Wetouch Technology Inc. (WETH) Balance Sheet
WETH balance sheet, 2025
December 31, 2025 · U.S. dollars$140.8M assets = $3.4M liabilities + $137.4M equity
Both columns are drawn to the same scale: what WETH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WETH financial health
Descriptive bands, not a rating. Fiscal 2025.
WETH balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $41.7M2019 | $140.8M2025 | +22.5%/yr | |
| Total liabilities | $9.4M2019 | $3.4M2025 | −15.8%/yr | |
| Shareholders’ equity | $31.7M2019 | $137.4M2025 | +27.7%/yr | |
| Cash & short-term investments | $14.3M2019 | $118.4M2025 | +42.3%/yr | |
| Total debt | $430,9232019 | $521,4542025 | +3.2%/yr | |
| Net cash (debt) | $13.8M2019 | $117.8M2025 | +$104.0M | |
| Working capital | $21.4M2019 | $122.9M2025 | +$101.4M | |
| Book value per share | $12.042023 | $11.512025 | −2.2%/yr | |
| Debt / equity | 0.012019 | 0.002025 | −0.01 | |
| Shares outstanding | 9.4M2023 | 11.9M2025 | +12.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WETH assets
WETH liabilities and equity
WETH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WETH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $118.4M | $103.8M | $98.0M | $51.3M | $46.2M | $24.0M | $14.3M |
| Cash & equivalents | $118.4M | $103.8M | $98.0M | $51.3M | $46.2M | $24.0M | $14.3M |
| Receivables | $6.7M | $7.5M | $7.5M | $9.5M | $8.0M | $11.9M | $16.0M |
| Inventory | $48,840 | $112,327 | $222,102 | $423,276 | $244,381 | $402,050 | $203,778 |
| Other current assets | $1.0M | $2.8M | $991,517 | $1.0M | $2.4M | $305,062 | $355,153 |
| Total current assets | $126.1M | $114.1M | $106.8M | $62.2M | $56.8M | $36.6M | $30.9M |
| Property, plant & equipment (net) | $9.4M | $13.8M | $12.9M | $10.9M | $11.8M | $9.5M | $9.9M |
| Goodwill & intangible assets | $544,118 | $0 | $0 | $0 | $0 | $974,696 | $989,052 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.7M | $41,397 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $140.8M | $128.0M | $119.6M | $73.1M | $68.7M | $47.1M | $41.7M |
| Liabilities | |||||||
| Accounts payable | $1.1M | $1.3M | $640,795 | $1.4M | $800,586 | $891,848 | $795,480 |
| Short-term debt | $521,454 | — | $1.7M | $1.7M | $2.0M | — | $430,923 |
| Deferred revenue | $166,535 | — | — | $397,886 | $65,464 | $254,704 | $229,826 |
| Total current liabilities | $3.2M | $3.0M | $6.3M | $4.0M | $3.2M | $2.3M | $9.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $521,454 | $1.1M | $0 | — | — | — | — |
| Other long-term liabilities | $130,363 | $482,606 | $378,371 | $256,957 | $1.1M | $433,206 | $635,851 |
| Total liabilities | $3.4M | $3.4M | $6.7M | $4.3M | $4.4M | $2.7M | $9.4M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $11,932 | — | $9,733 | $1,680 | $1.1M | $31,501 | $28,000 |
| Retained earnings (deficit) | $81.8M | $74.6M | $76.7M | $68.4M | $54.6M | $39.2M | $33.4M |
| Accumulated other comprehensive income | $3.1M | — | −$7.3M | −$3.0M | $2.3M | $4.0M | −$1.7M |
| Total shareholders' equity | $137.4M | $124.6M | $112.9M | $68.8M | $64.3M | $44.4M | $31.7M |
| Key figures | |||||||
| Total debt | $521,454 | — | $1.7M | $1.7M | $2.0M | — | $430,923 |
| Net cash (debt) | $117.8M | — | $96.3M | $49.6M | $44.1M | — | $13.8M |
