RAYA (Erayak Power Solution Group) Cash-to-Debt : 0.37 (As of Jun. 2024)

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What is Erayak Power Solution Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Erayak Power Solution Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.37.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Erayak Power Solution Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Erayak Power Solution Group's Cash-to-Debt or its related term are showing as below:

RAYA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.5 Max: 2.71
Current: 0.37

During the past 5 years, Erayak Power Solution Group's highest Cash to Debt Ratio was 2.71. The lowest was 0.04. And the median was 0.50.

RAYA's Cash-to-Debt is ranked worse than
73.53% of 3003 companies
in the Industrial Products industry
Industry Median: 1.17 vs RAYA: 0.37

Erayak Power Solution Group Cash-to-Debt Historical Data

The historical data trend for Erayak Power Solution Group's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Erayak Power Solution Group Cash-to-Debt Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.12

0.04

0.50

0.65

2.71

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial					0.65	0.65	0.59	2.71	0.37

Competitive Comparison of Erayak Power Solution Group's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Erayak Power Solution Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Erayak Power Solution Group's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Erayak Power Solution Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Erayak Power Solution Group's Cash-to-Debt falls into.

Erayak Power Solution Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Erayak Power Solution Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	5.877	/	(0.296	+	1.872)
	=	2.71

Erayak Power Solution Group's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1.101	/	(1.241	+	1.71)
	=	0.37

Erayak Power Solution Group (NAS:RAYA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Erayak Power Solution Group Cash-to-Debt Related Terms

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Erayak Power Solution Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators. The company geographically operates in China, Australia, Poland, U.K., and Germany. It derives maximum revenue from China.