WEI
Price:
$0.96
Market Cap:
$49.64K
Weidai Ltd., through its subsidiaries, engages in the online finance marketplace business in the People's Republic of China. Its platform serves as the intermediary for borrowers primarily small and micro enterprise owners and provides them with accessible credit. The company offers auto-backed loans; other secured loans comprising home equity and construction machinery loans; and unsecured loans, including professional credit and consumption loans. The company was founded in 2011 and is headquartered in Hangzhou, the People's Republic of China.
Industry
Financial - Credit Services
IPO Date
2018-11-15
Stock Exchange
NYSE
Ticker
WEI
According to Weidai Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.51. This represents a change of -18.14% compared to the average of 1.84 of the last 4 quarters.
The mean historical Current Ratio of Weidai Ltd. over the last ten years is 1.56. The current 1.51 Current Ratio has changed 9.59% with respect to the historical average. Over the past ten years (40 quarters), WEI's Current Ratio was at its highest in in the September 2019 quarter at 2.31. The Current Ratio was at its lowest in in the December 2017 quarter at 1.13.
Average
1.56
Median
1.50
Minimum
1.13
Maximum
2.04
Discovering the peaks and valleys of Weidai Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 32.32%
Maximum Annual Current Ratio = 2.04
Minimum Annual Increase = -25.99%
Minimum Annual Current Ratio = 1.13
| Year | Current Ratio | Change |
|---|---|---|
| 2021 | 1.51 | -25.99% |
| 2020 | 2.04 | 21.26% |
| 2019 | 1.68 | 12.12% |
| 2018 | 1.50 | 32.32% |
| 2017 | 1.13 | -23.38% |
The current Current Ratio of Weidai Ltd. (WEI) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
1.74
5-year avg
1.57
10-year avg
1.56
Weidai Ltd.’s Current Ratio is less than Elevate Credit, Inc. (7.23), greater than AGBA Acquisition Limited (0.56), greater than LIV Capital Acquisition Corp. II (0.03), greater than GRIID Infrastructure Inc. Common Stock (0.15), greater than Capitala Finance Corp. (1.41), less than Territorial Bancorp Inc. (6.37), greater than Aura FAT Projects Acquisition Corp (0.05), less than Old Market Capital Corporation (4.55),
| Company | Current Ratio | Market cap |
|---|---|---|
| 7.23 | $58.83M | |
| 0.56 | $66.24M | |
| 0.03 | $73.34M | |
| 0.15 | $68.07M | |
| 1.41 | $68.86M | |
| 6.37 | $66.37M | |
| 0.05 | $67.53M | |
| 4.55 | $34.29M |
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