WeTrade Group Balance Sheet Health
Financial Health criteria checks 4/6
WeTrade Group has a total shareholder equity of $39.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $41.9M and $2.1M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$1.42m |
Equity | US$39.76m |
Total liabilities | US$2.12m |
Total assets | US$41.88m |
Recent financial health updates
Recent updates
Why Investors Shouldn't Be Surprised By WeTrade Group, Inc.'s (NASDAQ:WETG) 49% Share Price Plunge
Apr 17WeTrade Group to increase presence in the health market
Oct 19WeTrade partners with Guyguide to provide monkeypox testing kits for travel packages
Aug 23WeTrade stock rises 11% on $50M sales contract for monkeypox test kits
Aug 12WeTrade Group shares surge after iniking monkeypox test kit partnership
Aug 05Financial Position Analysis
Short Term Liabilities: WETG's short term assets ($41.9M) exceed its short term liabilities ($2.1M).
Long Term Liabilities: WETG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: WETG is debt free.
Reducing Debt: WETG had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: WETG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WETG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 81.6% each year