Wex Long Term Debt vs Net Invested Capital Analysis

WEX Stock

USD 188.19 2.81 1.52%

Wex financial indicator trend analysis is more than just analyzing Wex Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wex Inc is a good investment. Please check the relationship between Wex Long Term Debt and its Net Invested Capital accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Long Term Debt vs Net Invested Capital

Long Term Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wex Inc Long Term Debt account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Wex's Long Term Debt and Net Invested Capital is 0.8. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Wex Inc, assuming nothing else is changed. The correlation between historical values of Wex's Long Term Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Wex Inc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Long Term Debt i.e., Wex's Long Term Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that Wex Inc has held for over one year. Long-term debt appears on Wex Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Wex Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Wex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wex Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Wex's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.29 in 2024, whereas Tax Provision is likely to drop slightly above 62.2 M in 2024.

	2021	2023	2024 (projected)
Interest Expense	128.4M	157.2M	165.0M
Depreciation And Amortization	272.6M	276.2M	290.0M

Interest Expense Depreciation And Amortization

Wex fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Common Stock Shares Outstanding	Total Liab	Short Long Term Debt Total	Other Current Liab	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.94	0.66	0.86	1.0	0.96	0.91	0.04	0.95	0.44	0.93	0.67	0.98	0.92	0.93	0.28	0.71	0.89	0.91	0.77	0.96	-0.42	0.84	0.65	0.91	0.93
Total Current Liabilities	0.94		0.41	0.75	0.96	0.82	0.99	0.05	0.87	0.35	0.78	0.45	0.93	0.85	0.77	-0.02	0.68	0.81	0.98	0.62	0.83	-0.25	0.95	0.36	0.96	0.96
Total Stockholder Equity	0.66	0.41		0.73	0.6	0.78	0.36	-0.14	0.67	0.57	0.78	0.93	0.66	0.7	0.85	0.68	0.47	0.73	0.32	0.87	0.8	-0.59	0.19	0.9	0.39	0.43
Common Stock Shares Outstanding	0.86	0.75	0.73		0.83	0.88	0.72	-0.31	0.8	0.69	0.85	0.59	0.86	0.85	0.91	0.39	0.65	0.91	0.66	0.69	0.91	-0.22	0.55	0.64	0.74	0.75
Total Liab	1.0	0.96	0.6	0.83		0.93	0.94	0.06	0.94	0.39	0.9	0.62	0.98	0.91	0.9	0.23	0.71	0.86	0.94	0.75	0.94	-0.39	0.88	0.6	0.93	0.95
Short Long Term Debt Total	0.96	0.82	0.78	0.88	0.93		0.78	-0.12	0.97	0.5	0.99	0.75	0.92	0.91	0.97	0.42	0.7	0.9	0.79	0.76	0.98	-0.44	0.69	0.74	0.78	0.79
Other Current Liab	0.91	0.99	0.36	0.72	0.94	0.78		0.09	0.82	0.34	0.73	0.4	0.9	0.82	0.73	-0.04	0.7	0.79	0.97	0.59	0.8	-0.2	0.95	0.33	0.98	0.97
