Erayak Power Solution Group Inc. balance sheet

At the end of fiscal 2025, Erayak Power Solution Group Inc. had total assets of $59.4m, total liabilities of $24.2m and shareholders' equity of $35.3m. It held $436,788 in cash against $12.5m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Erayak Power Solution Group Inc.: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	—	—	7	6	1	0
Receivables	—	2	10	6	12	14
Inventory	—	4	6	7	9	10
Total current assets	—	13	28	22	33	43
Total assets	—	23	38	35	46	59
Accounts payable	—	4	5	6	8	6
Total current liabilities	—	12	18	13	16	21
Short-term debt	—	6	4	0	0	1
Long-term debt	—	5	0	2	4	3
Total debt	—	10	11	2	5	12
Total liabilities	—	17	18	15	19	24
Shareholders' equity	3	7	19	20	27	35

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Erayak Power Solution Group Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Erayak Power Solution Group Inc.