Wetouch Technology Inc. financial data

Symbol
WETH on Nasdaq
Industry
Computer Peripheral Equipment, NEC
Location
No.29, The Third Main Avenue, Shigao Town, Renshou County, Meishan City, Sichuan, China
State of incorporation
NV
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2.97K % +106%
Quick Ratio 5.11 % +41.5%
Debt-to-equity 3.39 % -51.6%
Return On Equity 3.18 % -69%
Return On Assets 3.08 % -67.9%
Operating Margin 18.2 % -47.6%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 11.9M shares +22.6%
Common Stock, Shares, Outstanding 11.9M shares +22.6%
Entity Public Float 77M USD +583%
Common Stock, Value, Issued 11.9K USD +22.6%
Weighted Average Number of Shares Outstanding, Basic 11.9M shares +22.8%
Weighted Average Number of Shares Outstanding, Diluted 12M shares +22.3%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 41M USD +2.86%
Revenue from Contract with Customer, Excluding Assessed Tax 37.9M USD -6.79%
Cost of Revenue 28.3M USD +21.9%
Research and Development Expense 153K USD +86.5%
General and Administrative Expense 4M USD +74.9%
Operating Income (Loss) 7.48M USD -46.1%
Nonoperating Income (Expense) -909K USD -293%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 3.64M USD -9.16%
Income Tax Expense (Benefit) 2.71M USD -33.3%
Net Income (Loss) Attributable to Parent 3.86M USD -62.4%
Earnings Per Share, Basic 0.26 USD/shares -94%
Earnings Per Share, Diluted 0.26 USD/shares -92.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 107M USD +13.6%
Accounts Receivable, after Allowance for Credit Loss, Current 9.73M USD -30.1%
Inventory, Net 187K USD -8.1%
Other Assets, Current 5.75K USD -89.7%
Assets, Current 120M USD +9.99%
Property, Plant and Equipment, Net 13.1M USD +27.2%
Assets 133M USD +11.5%
Accounts Payable, Current 1.22M USD -18.9%
Employee-related Liabilities, Current 82.9K USD -6.94%
Accrued Liabilities, Current 241K USD
Liabilities, Current 3.45M USD -52.9%
Liabilities 3.67M USD -52.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax -5.63M USD +46.6%
Retained Earnings (Accumulated Deficit) 75.4M USD +3.72%
Stockholders' Equity Attributable to Parent 129M USD +15.9%
Liabilities and Equity 133M USD +11.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -9.22M USD -439%
Net Cash Provided by (Used in) Financing Activities 7.51M USD -81.3%
Net Cash Provided by (Used in) Investing Activities -111K USD
Common Stock, Shares Authorized 15M shares 0%
Common Stock, Shares, Issued 11.9M shares +22.6%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -3.24M USD -108%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107M USD +13.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1.19M USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross 125K USD
Depreciation 9.73K USD +102%
Payments to Acquire Property, Plant, and Equipment 111K USD
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 7.01M USD +221%
Property, Plant and Equipment, Gross 13.2M USD +27.2%
Additional Paid in Capital 52.5M USD
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Interest Expense 1.39M USD +587%