WEX Balance Sheet Health
Financial Health criteria checks 5/6
WEX has a total shareholder equity of $1.8B and total debt of $3.9B, which brings its debt-to-equity ratio to 212.5%. Its total assets and total liabilities are $13.9B and $12.1B respectively. WEX's EBIT is $651.7M making its interest coverage ratio 3.2. It has cash and short-term investments of $4.0B.
Key information
212.5%
Debt to equity ratio
US$3.87b
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$4.00b |
| Equity | US$1.82b |
| Total liabilities | US$12.06b |
| Total assets | US$13.88b |
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 19Is WEX (NYSE:WEX) Using Too Much Debt?
Mar 07Recent updates
Here'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 27At US$169, Is WEX Inc. (NYSE:WEX) Worth Looking At Closely?
May 30Are Investors Undervaluing WEX Inc. (NYSE:WEX) By 48%?
May 02WEX: Fintech Compounder At A Reasonable Price
Apr 08Is WEX (NYSE:WEX) Using Too Much Debt?
Mar 07WEX: The Selloff I've Been Waiting For Is Here
Dec 19Is There An Opportunity With WEX Inc.'s (NYSE:WEX) 45% Undervaluation?
Dec 06Financial Position Analysis
Short Term Liabilities: WEX's short term assets ($8.9B) exceed its short term liabilities ($8.5B).
Long Term Liabilities: WEX's short term assets ($8.9B) exceed its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: WEX has more cash than its total debt.
Reducing Debt: WEX's debt to equity ratio has increased from 130.9% to 212.5% over the past 5 years.
Debt Coverage: WEX's debt is well covered by operating cash flow (23.5%).
Interest Coverage: WEX's interest payments on its debt are well covered by EBIT (3.2x coverage).