Wetouch Technology (WETH) Debt Ratio (2019 - 2024)
Wetouch Technology's Debt Ratio was 0.00 in Q1 2024, down 78.4% from 0.01 a year earlier and down 78.1% from the prior quarter.
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Analysis
Wetouch Technology (WETH) Debt Ratio (2019 - 2024) Analysis & Trends
For FY2023, Debt Ratio at Wetouch Technology came in at 0.01, down 37.2% from FY2022.
- In earlier years, Debt Ratio was 0.02 in FY2022 (-23.1%), 0.03 in FY2021 and 0.01 in FY2019.
- The Q1 2024 figure marks the lowest quarterly Debt Ratio in data going back to Q4 2019.
- Compared with a year earlier, Debt Ratio has declined for six straight quarters, with an average decline of 47.1% over the last six quarters.
- Per Business Quant data, WETH's Debt Ratio in the three quarters before Q1 2024 was 0.01 (Q4 2023), 0.01 (Q3 2023) and 0.01 (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn | 0.22 |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn | 0.23 |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn | 0.27 |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn | - |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn | - |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn | 0.36 |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn | 0.08 |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 0.08 |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn | 0.24 |
| 10 | Wetouch Technology | 12.66 Mn | -466.94 Mn | 4.88 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 0.00 |
| Dec 31, 2023 | 0.01 |
| Sep 30, 2023 | 0.01 |
| Jun 30, 2023 | 0.01 |
| Mar 31, 2023 | 0.01 |
| Dec 31, 2022 | 0.02 |
| Sep 30, 2022 | 0.03 |
| Jun 30, 2022 | 0.03 |
| Mar 31, 2022 | 0.03 |
| Dec 31, 2021 | 0.03 |
| Dec 31, 2019 | 0.01 |
API Access
Wetouch Technology Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=WETH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "WETH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=WETH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();