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Wetouch Technology (Wetouch Technology) Debt-to-Equity : 0.02 (As of Dec. 2023)


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What is Wetouch Technology Debt-to-Equity?

Wetouch Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.71 Mil. Wetouch Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Wetouch Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $112.92 Mil. Wetouch Technology's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Wetouch Technology's Debt-to-Equity or its related term are showing as below:

WETH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.03
Current: 0.02

During the past 5 years, the highest Debt-to-Equity Ratio of Wetouch Technology was 0.03. The lowest was 0.01. And the median was 0.02.

WETH's Debt-to-Equity is ranked better than
97.04% of 1587 companies
in the Real Estate industry
Industry Median: 0.76 vs WETH: 0.02

Wetouch Technology Debt-to-Equity Historical Data

The historical data trend for Wetouch Technology's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wetouch Technology Debt-to-Equity Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.01 - 0.03 0.02 0.02

Wetouch Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.02 0.02

Competitive Comparison of Wetouch Technology's Debt-to-Equity

For the Real Estate Services subindustry, Wetouch Technology's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Wetouch Technology's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wetouch Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wetouch Technology's Debt-to-Equity falls into.


Wetouch Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wetouch Technology's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(1.709 + 0) / 112.921
=0.02

Wetouch Technology's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(1.709 + 0) / 112.921
=0.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wetouch Technology  (NAS:WETH) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Wetouch Technology Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Wetouch Technology's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Wetouch Technology (Wetouch Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wetouch Technology Inc (NAS:WETH) » Definitions » Debt-to-Equity
Comparable Companies
LRHC HWTR ABCP GYRO BRST FTHM NYC OMH MGAG MDJH CSGP CBRE XMAD:CLNX XTER:VNA BEKE TSE:8830 ADX:QHOLDING HKSE:01972 OSTO:AKEL D MIL:INW
Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Website
https://www.wetouchinc.com
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.