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Erayak Power Solution Group Inc
NASDAQ:RAYA

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Erayak Power Solution Group Inc
NASDAQ:RAYA
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Price: 4.04 USD -6.26% Market Closed
Market Cap: 3.6m USD

Bankruptcy Probability

Erayak Power Solution Group Inc's probability of bankruptcy is 3.3%, pointing to a small but noticeable default risk. The solvency score is 50/100 — a warning sign of potential financial weakness.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Moderate
Probability of Bankruptcy

Financial Position

A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.

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Cash & ST Investments
+
Jun 30, 2025 177.1k
Dec 31, 2024 532.6k
Jun 30, 2024 1.1m
Dec 31, 2023 5.9m
Long-Term Investments
+
Jun 30, 2025 0
Dec 31, 2024 0
Jun 30, 2024 0
Dec 31, 2023 0
Debt
+
Jun 30, 2025 10.6m
Dec 31, 2024 5m
Jun 30, 2024 2.8m
Dec 31, 2023 1.9m

Interest Coverage

To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.

The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.

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All Solvency Ratios

Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.

Is Erayak Power Solution Group Inc at risk of bankruptcy?

Erayak Power Solution Group Inc's probability of bankruptcy is 3.3%, pointing to a small but noticeable default risk.

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does Erayak Power Solution Group Inc have?

As of the latest report, Erayak Power Solution Group Inc has total debt of 10.6m USD. This includes both short-term (4.5m USD) and long-term (6m USD) debt.

You can find a full breakdown on its Balance Sheet.

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