Company / Interest Expense
Wetouch Technology Inc. Interest Expense History
FY2020-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$252.3K
FY2024
5-year range
$27.4K / $1.7M
FY2020-FY2024
Trend
+12.2%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Increased from $27,450 to $252,325 over the past 2 years.
Based on SEC 10-K filings.
$252,325 in FY2024 with a 3-year CAGR of -47.4%.
Increased from $27,450 to $252,325 over the past 2 years.
Interest Expense over time
Growth rates
- 3-Year CAGR
- -47.4%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- 3-year CAGR of -47.4%, indicating a declining trend.
- In FY2024, interest expense increased 12.2% year-over-year.
- Peak interest expense was recorded in FY2021.
- Lowest interest expense in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 4.39 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $252.3K | +12.2% |
| FY2023 | $224.9K | +719.3% |
| FY2022 | $27.4K | -98.4% |
| FY2021 | $1.7M | +10140.2% |
| FY2020 | $16.9K | - |
As of FY2024 · SEC 10-K · Updated Jun 28, 2026