Other Liab	0.04	0.05	-0.14	-0.31	0.06	-0.12	0.09		-0.09	-0.23	-0.12	0.05	0.05	-0.11	-0.1	-0.01	-0.1	-0.18	0.11	0.14	-0.06	-0.52	0.17	0.04	0.07	0.16
Property Plant And Equipment Net	0.95	0.87	0.67	0.8	0.94	0.97	0.82	-0.09		0.37	0.96	0.7	0.91	0.89	0.91	0.34	0.63	0.85	0.86	0.71	0.92	-0.41	0.78	0.63	0.8	0.82
Current Deferred Revenue	0.44	0.35	0.57	0.69	0.39	0.5	0.34	-0.23	0.37		0.49	0.31	0.42	0.48	0.58	0.14	0.52	0.71	0.23	0.37	0.59	-0.11	0.14	0.38	0.38	0.35
Net Debt	0.93	0.78	0.78	0.85	0.9	0.99	0.73	-0.12	0.96	0.49		0.74	0.88	0.84	0.96	0.46	0.65	0.85	0.75	0.74	0.96	-0.45	0.66	0.75	0.74	0.76
Retained Earnings	0.67	0.45	0.93	0.59	0.62	0.75	0.4	0.05	0.7	0.31	0.74		0.67	0.68	0.78	0.66	0.36	0.64	0.4	0.92	0.74	-0.68	0.28	0.88	0.4	0.46
Accounts Payable	0.98	0.93	0.66	0.86	0.98	0.92	0.9	0.05	0.91	0.42	0.88	0.67		0.92	0.9	0.25	0.65	0.88	0.88	0.8	0.93	-0.46	0.81	0.61	0.87	0.91
Cash	0.92	0.85	0.7	0.85	0.91	0.91	0.82	-0.11	0.89	0.48	0.84	0.68	0.92		0.89	0.24	0.75	0.93	0.81	0.73	0.92	-0.39	0.7	0.63	0.82	0.79
Non Current Assets Total	0.93	0.77	0.85	0.91	0.9	0.97	0.73	-0.1	0.91	0.58	0.96	0.78	0.9	0.89		0.52	0.7	0.9	0.7	0.8	0.99	-0.48	0.6	0.82	0.76	0.78
Non Currrent Assets Other	0.28	-0.02	0.68	0.39	0.23	0.42	-0.04	-0.01	0.34	0.14	0.46	0.66	0.25	0.24	0.52		0.07	0.27	-0.07	0.5	0.43	-0.5	-0.16	0.77	0.02	0.11
Other Assets	0.71	0.68	0.47	0.65	0.71	0.7	0.7	-0.1	0.63	0.52	0.65	0.36	0.65	0.75	0.7	0.07		0.74	0.65	0.41	0.74	-0.23	0.58	0.43	0.78	0.62
Long Term Debt	0.89	0.81	0.73	0.91	0.86	0.9	0.79	-0.18	0.85	0.71	0.85	0.64	0.88	0.93	0.9	0.27	0.74		0.73	0.7	0.93	-0.31	0.62	0.59	0.78	0.77
Cash And Short Term Investments	0.91	0.98	0.32	0.66	0.94	0.79	0.97	0.11	0.86	0.23	0.75	0.4	0.88	0.81	0.7	-0.07	0.65	0.73		0.56	0.77	-0.21	0.98	0.33	0.94	0.94
Net Receivables	0.77	0.62	0.87	0.69	0.75	0.76	0.59	0.14	0.71	0.37	0.74	0.92	0.8	0.73	0.8	0.5	0.41	0.7	0.56		0.79	-0.6	0.46	0.83	0.58	0.66
Good Will	0.96	0.83	0.8	0.91	0.94	0.98	0.8	-0.06	0.92	0.59	0.96	0.74	0.93	0.92	0.99	0.43	0.74	0.93	0.77	0.79		-0.47	0.67	0.77	0.82	0.83
Common Stock Total Equity	-0.42	-0.25	-0.59	-0.22	-0.39	-0.44	-0.2	-0.52	-0.41	-0.11	-0.45	-0.68	-0.46	-0.39	-0.48	-0.5	-0.23	-0.31	-0.21	-0.6	-0.47		-0.14	-0.55	-0.18	-0.24
Short Term Investments	0.84	0.95	0.19	0.55	0.88	0.69	0.95	0.17	0.78	0.14	0.66	0.28	0.81	0.7	0.6	-0.16	0.58	0.62	0.98	0.46	0.67	-0.14		0.22	0.91	0.92
Non Current Liabilities Total	0.65	0.36	0.9	0.64	0.6	0.74	0.33	0.04	0.63	0.38	0.75	0.88	0.61	0.63	0.82	0.77	0.43	0.59	0.33	0.83	0.77	-0.55	0.22		0.41	0.46
Other Current Assets	0.91	0.96	0.39	0.74	0.93	0.78	0.98	0.07	0.8	0.38	0.74	0.4	0.87	0.82	0.76	0.02	0.78	0.78	0.94	0.58	0.82	-0.18	0.91	0.41		0.96
Property Plant And Equipment Gross	0.93	0.96	0.43	0.75	0.95	0.79	0.97	0.16	0.82	0.35	0.76	0.46	0.91	0.79	0.78	0.11	0.62	0.77	0.94	0.66	0.83	-0.24	0.92	0.46	0.96

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Wex Account Relationship Matchups

