Wetouch Technology Common Stock Current Ratio
| WETH Stock | USD 1.70 0.01 0.59% |
Wetouch Technology Common fundamentals help investors to digest information that contributes to Wetouch Technology's financial success or failures. It also enables traders to predict the movement of Wetouch OTC Stock. The fundamental analysis module provides a way to measure Wetouch Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Wetouch Technology otc stock.
Wetouch |
Wetouch Technology Common OTC Stock Current Ratio Analysis
Wetouch Technology's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Wetouch Technology Current Ratio | 10.15 X |
Most of Wetouch Technology's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Wetouch Technology Common is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Wetouch Technology Common has a Current Ratio of 10.15 times. This is 218.18% higher than that of the Real Estate sector and 148.77% higher than that of the Real Estate Services industry. The current ratio for all United States stocks is notably lower than that of the firm.
Wetouch Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wetouch Technology's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Wetouch Technology could also be used in its relative valuation, which is a method of valuing Wetouch Technology by comparing valuation metrics of similar companies.Wetouch Technology is currently under evaluation in current ratio category among its peers.
Wetouch Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.24 % | ||||
| Operating Margin | 0.33 % | ||||
| Current Valuation | 4.35 M | ||||
| Shares Owned By Insiders | 5.09 % | ||||
| Price To Earning | 0.75 X | ||||
| Revenue | 40.79 M | ||||
| Gross Profit | 18.43 M | ||||
| EBITDA | 22.2 M | ||||
| Net Income | 17.39 M | ||||
| Cash And Equivalents | 45.15 M | ||||
| Cash Per Share | 1.41 X | ||||
| Total Debt | 1.99 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 10.15 X | ||||
| Book Value Per Share | 1.96 X | ||||
| Cash Flow From Operations | 14.05 M | ||||
| Earnings Per Share | 0.36 X | ||||
| Number Of Employees | 126 | ||||
| Beta | -0.57 | ||||
| Total Asset | 68.68 M | ||||
| Net Asset | 68.68 M |
About Wetouch Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Wetouch Technology Common's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wetouch Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wetouch Technology Common based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Wetouch OTC Stock
Wetouch Technology financial ratios help investors to determine whether Wetouch OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wetouch with respect to the benefits of owning Wetouch Technology security.