDA
—
—
1.92x
—
Return on equity
-3.94%
-4.20%
6.03%
17.97%
Return on assets
-2.34%
-2.42%
3.45%
9.24%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry
Motors & Generators (SIC 3621)
Listed as
RAYA (Nasdaq)
Incorporated in
Cayman Islands
Headquarters
Wenzhou, Zhejiang, China
SEC filer status
Non-accelerated filer, Emerging growth company
SEC CIK
1825875

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.