Erayak Power Solution Group Inc. key statistics and ratios

In fiscal 2025, Erayak Power Solution Group Inc. had return on equity of -4.5% and a net margin of -6.1%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Erayak Power Solution Group Inc.: financial ratios, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net margin	15.7%	18.2%	12.9%	6.0%	−3.7%	−6.1%
Return on equity	65.6%	66.1%	26.5%	6.2%	−4.8%	−4.5%
Return on assets	—	14.5%	11.4%	3.3%	−2.7%	−2.6%
Effective tax rate	14.8%	8.2%	11.2%	13.7%	—	—
R&D as % of revenue	4.3%	5.3%	3.5%	5.8%	5.5%	7.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 6 checks passed · December 31, 2025

What it owns · $59m

Short-term assets $43mLonger-term assets $16m

What it owes, and who funded it · $59m

Short-term liabilities $21mLonger-term liabilities $3mShareholders' equity $35m

Short-term assets cover short-term liabilities $43m of assets due within a year against $21m of liabilities due within a year.
Short-term assets cover long-term liabilities $43m short-term assets against $3m of longer-dated liabilities.
More cash than debt $436,788 of cash against $4m of debt.
Debt below 40% of shareholders' equity Debt is 12% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$3m of operating cash flow against $4m of debt.
Operating profit covers interest at least five times over Operating income of −$2m against −$48,040 of interest.

From Erayak Power Solution Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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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.