Wetouch Technology (WETH) Interest Coverage Ratio (2020 - 2024)

Wetouch Technology has reported Interest Coverage Ratio for 5 years, with the latest figure at 1.97 in Q1 2024.

• For the quarter ending Q1 2024, Interest Coverage Ratio fell 98.47% year-over-year to 1.97; the trailing twelve-month figure through Dec 2024 stood at 7.96 (down 84.12% YoY), and the FY2024 full-year result was 7.96, down 84.12% from the prior year.
• Interest Coverage Ratio for Q1 2024 stood at 1.97, up from 49.59 in the prior quarter.
• The five-year high for Interest Coverage Ratio was 346873.0 in Q1 2021, with the low at 49.59 in Q4 2023.
• Historically, Interest Coverage Ratio has averaged 29048.95 across 5 years, with a median of 75.69 in 2022.
• Annual changes were most pronounced in 2021 — Interest Coverage Ratio soared 73779.27% — and 2023, when it plunged 222.98%.
• Wetouch Technology's Interest Coverage Ratio stood at 776.03 in 2020, then soared by 44598.32% to 346873.0 in 2021, then plunged by 100.0% to 15.35 in 2022, then slumped by 222.98% to 49.59 in 2023, then soared by 103.97% to 1.97 in 2024.
• The last three Interest Coverage Ratio figures came in at 1.97 (Q1 2024), 49.59 (Q4 2023), and 30.64 (Q3 2023), per Business Quant data.