Hangzhou Raycloud Technology Co Ltd (688365) - Total Liabilities

Latest as of March 2026: CN¥831.09 Million CNY ≈ $121.61 Million USD

Based on the latest financial reports, Hangzhou Raycloud Technology Co Ltd (688365) has total liabilities worth CN¥831.09 Million CNY (≈ $121.61 Million USD) as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Check 688365 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Hangzhou Raycloud Technology Co Ltd - Total Liabilities Trend (2016–2025)

This chart illustrates how Hangzhou Raycloud Technology Co Ltd's total liabilities have evolved over time, based on quarterly financial data. For the complete balance sheet picture, see Hangzhou Raycloud Technology Co Ltd total assets.

Hangzhou Raycloud Technology Co Ltd Competitors by Total Liabilities

The table below lists competitors of Hangzhou Raycloud Technology Co Ltd ranked by their total liabilities.

Company	Country	Total Liabilities
Yubico AB ST:YUBICO	Sweden	Skr589.70 Million
Henan Hengxing Science & Technology Co Ltd SHE:002132	China	CN¥4.80 Billion
Xinzhi Motor Co Ltd SHE:002664	China	CN¥7.85 Billion
Shenzhen New Nanshan Holding Group Co Ltd SHE:002314	China	CN¥46.30 Billion
Bata India Limited NSE:BATAINDIA	India	Rs21.83 Billion
Corticeira Amorim LS:COR	Portugal	€491.25 Million
Blacksky Technology Inc NYSE:BKSY	USA	$305.49 Million
GuangZhou BaiYun Elec Equip Co SHG:603861	China	CN¥6.46 Billion

Liability Composition Analysis (2016–2025)

This chart breaks down Hangzhou Raycloud Technology Co Ltd's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. See Hangzhou Raycloud Technology Co Ltd (688365) net asset quality to measure how much of total assets are equity-financed.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	0.72	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	N/A	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	0.87	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.47	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how Hangzhou Raycloud Technology Co Ltd's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

Annual Total Liabilities for Hangzhou Raycloud Technology Co Ltd (2016–2025)

The table below shows the annual total liabilities of Hangzhou Raycloud Technology Co Ltd from 2016 to 2025.

Year	Total Liabilities	Change
2025-12-31	CN¥805.84 Million ≈ $117.92 Million	+23.99%
2024-12-31	CN¥649.91 Million ≈ $95.10 Million	+19.35%
2023-12-31	CN¥544.52 Million ≈ $79.68 Million	+22.55%
2022-12-31	CN¥444.33 Million ≈ $65.02 Million	+19.77%
2021-12-31	CN¥370.99 Million ≈ $54.29 Million	+123.71%
2020-12-31	CN¥165.84 Million ≈ $24.27 Million	+54.47%
2019-12-31	CN¥107.36 Million ≈ $15.71 Million	+9.53%
2018-12-31	CN¥98.02 Million ≈ $14.34 Million	+68.48%
2017-12-31	CN¥58.18 Million ≈ $8.51 Million	+5.01%
2016-12-31	CN¥55.40 Million ≈ $8.11 Million	--

About Hangzhou Raycloud Technology Co Ltd

SHG:688365 China Software - Application

Market Cap

$887.32 Million

CN¥6.06 Billion CNY

Market Cap Rank

#9486 Global

#2411 in China

Share Price

CN¥14.24

Change (1 day)

+1.79%

52-Week Range

CN¥12.65 - CN¥34.20

All Time High

CN¥73.40