Wetouch Technology Balance Sheet Health
Financial Health criteria checks 6/6
Wetouch Technology has a total shareholder equity of $129.5M and total debt of $434.6K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $133.1M and $3.7M respectively. Wetouch Technology's EBIT is $7.5M making its interest coverage ratio 7. It has cash and short-term investments of $106.7M.
Key information
0.3%
Debt to equity ratio
US$434.58k
Debt
| Interest coverage ratio | 7x |
| Cash | US$106.74m |
| Equity | US$129.48m |
| Total liabilities | US$3.67m |
| Total assets | US$133.14m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: WETH's short term assets ($120.0M) exceed its short term liabilities ($3.5M).
Long Term Liabilities: WETH's short term assets ($120.0M) exceed its long term liabilities ($214.7K).
Debt to Equity History and Analysis
Debt Level: WETH has more cash than its total debt.
Reducing Debt: WETH's debt to equity ratio has reduced from 16.5% to 0.3% over the past 5 years.
Debt Coverage: WETH's debt is well covered by operating cash flow (683.7%).
Interest Coverage: WETH's interest payments on its debt are well covered by EBIT (7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:18 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Wetouch Technology Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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