Wetouch Technology Inc. (WETH)

Wetouch Technology Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	106.41	103.76	98.04	51.25	46.16	23.96
Cash & Short-Term Investments	106.41	103.76	98.04	51.25	46.16	23.96
Cash Growth	12.25%	5.83%	91.30%	11.02%	92.64%	67.82%
Accounts Receivable	11.1	7.5	7.46	9.06	7.99	11.93
Other Receivables	-	0.08	0.07	0.41	0.36	0.11
Receivables	11.1	7.58	7.53	9.47	8.36	12.04
Inventory	0.15	0.11	0.22	0.42	0.24	0.4
Prepaid Expenses	2.17	1.84	-	-	-	-
Other Current Assets	-	0.84	0.99	1.04	2.08	0.19
Total Current Assets	119.82	114.14	106.78	62.18	56.85	36.6
Property, Plant & Equipment	13.81	13.84	12.86	10.92	11.83	9.49
Other Intangible Assets	-	-	-	-	-	0.97
Long-Term Deferred Tax Assets	0.05	0.04	-	-	-	-
Total Assets	133.68	128.02	119.64	73.11	68.68	47.06
Accounts Payable	1.59	1.26	0.64	1.38	0.8	0.89
Accrued Expenses	1.56	0.37	3.33	0.94	0.12	0.96
Short-Term Debt	-	-	1.24	1.66	2.03	-
Current Portion of Leases	0.6	0.57	-	-	-	-
Current Income Taxes Payable	1.29	-	-	0.02	0.07	0.11
Current Unearned Revenue	-	0.17	0.18	-	-	0.25
Other Current Liabilities	0.4	0.58	0.95	0	0.22	0.07
Total Current Liabilities	5.44	2.95	6.34	4.01	3.24	2.28
Long-Term Leases	0.35	0.48	-	-	-	-
Long-Term Unearned Revenue	-	-	-	-	-	0.43
Other Long-Term Liabilities	-	-	0.38	0.26	1.13	-
Total Liabilities	5.8	3.43	6.72	4.27	4.37	2.71
Common Stock	0.01	0.01	0.01	0	0.03	0.03
Additional Paid-In Capital	52.5	52.5	43.51	3.4	2.33	1.07
Retained Earnings	85.27	82.7	76.67	68.41	59.68	42.29
Comprehensive Income & Other	-9.9	-10.63	-7.28	-2.98	2.27	0.96
Shareholders' Equity	127.88	124.59	112.92	68.83	64.31	44.35
Total Liabilities & Equity	133.68	128.02	119.64	73.11	68.68	47.06
Total Debt	0.95	1.05	1.24	1.66	2.03	-
Net Cash (Debt)	105.46	102.71	96.8	49.59	44.13	23.96
Net Cash Growth	11.70%	6.10%	95.21%	12.36%	84.17%	149.24%
Net Cash Per Share	9.32	8.79	10.33	26.89	27.03	16.54
Filing Date Shares Outstanding	11.93	11.93	11.93	9.68	1.6	1.59
Total Common Shares Outstanding	11.93	11.93	9.73	1.68	1.59	1.58
Working Capital	114.38	111.19	100.44	58.17	53.6	34.32
Book Value Per Share	10.72	10.44	11.60	40.97	40.43	28.16
Tangible Book Value	127.88	124.59	112.92	68.83	64.31	43.38
Tangible Book Value Per Share	10.72	10.44	11.60	40.97	40.43	27.54
Buildings	-	0.01	0.01	0.01	0.01	10.33
Machinery	-	0.05	0.05	0.04	0.05	5.83
Construction In Progress	-	12.76	12.83	10.88	11.78	-

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q