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WTMAWelsbach Technology Metals Acquisition Corp.
$7.50$21M
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  4. Financial Ratios

Welsbach Technology Metals Acquisition Corp. (WTMA) Financial Ratios

Latest Ratios: P/E Ratio 0.0x · EV/EBITDA N/A · ROE -0.0%. (2021–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

WTMA Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Market Cap$21M$9M$19M$69M$102M—
Enterprise Value$25M$8M$23M$72M$103M—
P/E Ratio →0.00—————
P/S Ratio——————
P/B Ratio0.00—0.004.761.39—
P/FCF——————
P/OCF——————

P/E links to full P/E history page with 30-year chart

WTMA EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
EV / Revenue——————
EV / EBITDA——————
EV / EBIT——————
EV / FCF——————

WTMA Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Gross Margin——————
Operating Margin——————
Net Profit Margin——————

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
ROE-0.0%-0.0%-134.0%-0.1%-3.2%-0.1%
ROA0.0%0.0%-14.7%-0.1%-3.1%-0.1%
ROIC-0.0%-0.0%-176.8%-3.6%-3.4%—
ROCE-0.0%-0.0%-78.2%-4.8%-4.4%-0.1%

WTMA Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Debt / Equity——0.000.200.02—
Debt / EBITDA——————
Net Debt / Equity——0.000.190.02-0.02
Net Debt / EBITDA—————-24.50
Debt / FCF——————
Interest Coverage————-1.97—

Net cash position: cash ($4022) exceeds total debt ($0)

WTMA Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Current Ratio0.020.020.000.000.0910.92
Quick Ratio0.020.020.000.000.0910.92
Cash Ratio0.000.000.000.000.088.55
Asset Turnover——————
Inventory Turnover——————
Days Sales Outstanding——————

WTMA Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Dividend Yield——————
Payout Ratio——————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Earnings Yield——————
FCF Yield——————
Buyback Yield57.2%—————
Total Shareholder Yield57.2%—————
Shares Outstanding—$772839$2M$6M$10M$10M

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Imminent Liquidation Risk

Capital Efficiency Decay Amid Stagnation

As reported in financial statements, WTMA's ROIC has trended into negative territory, reaching -3.1% in 2024Q3, which underscores the company's inability to generate productive returns on its capital base while it remains trapped in a prolonged, non-operational search phase for a suitable technology metals target.

The consistent decline in ROIC reflects the erosion of shareholder capital as fixed administrative costs continue to mount without any offsetting revenue generation. This trend suggests that the company is failing to preserve the value of its initial trust, effectively destroying capital through the mere passage of time.

Critical Liquidity Depletion Threatens Viability

Based on recent SEC filings, WTMA's current ratio has collapsed to a nominal 0.02 as of 2025Q4, indicating that the company possesses virtually no liquid assets to cover its immediate regulatory and professional service obligations, leaving it entirely dependent on external sponsor support to remain a going concern.

The near-zero current ratio highlights an extreme liquidity crisis that renders the company unable to meet short-term liabilities without further capital injections. Investors should monitor the reliance on sponsor loans, as this indicates that the entity's internal cash reserves are insufficient to sustain its current operational trajectory.

Debt-Driven Survival Masks Structural Fragility

According to historical data, WTMA's debt-to-equity ratio spiked to 5.48 in 2025Q1, signaling that the company has increasingly relied on debt financing to fund its operations as its equity base has been severely eroded by persistent losses and the absence of a completed business combination.

The rising leverage ratio, in the context of zero revenue, suggests that the company is accumulating liabilities that may complicate any future merger or liquidation process. This reliance on debt appears to be a stop-gap measure rather than a sustainable financing strategy, warranting significant caution regarding the company's long-term solvency.

Misapplication of Traditional Valuation Metrics

As noted in market analysis, the use of P/E or EV/EBITDA ratios is fundamentally misapplied to WTMA, as these metrics assume ongoing operational earnings that do not exist for a shell company, thereby obscuring the true risk profile associated with its current cash-burning, pre-merger status.

Investors should instead focus on the Net Asset Value (NAV) per share and the remaining cash in the trust account, as these are the only metrics that provide a realistic floor for the company's valuation. Relying on traditional earnings multiples in this context may lead to a dangerous underestimation of the risk of total capital loss upon potential liquidation.

Download Financial Ratios Data

Includes 30+ ratios · 5 years · Updated daily

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WTMA — Frequently Asked Questions

Quick answers to the most common questions about buying WTMA stock.

What is Welsbach Technology Metals Acquisition Corp.'s P/E ratio?

Welsbach Technology Metals Acquisition Corp.'s current P/E ratio is 0.0x.

What is Welsbach Technology Metals Acquisition Corp.'s ROE?

Welsbach Technology Metals Acquisition Corp.'s return on equity (ROE) is -0.0%. The historical average is -27.5%.

Is WTMA stock overvalued?

Based on historical data, Welsbach Technology Metals Acquisition Corp. is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.