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Wex Inc 's Quick Ratio
WEX's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
Wex Inc 's Cash & cash equivalent grew by 11.58 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Wex Inc 's Quick Ratio to 0.47, above Wex Inc average Quick Ratio.
Within Professional Services industry 31 other companies have achieved higher Quick Ratio than Wex Inc in forth quarter 2023. While Quick Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 223 to 1120.
Explain Quick Ratio?
How much Cash & cash equivalents WEX´s has?
What are WEX´s Current Liabilities?
Select the Comparisons :
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Select the Ratio:
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WEX Quick Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Current Liabilities Change |
35.35 % |
38.07 % |
30.25 % |
42.81 % |
43.06 % |
Y / Y Cash & cash equivalent Change |
72.53 % |
67.52 % |
88.31 % |
118.62 % |
50.71 % |
Quick Ratio MRQ |
0.47 |
0.4 |
0.43 |
0.45 |
0.37 |
WEX's Total
Ranking |
# 1120 |
# 223 |
# 146 |
# 845 |
# 2095 |
Seq. Current Liabilities Change |
-3.81 % |
6.26 % |
11.09 % |
19.2 % |
-1.87 % |
Seq. Cash & cash equivalent Change |
11.58 % |
1.14 % |
4.19 % |
46.73 % |
8.34 % |
Quick Ratio forth quarter 2023 Company Ranking |
Within: |
No. |
Professional Services Industry |
# 32 |
Services Sector |
# 136 |
Overall Market |
# 1120 |
Quick Ratio Statistics |
High |
Average |
Low |
0.57 |
0.25 |
0.04 |
(Sep 30 2020) |
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(Mar 31 2012) |
Cumulative Wex Inc 's Quick Ratio
WEX's Quick Ratio for the trailling 12 Months
WEX Quick Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Current Liabilities TTM Growth |
35.35 % |
38.07 % |
30.25 % |
42.81 % |
43.06 % |
Y / Y Cash & cash equivalent TTM Growth |
72.53 % |
67.52 % |
88.31 % |
118.62 % |
50.71 % |
Quick Ratio TTM |
0.44 |
0.41 |
0.4 |
0.37 |
0.32 |
Total
Ranking TTM |
# 1775
| # 2124
| # 2060
| # 1371
| # 3044
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Seq. Current Liabilities TTM Growth |
-3.81 % |
6.26 % |
11.09 % |
19.2 % |
-1.87 % |
Seq. Cash & cash equivalent TTM Growth |
11.58 % |
1.14 % |
4.19 % |
46.73 % |
8.34 % |
On the trailing twelve months basis WEX Cash & cash equivalent soared by 72.53 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Wex Inc 's Quick Ratio to 0.44, above WEX average Quick Ratio. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Professional Services industry 63 other companies have achieved higher Quick Ratio than Wex Inc . While Quick Ratio overall ranking has improved so far to 1775, from total ranking during the twelve months ending third quarter 2023 at 2124.
Explain Quick Ratio?
How much Cash & cash equivalents WEX´s has?
What are WEX´s Current Liabilities?
TTM Quick Ratio Company Ranking |
Within: |
No. |
Within the Professional Services Industry |
# 64 |
Services Sector |
# 274 |
Within the Market |
# 1775 |
trailing twelve months Quick Ratio Statistics |
High |
Average |
Low |
0.44 |
0.25 |
0.13 |
(Dec 31 2023) |
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(Jun 30 2018) |
Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Professional Services Industry | Quick Ratio | Dec 31 2023 MRQ Cash & cash equivalent | Dec 31 2023 MRQ Current Liabilities | Doordash Inc | 1.20 | $ 4,078.000 Millions | $ 3,410.000 Millions | Resources Connection Inc | 1.19 | $ 95.773 Millions | $ 80.481 Millions | Swk Holdings Corporation | 1.15 | $ 4.551 Millions | $ 3.944 Millions | Akamai Technologies Inc | 1.03 | $ 864.439 Millions | $ 836.038 Millions | Phreesia Inc | 1.02 | $ 87.520 Millions | $ 85.613 Millions | Radware Ltd | 1.01 | $ 156.910 Millions | $ 155.015 Millions | Altisource Portfolio Solutions S a | 1.00 | $ 32.522 Millions | $ 32.565 Millions | Exlservice Holdings Inc | 0.89 | $ 290.834 Millions | $ 326.403 Millions | Remitly Global Inc | 0.88 | $ 323.710 Millions | $ 366.839 Millions | Trinet Group Inc | 0.66 | $ 1,621.000 Millions | $ 2,463.000 Millions | Uber Technologies Inc | 0.66 | $ 6,212.000 Millions | $ 9,454.000 Millions | Mercadolibre Inc | 0.65 | $ 7,328.000 Millions | $ 11,297.000 Millions | Mastercard Incorporated | 0.64 | $ 10,433.000 Millions | $ 16,264.000 Millions | Cass Information Systems Inc | 0.63 | $ 724.028 Millions | $ 1,140.814 Millions | Robert Half Inc | 0.63 | $ 731.740 Millions | $ 1,154.652 Millions | Conduent Inc | 0.61 | $ 498.000 Millions | $ 810.000 Millions | Visa Inc | 0.60 | $ 13,591.000 Millions | $ 22,634.000 Millions | Performant Financial Corporation | 0.59 | $ 7.333 Millions | $ 12.380 Millions | Oculus Visiontech Inc | 0.57 | $ 0.157 Millions | $ 0.274 Millions | Lyft Inc | 0.57 | $ 1,685.184 Millions | $ 2,961.561 Millions | Rb Global Inc | 0.56 | $ 747.900 Millions | $ 1,342.700 Millions | Trueblue Inc | 0.55 | $ 61.885 Millions | $ 112.077 Millions | Getty Images Holdings Inc | 0.53 | $ 136.623 Millions | $ 255.652 Millions | Insperity Inc | 0.53 | $ 766.181 Millions | $ 1,436.289 Millions | Asgn Inc | 0.47 | $ 175.900 Millions | $ 374.600 Millions | Wex Inc | 0.47 | $ 3,997.900 Millions | $ 8,519.200 Millions | Fleetcor Technologies Inc | 0.46 | $ 3,141.535 Millions | $ 6,825.753 Millions | Ebay Inc | 0.44 | $ 1,985.000 Millions | $ 4,520.000 Millions | Multiplan Corporation | 0.43 | $ 71.547 Millions | $ 166.739 Millions | Accenture Plc | 0.41 | $ 7,145.438 Millions | $ 17,280.238 Millions |
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