Wex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.3B	8.2B	10.3B	11.5B	13.9B	14.6B
Total Current Liabilities	3.0B	2.7B	4.4B	6.3B	8.5B	8.9B
Total Stockholder Equity	1.9B	1.9B	1.8B	1.6B	1.8B	1.1B
Common Stock Shares Outstanding	43.8M	43.8M	45.3M	44.7M	43.3M	45.2M
Liabilities And Stockholders Equity	8.3B	8.2B	10.3B	11.5B	13.9B	14.6B
Total Liab	6.2B	6.1B	8.2B	9.9B	12.1B	12.7B
Short Long Term Debt Total	2.9B	3.0B	2.9B	2.7B	3.9B	4.1B
Other Current Liab	1.3B	1.8B	3.2B	4.9B	6.0B	6.3B
Other Liab	387.6M	368.7M	1.1B	815.1M	937.4M	838.1M
Property Plant And Equipment Net	212.5M	188.3M	179.5M	202.2M	304.7M	319.9M
Current Deferred Revenue	486.1M	840.1M	1.1B	13.4M	195.9M	199.9M
Net Debt	2.1B	2.2B	2.3B	1.8B	2.9B	3.0B
Retained Earnings	1.5B	1.3B	1.3B	1.5B	1.8B	923.0M
Accounts Payable	969.8M	778.2M	1.0B	1.2B	1.3B	1.4B
Cash	810.9M	852.0M	588.9M	922.0M	975.8M	1.0B
Non Current Assets Total	4.5B	4.7B	5.0B	4.7B	4.9B	5.2B
Non Currrent Assets Other	184.0M	197.2M	231.1M	246M	87.2M	135.3M
Other Assets	128.5M	1.8B	673.6M	951.1M	1.1B	1.1B
Long Term Debt	2.7B	2.9B	2.7B	2.5B	2.8B	3.0B
Cash And Short Term Investments	810.9M	852.0M	1.5B	2.3B	4.0B	4.2B
Net Receivables	2.7B	2.0B	2.9B	3.3B	3.6B	1.9B
Good Will	2.4B	2.7B	2.9B	2.7B	3.0B	3.2B
Common Stock Total Equity	475K	477K	485K	492K	442.8K	420.7K
Short Term Investments	2.4M	37.3M	948.7M	1.4B	3.0B	3.2B
Non Current Liabilities Total	3.2B	3.4B	3.8B	3.6B	3.5B	2.1B
Other Current Assets	87.7M	657.5M	870.7M	1.2B	1.4B	1.4B
Property Plant And Equipment Gross	212.5M	188.3M	637.6M	732.2M	787.1M	826.5M
Total Current Assets	3.8B	3.5B	5.3B	6.8B	8.9B	9.4B
Accumulated Other Comprehensive Income	(115.4M)	(82.9M)	(122.5M)	(306.3M)	(229.2M)	(217.7M)
Short Term Debt	248.5M	152.7M	155.8M	214.4M	1.0B	1.1B
Intangible Assets	1.6B	1.6B	1.6B	1.5B	1.5B	1.5B
Common Stock	475K	477K	485K	492K	495K	500K
Property Plant Equipment	212.5M	188.3M	179.5M	202.2M	232.6M	244.2M
Other Stockholder Equity	502.7M	700.4M	671.7M	464.8M	292.2M	244.8M
Inventory	123.4M	282.6M	570.9M	793.1M	1.1B	0.95
Net Tangible Assets	(1.9B)	(2.2B)	(2.7B)	(2.6B)	(2.3B)	(2.2B)
Noncontrolling Interest In Consolidated Entity	9.2M	10.2M	9.6M	13.0M	15.0M	15.7M
Retained Earnings Total Equity	1.5B	1.5B	1.3B	1.3B	1.5B	1.2B

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Wex Long Term Debt vs Net Invested Capital Analysis

Long Term Debt vs Net Invested Capital

Long Term Debt vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Long Term Debt

Net Invested Capital

Wex fundamental ratios Correlations

Wex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wex fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Other Current Liab	+ 0.99	Total Current Liabilities
Net Debt	+ 0.99	Short Long Term Debt Total
Good Will	+ 0.99	Non Current Assets Total
Accounts Payable	+ 0.98	Total Assets
Cash And Short Term Investments	+ 0.98	Total Current Liabilities

Common Stock Total Equity	- 0.68	Retained Earnings
Common Stock Total Equity	- 0.6	Net Receivables
Common Stock Total Equity	- 0.59	Total Stockholder Equity
Non Current Liabilities Total	- 0.55	Common Stock Total Equity
Common Stock Total Equity	- 0.52	Other Liab
Common Stock Total Equity	- 0.5	Non Currrent Assets Other