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Wex Inc   (WEX)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services

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?


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)   (Mar 31 2012)




Financial Statements
Wex Inc 's Current Liabilities $ 8,519 Millions Visit WEX's Balance sheet
Wex Inc 's Cash & cash equivalent $ 3,998 Millions Visit WEX's Balance sheet
Source of WEX's Sales Visit WEX's Sales by Geography


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
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)   (Jun 30 2018)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Professional Services Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 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

Date modified: 2024-02-24T15:58:21+00:00



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