WEX Balance Sheet Health
Financial Health criteria checks 4/6
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 $14.4B and $12.6B respectively. WEX's EBIT is $661.9M making its interest coverage ratio 3.1. It has cash and short-term investments of $4.1B.
Key information
236.0%
Debt to equity ratio
US$4.19b
Debt
Interest coverage ratio | 3.1x |
Cash | US$4.08b |
Equity | US$1.78b |
Total liabilities | US$12.64b |
Total assets | US$14.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WL9's short term assets ($9.5B) exceed its short term liabilities ($9.0B).
Long Term Liabilities: WL9's short term assets ($9.5B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: WL9's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: WL9's debt to equity ratio has increased from 156.2% to 236% over the past 5 years.
Debt Coverage: WL9's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: WL9's interest payments on its debt are well covered by EBIT (3.1x coverage).