Wetouch Technology (WETH) Debt Ratio (2019 - 2024)
Wetouch Technology (WETH) posted quarterly Debt Ratio of 0.0 for Q1 2024, down 21.37% year-over-year from 0.0 in Q2 2023, and down 20.2% quarter-over-quarter from 0.0 in Q4 2023.
Wetouch Technology (WETH) Debt Ratio (2019 - 2024) Analysis & Trends
Wetouch Technology's Debt Ratio history runs 6 years deep, the most recent figure standing at 0.0 for Q1 2024.
- In Q1 2024, Debt Ratio fell 21.37% year-over-year to 0.0; the TTM figure through Mar 2024 stood at 0.0 (down 21.37% YoY), while the FY2023 annual figure was 0.0, down 25.62% from the prior year.
- Debt Ratio for Q1 2024 stood at 0.0, down from 0.0 in the prior quarter.
- The five-year high for Debt Ratio was 0.01 in Q4 2020, with the low at 0.0 in Q2 2022.
- The 5-year median for Debt Ratio is 0.0 (2023), against an average of 0.0.
- Peak annual rise in Debt Ratio reached 945.39% in 2022, while the deepest fall reached 95.53% in 2022.
- Wetouch Technology's Debt Ratio stood at 0.01 in 2020, then slumped by 95.51% to 0.0 in 2021, then surged by 945.39% to 0.01 in 2022, then fell by 25.62% to 0.0 in 2023, then slipped by 20.2% to 0.0 in 2024.
- Business Quant data shows WETH's Debt Ratio at 0.0 in Q1 2024, 0.0 in Q4 2023, and 0.0 in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 376.80 Bn | 370.69 Bn | 3.55 Bn | 0.42 |
| 2 | Corning | 130.52 Bn | 128.01 Bn | 1.63 Bn | 0.26 |
| 3 | TE Connectivity | 58.24 Bn | 57.00 Bn | 1.84 Bn | 0.22 |
| 4 | Flex | 40.39 Bn | 37.55 Bn | 747.00 Mn | 0.21 |
| 5 | Celestica | 34.83 Bn | 34.29 Bn | 577.50 Mn | 0.08 |
| 6 | Jabil | 33.37 Bn | 32.01 Bn | 828.00 Mn | 0.16 |
| 7 | Fabrinet | 15.92 Bn | 15.05 Bn | 158.05 Mn | - |
| 8 | Ttm Technologies | 11.93 Bn | 11.42 Bn | 211.86 Mn | 0.22 |
| 9 | Littelfuse | 10.43 Bn | 9.81 Bn | 306.06 Mn | 0.18 |
| 10 | Wetouch Technology | 15.33 Mn | -112.18 Mn | 4.88 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 0.00 |
| Dec 31, 2023 | 0.00 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | 0.00 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.01 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2021 | 0.00 |
| Mar 31, 2021 | 0.01 |
| Dec 31, 2020 | 0.01 |
| Dec 31, 2019 | 0.01 |