WEX Balance Sheet Health
Financial Health criteria checks 3/6
WEX has a total shareholder equity of $1.7B and total debt of $4.6B, which brings its debt-to-equity ratio to 272.9%. Its total assets and total liabilities are $14.0B and $12.3B respectively. WEX's EBIT is $704.5M making its interest coverage ratio 2.9. It has cash and short-term investments of $4.3B.
Key information
272.9%
Debt to equity ratio
US$4.58b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$4.28b |
| Equity | US$1.68b |
| Total liabilities | US$12.28b |
| Total assets | US$13.96b |
Recent financial health updates
WEX (NYSE:WEX) Has A Pretty Healthy Balance Sheet
Dec 30
Here's Why WEX (NYSE:WEX) Can Manage Its Debt Responsibly
Aug 19Recent updates
WEX: AI, Data Management, And M&A Could Imply Undervaluation
Oct 29Shareholders Should Be Pleased With WEX Inc.'s (NYSE:WEX) Price
Sep 25Should You Be Adding WEX (NYSE:WEX) To Your Watchlist Today?
Aug 30Earnings Miss: WEX Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts
Apr 28What You Can Learn From WEX Inc.'s (NYSE:WEX) P/E
Apr 19Here's Why We Think WEX (NYSE:WEX) Is Well Worth Watching
Mar 24WEX: Growing, And Growing More Appealing
Jan 29Investors Interested In WEX Inc.'s (NYSE:WEX) Earnings
Dec 25WEX: Continues To Succeed In Key Markets
Nov 07WEX: Good Entry Point For A Quality, Compounding Fleet Manager
Oct 23Here's Why We Think WEX (NYSE:WEX) Is Well Worth Watching
Aug 14WEX Inc: Q2 2023 Earnings Was Good, But More Is Needed
Aug 04We Ran A Stock Scan For Earnings Growth And WEX (NYSE:WEX) Passed With Ease
May 14Is Now The Time To Put WEX (NYSE:WEX) On Your Watchlist?
Feb 12WEX: Still Resistant To Monetary Tightening
Feb 07At US$180, Is It Time To Put WEX Inc. (NYSE:WEX) On Your Watch List?
Jan 24WEX (NYSE:WEX) Has A Pretty Healthy Balance Sheet
Dec 30Is There An Opportunity With WEX Inc.'s (NYSE:WEX) 22% Undervaluation?
Dec 09WEX Inc.: Still An Attractive Secular Growth Story
Nov 10WEX Q3 2022 Earnings Preview
Oct 26Wex gains after investor pitches at 13D Monitor Active-Passive conference
Oct 18Is WEX Inc. (NYSE:WEX) Potentially Undervalued?
Sep 15WEX board authorizes up to $150M share repurchase program
Aug 23Here's Why WEX (NYSE:WEX) Can Manage Its Debt Responsibly
Aug 19WEX Q2 2022 Earnings Preview
Jul 27Financial Position Analysis
Short Term Liabilities: WEX's short term assets ($9.1B) exceed its short term liabilities ($8.7B).
Long Term Liabilities: WEX's short term assets ($9.1B) exceed its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: WEX's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: WEX's debt to equity ratio has increased from 145% to 272.9% over the past 5 years.
Debt Coverage: WEX's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: WEX's interest payments on its debt are not well covered by EBIT (2.9x coverage).