WETH · CIK 0001826660 · FY2025 live · 2025-12-31
Wetouch Technology Inc.
View as
Model
Classic Z
FY2025
27.83
Zone
Safe
vs FY2024
+3.63
Market DD
1.42σ
1y PD
7.73%
27.83
Z″ 52.58
Score 27.83 · distress below 1.80, grey to 2.99, safe at 3.00 and above.
Classic Z factor contributions
X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
0.871.2 × = 1.05X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.581.4 × = 0.81X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
0.073.3 × = 0.23X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
42.360.6 × = 25.42X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.321 × = 0.32
Five-year path
Z plus liquidity (working capital / assets) and earnings (EBIT / assets) over the last 5 annual filings.
Overview
rule-v1
Wetouch Technology Inc. is on classic Z at 27.83 (safe) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print. Versus FY2024 the live print is still safe (+3.63 from 24.20). Market DD is 1.42σ (1y PD 7.73%). Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.
Book screen Safe; market PD 7.73%. Treat as capital-structure — not a single default call.
Market DD · naive Merton
1.42σ
7.73%1y PD
Market equity
$15M
Default point
$3M
Equity vol
94.4%
As of
11 Sept 2026
Naive distance-to-default from the Yahoo/Nasdaq tape. Drift is a 4% discount, not the stock’s sample mean. Not mixed into book-equity X4. Iterative PD is 3.13% — a different bucket; naive stays the desk print.
Sector peers
Closest Classic Z scores · 100th percentile in Technology.
KPI widgets
Current assets
$126M
Total assets
$141M
Current liabilities
$3M
Total liabilities
$3M
Working capital
$123M
Retained earnings
$82M
EBIT
$10M
Total sales
$45M
Book equity
$137M
Accession 0001213900-26-043017. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.