Is Wetouch Technology Inc. (WETH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.4% / 30% | 625.6% / 30% | 45.7% / 30% | 0.36% / 5% | ✗ NOT HALAL |
| DJIM | 6.4% / 33% | 625.6% / 33% | 45.7% / 33% | 0.36% / 5% | ✗ NOT HALAL |
| MSCI | 0.8% / 33% | 81.1% / 33% | 5.9% / 33% | 0.36% / 5% | ✗ NOT HALAL |
| S&P | 6.4% / 33% | 625.6% / 33% | 45.7% / 33% | 0.36% / 5% | ✗ NOT HALAL |
| FTSE | 0.8% / 33% | 81.1% / 33% | 5.9% / 50% | 0.36% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 33.8% | |
| Operating Margin | 25.7% | |
| Net Margin | 17.1% | |
| Return on Equity (ROE) | 5.6% | |
| Return on Assets (ROA) | 4.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1M |
| Free Cash Flow | $797,248 |
| Total Debt | $1M |
| Debt-to-Equity | 0.5 |
| Current Ratio | 26.7 |
| Total Assets | $128M |
Price & Trading
| Last Close | $1.39 |
| 50-Day MA | $1.60 |
| 200-Day MA | $1.48 |
| Avg Volume | 46K |
| Beta | 0.4 |
|
52-Week Range
$0.76
| |
About Wetouch Technology Inc. (WETH)
Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large-sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI. Wetouch Technology Inc. was founded in 2011 and is headquartered in Meishan, China.
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Frequently Asked Questions
Is Wetouch Technology Inc. (WETH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Wetouch Technology Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Wetouch Technology Inc.'s debt ratio?
Wetouch Technology Inc.'s debt ratio is 6.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.8%.
What are Wetouch Technology Inc.'s key financial metrics?
Wetouch Technology Inc. has a market capitalization of $16M, trailing P/E ratio of 2.1, and revenue of $42M. The company maintains a gross margin of 33.8% and a net margin of 17.1%. Return on equity stands at 5.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.