WEX (WEX) Cash And Cash Equivalents : $610 Mil (As of Mar. 2025)

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What is WEX Cash And Cash Equivalents?

WEX's quarterly cash and cash equivalents increased from Sep. 2024 ($535.40 Mil) to Dec. 2024 ($595.80 Mil) and increased from Dec. 2024 ($595.80 Mil) to Mar. 2025 ($610.30 Mil).

WEX's annual cash and cash equivalents increased from Dec. 2022 ($922.00 Mil) to Dec. 2023 ($975.80 Mil) but then declined from Dec. 2023 ($975.80 Mil) to Dec. 2024 ($595.80 Mil).

WEX Cash And Cash Equivalents Historical Data

The historical data trend for WEX's Cash And Cash Equivalents 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.

* Premium members only.

WEX Cash And Cash Equivalents Chart

WEX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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852.03

588.92

922.00

975.80

595.80

WEX Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash And Cash Equivalents	Get a 7-Day Free Trial															779.60	682.60	535.40	595.80	610.30

WEX Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

WEX (NYSE:WEX) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

WEX Cash And Cash Equivalents Related Terms

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WEX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WEX Inc (NYSE:WEX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

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: Mobility, Benefits, and Corporate Payments. Mobility segment, the top segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

Executives

Melanie J Tinto	officer: Chief Human Resources Officer	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
Jagtar Narula	officer: Chief Financial Officer	333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Ann Elena Drew	officer: Chief Risk and Compliance	C/0 WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Jennifer Kimball	officer: Interim CFO	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Carlos Carriedo	officer: COO, International	C/0 WEX INC., 97 DARLING AVENUE, 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
Melissa D Goodwin	officer: SVP, Finance and CFO	C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Jack Vanwoerkom	director
Stephen Montgomery Smith	director	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
James R Groch	director	50 SOUTH 16TH STREET, SUITE 3000, PHILADELPHIA PA 19102
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
Derrick A. Roman	director	C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602
Karen B. Stroup	officer: Chief Digital Officer	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202