WEX Balance Sheet Health
Financial Health criteria checks 3/6
WEX has a total shareholder equity of $1.8B and total debt of $4.2B, which brings its debt-to-equity ratio to 236%. Its total assets and total liabilities are $14.2B and $12.5B respectively. WEX's EBIT is $682.1M making its interest coverage ratio 2.9. It has cash and short-term investments of $4.0B.
Key information
236.0%
Debt to equity ratio
US$4.21b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$4.01b |
| Equity | US$1.78b |
| Total liabilities | US$12.46b |
| Total assets | US$14.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: W2EX34's short term assets ($9.4B) exceed its short term liabilities ($9.1B).
Long Term Liabilities: W2EX34's short term assets ($9.4B) exceed its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: W2EX34's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: W2EX34's debt to equity ratio has increased from 149.8% to 236% over the past 5 years.
Debt Coverage: W2EX34's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: W2EX34's interest payments on its debt are not well covered by EBIT (2.9x coverage).