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 ratio | 6.8x |
| Cash | US$98.37m |
| Equity | US$122.46m |
| Total liabilities | US$3.45m |
| Total assets | US$125.91m |
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).