Erayak Power Solution Group Inc. (RAYA)

RAYA Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	0.53	5.88	7.03	5.17	0.46
Cash & Short-Term Investments	0.53	5.88	7.03	5.17	0.46
Cash Growth	-90.94%	-16.43%	35.90%	1023.66%	-54.49%
Accounts Receivable	13.35	6.25	9.96	1.75	5.06
Other Receivables	0.14	0.16	0.1	0.06	0.18
Receivables	13.49	6.42	10.22	1.81	5.24
Inventory	8.84	7.06	6.23	3.9	1.68
Prepaid Expenses	-	-	-	0.5	-
Restricted Cash	0.79	0	0.03	-	3.6
Other Current Assets	9.44	2.75	4.72	2.11	0.97
Total Current Assets	33.09	22.1	28.24	13.49	11.95
Property, Plant & Equipment	8.62	9.26	9.33	9.93	10.16
Long-Term Investments	4.16	3.86	-	-	-
Other Intangible Assets	0.06	0.03	0.01	0.01	0.01
Long-Term Deferred Tax Assets	0.1	0.03	0.03	0.04	0.01
Total Assets	46.03	35.29	37.61	23.47	22.13
Accounts Payable	8.34	5.69	4.73	4.15	10.42
Accrued Expenses	0.82	3.52	0.79	1.26	0.3
Short-Term Debt	4.57	2.35	6.62	5.91	4.89
Current Portion of Long-Term Debt	0.16	0.23	4.35	-	-
Current Income Taxes Payable	1.02	1.07	0.84	-	0.81
Current Unearned Revenue	0.63	0.36	0.71	0.54	-
Other Current Liabilities	-	-	-0	-	0.8
Total Current Liabilities	15.53	13.21	18.04	11.87	17.22
Long-Term Debt	3.91	1.87	0.22	4.71	1.53
Other Long-Term Liabilities	-	0	-	-	-
Total Liabilities	19.45	15.08	18.26	16.58	18.75
Common Stock	0.01	0	0	0	0
Additional Paid-In Capital	18.64	10.65	10.65	1.06	1.06
Retained Earnings	9.18	10.3	9.08	5.61	2.21
Comprehensive Income & Other	-1.24	-0.74	-0.38	0.23	0.1
Shareholders' Equity	26.59	20.2	19.34	6.89	3.38
Total Liabilities & Equity	46.03	35.29	37.61	23.47	22.13
Total Debt	8.64	4.45	11.19	10.62	6.42
Net Cash (Debt)	-8.11	1.43	-4.15	-5.45	-5.96
Net Cash Per Share	-0.32	0.12	-0.45	-3.85	-
Filing Date Shares Outstanding	50.59	12	12	9	-
Total Common Shares Outstanding	50.59	12	12	9	-
Working Capital	17.56	8.89	10.19	1.63	-5.27
Book Value Per Share	0.53	1.68	1.61	0.77	-
Tangible Book Value	26.52	20.17	19.34	6.88	3.36
Tangible Book Value Per Share	0.52	1.68	1.61	0.76	-
Buildings	0.75	0.5	0.5	0.29	-
Machinery	2.91	2.74	2.15	1.57	1.25
Construction In Progress	0.22	0.02	-	-	0.28

Updated Nov 5, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q