Wetouch Technology Inc.

NasdaqCM:WETH Stock Report

Market Cap: US$21.8m

Wetouch Technology Balance Sheet Health

Financial Health criteria checks 6/6

Wetouch Technology has a total shareholder equity of $122.5M and total debt of $264.0K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are $125.9M and $3.4M respectively. Wetouch Technology's EBIT is $8.3M making its interest coverage ratio 6.8. It has cash and short-term investments of $98.4M.

Key information

0.2%

Debt to equity ratio

US$263.96k

Debt

Interest coverage ratio6.8x
CashUS$98.37m
EquityUS$122.46m
Total liabilitiesUS$3.45m
Total assetsUS$125.91m

Recent financial health updates

Recent updates

Wetouch Technology (NASDAQ:WETH) Will Be Hoping To Turn Its Returns On Capital Around

Feb 22
Wetouch Technology (NASDAQ:WETH) Will Be Hoping To Turn Its Returns On Capital Around

Not Many Are Piling Into Wetouch Technology Inc. (NASDAQ:WETH) Stock Yet As It Plummets 52%

Feb 22
Not Many Are Piling Into Wetouch Technology Inc. (NASDAQ:WETH) Stock Yet As It Plummets 52%

Financial Position Analysis

Short Term Liabilities: WETH's short term assets ($113.2M) exceed its short term liabilities ($3.1M).

Long Term Liabilities: WETH's short term assets ($113.2M) exceed its long term liabilities ($332.8K).


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 18.6% to 0.2% over the past 5 years.

Debt Coverage: WETH's debt is well covered by operating cash flow (238.6%).

Interest Coverage: WETH's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


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