WEX (WEX) Interest Expense

: $-205 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WEX's interest expense for the three months ended in Dec. 2023 was $ -82 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-205 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. WEX's Operating Income for the three months ended in Dec. 2023 was $ 159 Mil. WEX's Interest Expense for the three months ended in Dec. 2023 was $ -82 Mil. WEX's Interest Coverage for the quarter that ended in Dec. 2023 was 1.93. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

WEX Interest Expense Historical Data

The historical data trend for WEX's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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WEX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-134.68

-157.08

-89.20

-47.50

-204.60

WEX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																48.40	-38.40	-42.40	-41.60	-82.20

WEX Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-205 Mil.

WEX (NYSE:WEX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

WEX's Interest Expense for the three months ended in Dec. 2023 was $-82 Mil. Its Operating Income for the three months ended in Dec. 2023 was $159 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,828 Mil.

WEX's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	158.5	/	-82.2
	=	1.93

The higher the ratio, the stronger the company's financial strength is.

WEX (WEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WEX Inc (NYSE:WEX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WL9:Germany

Address

1 Hancock Street, Portland, ME, USA, 04101

Website

https://www.wexinc.com

WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Fleet solutions, Travel & Corporate Solutions, and Health & Employee Benefit Solutions. Fleet Solutions, the largest segment by revenue, provides fleet vehicle payment-processing services for commercial and government fleets. Travel and corporate solutions offer business-to-business payment processing and transaction monitoring services. Health and employee benefit solutions generate revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

Executives

Jack Vanwoerkom	director
Jennifer Kimball	officer: Interim CFO	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Stephen Montgomery Smith	director	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Robert Joseph Deshaies	officer: President, WEX Health	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Melanie J Tinto	officer: Chief Human Resources Officer	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
James R Groch	director	50 SOUTH 16TH STREET, SUITE 3000, PHILADELPHIA PA 19102
Carlos Carriedo	officer: COO, International	C/0 WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Melissa D Goodwin	officer: SVP, Finance and CFO	C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Regina O Sommer	director	201 JONES RD, WALTHAM MA 02451
David G Cooper	officer: Chief Technology Officer	C/O WEX INC., 9, SOUTH PORTLAND ME 04106
Hilary A Rapkin	officer: SVP, Gen. Counsel & Corp. Sec.	C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Derrick A. Roman	director	C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602
Jagtar Narula	officer: Chief Financial Officer	333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Karen B. Stroup	officer: Chief Digital Officer	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Bhavana Bartholf	director	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106