Erayak Power Solution Group
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Erayak Power Solution Group's balance sheet done over the years? Its assets were worth $35,285,266 last year, which is less than in the previous period. 43% of Erayak Power Solution Group’s total assets is currently financed by debt. Its liabilities reached the amount of $15,083,178, which means an decrease by -17% compared compared to last year.
Debt to Assets
| 2019 | 13423354 | 12.45M | 92.78% |
|---|---|---|---|
| 2020 | 22127296 | 18.75M | 84.74% |
| 2021 | 23470453 | 16.57M | 70.63% |
| 2022 | 37605200 | 18.26M | 48.56% |
| 2023 | 35285266 | 15.08M | 42.75% |
RAYA Balance Sheet (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Assets | |||||
Current assets: | |||||
Cash and cash equivalents | 5.87M | 7.03M | 5.17M | 460.52K | 1.01M |
Short term investments | 0 | 0 | 0 | 0 | 0 |
Net receivables | 6.41M | 10.22M | 1.80M | 5.23M | 1.25M |
Inventory | 7.05M | 6.22M | 3.90M | 1.68M | 1.25M |
Other current assets | 2.74M | 4.75M | 2.60M | 4.56M | 182.07K |
Total current assets | 22.09M | 28.23M | 13.49M | 11.94M | 3.70M |
Non-current assets: | |||||
Property, Plant and Equipment | 9.26M | 9.32M | 9.92M | 10.16M | 9.68M |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 31.85K | 8.81K | 11.09K | 12.06K | 3.23K |
Long term investments | 0 | 9.33M | 9.94M | 10.17M | 0 |
Other non-current assets | 3.85M | -9.33M | -9.94M | -10.17M | 30.49K |
Total non-current assets | 13.18M | 9.36M | 9.97M | 10.17M | 9.71M |
Total assets | 35.28M | 37.60M | 23.47M | 22.12M | 13.42M |
Liabilities | |||||
| Current liabilities: | |||||
Accounts payable | |||||
Deferred revenue | 357.38K | 711.01K | 542.01K | 802.66K | 416.13K |
Short term debt | 295.80K | 10.57M | 5.75M | 11.08M | 7.15M |
Total current liabilities | 13.21M | 18.04M | 11.86M | 17.21M | 11.01M |
| Non-current liabilities: | |||||
Long term debt | 1.87M | 217.52K | 4.70M | 1.53M | 1.43M |
Deferred tax | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | -217.52K | -4.70M | -1.53M | -1.43M |
Total non-current liabilities | 1.87M | 217.52K | 4.70M | 1.53M | 1.43M |
Total liabilities | 15.08M | 18.26M | 16.57M | 18.75M | 12.45M |
| Data source | Data source |