| Working capital | $122.9M | $111.2M | $100.4M | $58.2M | $53.6M | $34.3M | $21.4M |
| Tangible book value | $136.8M | $124.6M | $112.9M | $68.8M | $64.3M | $43.4M | $30.7M |
| Book value per share | $11.51 | $10.44 | $12.04 | — | — | — | — |
| Shares outstanding | 11.9M | 11.9M | 9.4M | — | — | — | — |
| Current ratio | 38.88 | 38.68 | 16.84 | 15.49 | 17.54 | 16.07 | 3.27 |
| Quick ratio | 38.55 | 37.70 | 16.64 | 15.12 | 16.71 | 15.76 | 3.21 |
| Debt / equity | 0.00 | — | 0.02 | 0.02 | 0.03 | — | 0.01 |
| Equity / assets | 97.6% | 97.3% | 94.4% | 94.2% | 93.6% | 94.2% | 75.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $127.5M | $120.5M | $118.4M | $113.2M | $103.8M | $103.8M | $106.7M | $98.4M | $94.8M | $98.0M | $93.9M | $92.2M |
| Cash & equivalents | $127.5M | $120.5M | $118.4M | $113.2M | $103.8M | $103.8M | $106.7M | $98.4M | $94.8M | $98.0M | $93.9M | $92.2M |
| Receivables | $9.3M | $11.1M | $6.5M | $10.9M | $7.6M | $7.5M | $9.8M | $10.8M | $11.0M | $7.5M | $14.0M | $14.0M |
| Inventory | $9,185 | $53,100 | $45,202 | $46,878 | $112,327 | $112,327 | $526,265 | $179,264 | $184,743 | $222,102 | $203,922 | $170,356 |
| Other current assets | $1.1M | $1.0M | $1.2M | $1.1M | $2.7M | $2.8M | $3.0M | $3.8M | $4.0M | $1.1M | $987,281 | $997,419 |
| Total current assets | $138.0M | $132.7M | $126.1M | $125.2M | $114.1M | $114.1M | $120.0M | $113.2M | $110.0M | $106.8M | $109.1M | $107.4M |
| Property, plant & equipment (net) | $9.4M | $9.4M | $9.4M | $14.1M | $13.8M | $13.8M | $13.1M | $12.7M | $12.8M | $12.9M | $10.3M | $10.4M |
| Goodwill & intangible assets | $543,089 | $542,910 | $544,118 | $542,935 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.7M | $4.6M | $4.6M | $262,872 | $41,397 | $41,397 | $0 | $0 | $357,390 | $0 | $0 | $0 |
| Total assets | $152.6M | $147.3M | $140.6M | $140.1M | $128.0M | $128.0M | $133.1M | $125.9M | $123.1M | $119.6M | $119.4M | $117.8M |
| Liabilities | ||||||||||||
| Accounts payable | $861,785 | $937,337 | $1.1M | $1.3M | $1.3M | $1.3M | $1.2M | $917,153 | $566,171 | $640,795 | $1.5M | $2.4M |
| Short-term debt | $215,718 | $370,689 | — | $614,500 | $571,539 | — | $434,576 | $263,956 | $385,694 | — | $1.6M | $1.7M |
| Deferred revenue | — | — | — | — | $166,535 | — | $197,265 | — | $191,727 | — | $532,069 | $530,739 |
| Total current liabilities | $3.8M | $4.1M | $3.2M | $4.7M | $3.0M | $3.0M | $3.5M | $3.1M | $2.2M | $6.3M | $7.3M | $8.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $215,718 | $370,689 | $521,454 | $666,003 | — | $1.1M | — | — | — | $0 | — | — |
| Other long-term liabilities | $0 | $130,363 | $0 | $218,003 | $482,606 | $482,606 | $214,679 | $332,799 | $370,550 | $378,371 | $381,241 | $212,174 |
| Total liabilities | $3.8M | $4.1M | $3.2M | $4.9M | $3.4M | $3.4M | $3.7M | $3.4M | $2.6M | $6.7M | $7.7M | $8.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $12,532 | $11,932 | — | $11,932 | $11,932 | — | $11,932 | $11,932 | $11,932 | — | $9,733 | $193,905 |
| Retained earnings (deficit) | $87.8M | $85.7M | $81.8M | $82.0M | $82.7M | $74.6M | $75.4M | $79.9M | $70.0M | $69.5M | $72.7M | $75.9M |
