Erayak Power Solution Group Inc. (RAYA)

RAYA Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1.1	5.88	7.03	5.17	0.46	1.01
Cash & Short-Term Investments	1.1	5.88	7.03	5.17	0.46	1.01
Cash Growth	-80.94%	-16.43%	35.90%	1023.66%	-54.49%	-
Accounts Receivable	10.36	6.25	9.96	1.75	5.06	0.71
Other Receivables	0.17	0.16	0.1	0.06	0.18	0.55
Receivables	10.53	6.42	10.22	1.81	5.24	1.26
Inventory	9.6	7.06	6.23	3.9	1.68	1.25
Prepaid Expenses	-	-	-	0.5	-	-
Restricted Cash	0	0	0.03	-	3.6	-
Other Current Assets	8.18	2.75	4.72	2.11	0.97	0.18
Total Current Assets	29.42	22.1	28.24	13.49	11.95	3.7
Property, Plant & Equipment	9.15	9.26	9.33	9.93	10.16	9.68
Other Intangible Assets	0.04	0.03	0.01	0.01	0.01	0
Long-Term Deferred Tax Assets	0.03	0.03	0.03	0.04	0.01	0
Long-Term Deferred Charges	-	-	-	-	-	0.03
Other Long-Term Assets	3.77	3.86	-	-	-	-
Total Assets	42.41	35.29	37.61	23.47	22.13	13.42
Accounts Payable	7.96	5.69	4.73	4.15	10.42	2.74
Accrued Expenses	1.17	3.52	0.79	1.26	0.3	0.31
Short-Term Debt	3.25	2.35	6.62	5.91	4.89	0.97
Current Portion of Long-Term Debt	0.18	0.23	4.35	-	-	-
Current Portion of Leases	-	-	-	-	-	6.38
Current Income Taxes Payable	0.58	1.07	0.84	-	0.81	0.2
Current Unearned Revenue	0.9	0.36	0.71	0.54	-	-
Other Current Liabilities	-	-	-0	-	0.8	0.42
Total Current Liabilities	14.03	13.21	18.04	11.87	17.22	11.02
Long-Term Debt	1.71	1.87	0.22	4.71	1.53	1.44
Other Long-Term Liabilities	-	0	-	-	-	-
Total Liabilities	15.74	15.08	18.26	16.58	18.75	12.45
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	18.64	10.65	10.65	1.06	1.06	1.06
Retained Earnings	9.24	10.3	9.08	5.61	2.21	-0
Comprehensive Income & Other	-1.22	-0.74	-0.38	0.23	0.1	-0.09
Shareholders' Equity	26.67	20.2	19.34	6.89	3.38	0.97
Total Liabilities & Equity	42.41	35.29	37.61	23.47	22.13	13.42
Total Debt	5.14	4.45	11.19	10.62	6.42	8.79
Net Cash (Debt)	-4.04	1.43	-4.15	-5.45	-5.96	-7.78
Net Cash Per Share	-0.30	0.12	-0.45	-3.85	-	-
Filing Date Shares Outstanding	28	12	12	9	-	-
Total Common Shares Outstanding	28	12	12	9	-	-
Working Capital	15.39	8.89	10.19	1.63	-5.27	-7.31
Book Value Per Share	0.95	1.68	1.61	0.77	-	-
Tangible Book Value	26.63	20.17	19.34	6.88	3.36	0.97
Tangible Book Value Per Share	0.95	1.68	1.61	0.76	-	-
Buildings	0.49	0.5	0.5	0.29	-	-
Machinery	2.82	2.74	2.15	1.57	1.25	1.01
Construction In Progress	0.47	0.02	-	-	0.28	0.25

Source: S&P Capital IQ. Standard template. Financial Sources.