| Accumulated other comprehensive income | −$678,585 | $5.0M | — | $691,989 | −$10.6M | — | $1.6M | −$10.0M | −$2.0M | — | −$10.5M | −$9.9M |
| Total shareholders' equity | $148.8M | $143.2M | $137.4M | $135.2M | $124.6M | $124.6M | $129.5M | $122.5M | $120.5M | $112.9M | $111.7M | $109.4M |
| Key figures | ||||||||||||
| Total debt | $215,718 | $370,689 | — | $666,003 | $1.1M | — | $434,576 | $263,956 | $385,694 | — | $1.6M | $1.7M |
| Net cash (debt) | $127.3M | $120.1M | — | $112.5M | $102.7M | — | $106.3M | $98.1M | $94.4M | — | $92.3M | $90.5M |
| Working capital | $134.1M | $128.6M | $122.9M | $120.5M | $111.2M | $111.2M | $116.6M | $110.1M | $107.8M | $100.4M | $101.8M | $99.2M |
| Tangible book value | $148.2M | $142.6M | $136.8M | $134.6M | $124.6M | $124.6M | $129.5M | $122.5M | $120.5M | $112.9M | $111.7M | $109.4M |
| Book value per share | $12.13 | $12.00 | $11.52 | $11.33 | $10.40 | $10.44 | $10.81 | $10.22 | $9.00 | $11.60 | $11.41 | $11.19 |
| Shares outstanding | 12.3M | 11.9M | 11.9M | 11.9M | 12.0M | 11.9M | 12.0M | 12.0M | 13.4M | 9.7M | 9.8M | 9.8M |
| Current ratio | 35.99 | 32.24 | 38.88 | 26.69 | 38.68 | 38.68 | 34.75 | 36.36 | 49.18 | 16.84 | 14.88 | 13.16 |
| Quick ratio | 35.70 | 31.98 | 38.50 | 26.45 | 37.73 | 37.70 | 33.73 | 35.07 | 47.30 | 16.63 | 14.71 | 13.01 |
| Debt / equity | 0.00 | 0.00 | — | 0.00 | 0.01 | — | 0.00 | 0.00 | 0.00 | — | 0.01 | 0.02 |
| Equity / assets | 97.5% | 97.2% | 97.7% | 96.5% | 97.3% | 97.3% | 97.2% | 97.3% | 97.9% | 94.4% | 93.5% | 92.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 13, 2026); data from EODHD.
WETH financial position
At the end of fiscal 2025 (December 31, 2025), Wetouch Technology had total assets of $140.8 million (up 10.0% from a year earlier), total liabilities of $3.4 million and shareholders' equity of $137.4 million. It held $118.4 million in cash and short-term investments against $0.5 million of debt, a net cash position of $117.8 million. Its current ratio was 38.88. In the latest quarter (ended June 30, 2026) total assets were $152.6 million and equity $148.8 million.
Related: WETH income statement, WETH cash flow statement, WETH key metrics. See the WETH stock overview for the latest quote and news.
WETH balance sheet FAQ
What are Wetouch Technology's total assets?
Wetouch Technology reported total assets of $140.8 million at the end of fiscal 2025 (December 31, 2025), compared with $128.0 million a year earlier.
How much debt does Wetouch Technology have?
Wetouch Technology had $0.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Wetouch Technology have?
Wetouch Technology held $118.4 million in cash and short-term investments at the end of fiscal 2025; with $0.5 million of debt that is net cash of $117.8 million.
What is Wetouch Technology's book value?
Wetouch Technology's shareholders' equity (book value) was $137.4 million at the end of fiscal 2025, or $11.51 per share.
What is Wetouch Technology's current ratio?
Wetouch Technology had current assets of $126.1 million and current liabilities of $3.2 million, a current ratio of 38.88 (it can cover its short-term obligations).
How much goodwill does Wetouch Technology have?
Wetouch Technology carried $0.5 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.