Wex Good Will vs Short Term Investments Analysis

WEX Stock

USD 216.58 1.55 0.72%

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 Good Will and its Short Term Investments 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 tightly coupled with the direction of predictive economic indicators such as signals in income.

Good Will vs Short Term Investments

Good Will vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wex Inc Good Will account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Wex's Good Will and Short Term Investments is 0.67. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Short Term Investments 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 Good Will and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Wex Inc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Good Will i.e., Wex's Good Will and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Short Term Investments

Short Term Investments is an item under the current assets section of Wex balance sheet. It contains any investments Wex Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Wex Inc can easily liquidate in the marketplace.

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 tightly coupled 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	164.1M	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	0.89	0.04	0.95	0.05	0.64	0.67	0.97	0.89	0.93	0.12	0.71	0.89	0.87	0.77	0.96	-0.42	0.84	0.65	0.51	0.93
Total Current Liabilities	0.94		0.41	0.75	0.96	0.83	0.99	0.05	0.87	-0.18	0.37	0.45	0.93	0.93	0.77	-0.2	0.68	0.81	0.96	0.62	0.83	-0.25	0.95	0.36	0.32	0.96
Total Stockholder Equity	0.66	0.41		0.73	0.6	0.77	0.31	-0.14	0.67	0.49	0.96	0.93	0.65	0.39	0.85	0.64	0.47	0.73	0.27	0.87	0.8	-0.59	0.19	0.9	0.64	0.43
Common Stock Shares Outstanding	0.86	0.75	0.73		0.83	0.87	0.66	-0.31	0.8	0.28	0.75	0.59	0.86	0.65	0.91	0.27	0.65	0.91	0.6	0.69	0.91	-0.22	0.55	0.64	0.66	0.75
Total Liab	1.0	0.96	0.6	0.83		0.93	0.93	0.06	0.94	-0.02	0.57	0.62	0.97	0.91	0.9	0.06	0.71	0.86	0.91	0.75	0.94	-0.39	0.88	0.6	0.48	0.95
Short Long Term Debt Total	0.96	0.83	0.77	0.87	0.93		0.76	-0.12	0.97	0.16	0.76	0.74	0.9	0.84	0.97	0.25	0.7	0.89	0.77	0.76	0.97	-0.44	0.7	0.73	0.58	0.8
Other Current Liab	0.89	0.99	0.31	0.66	0.93	0.76		0.07	0.83	-0.32	0.27	0.38	0.89	0.92	0.69	-0.24	0.63	0.72	0.97	0.57	0.75	-0.19	0.97	0.29	0.31	0.95
Other Liab	0.04	0.05	-0.14	-0.31	0.06	-0.12	0.07		-0.09	0.06	-0.22	0.05	0.05	0.02	-0.1	-0.04	-0.1	-0.18	0.12	0.14	-0.06	-0.52	0.17	0.04	-0.43	0.16
Property Plant And Equipment Net	0.95	0.87	0.67	0.8	0.94	0.97	0.83	-0.09		-0.01	0.65	0.7	0.89	0.9	0.91	0.16	0.63	0.85	0.84	0.71	0.92	-0.41	0.78	0.63	0.56	0.82
Current Deferred Revenue	0.05	-0.18	0.49	0.28	-0.02	0.16	-0.32	0.06	-0.01		0.53	0.26	-0.01	-0.21	0.31	0.42	0.19	0.28	-0.28	0.19	0.28	-0.27	-0.32	0.46	0.01	-0.08
Net Debt	0.64	0.37	0.96	0.75	0.57	0.76	0.27	-0.22	0.65	0.53		0.85	0.6	0.31	0.86	0.69	0.45	0.7	0.22	0.78	0.8	-0.48	0.15	0.91	0.66	0.41
Retained Earnings	0.67	0.45	0.93	0.59	0.62	0.74	0.38	0.05	0.7	0.26	0.85		0.67	0.45	0.78	0.61	0.36	0.64	0.35	0.92	0.74	-0.68	0.28	0.88	0.63	0.46
Accounts Payable	0.97	0.93	0.65	0.86	0.97	0.9	0.89	0.05	0.89	-0.01	0.6	0.67		0.84	0.9	0.12	0.65	0.87	0.83	0.81	0.92	-0.45	0.8	0.61	0.51	0.91
Cash	0.89	0.93	0.39	0.65	0.91	0.84	0.92	0.02	0.9	-0.21	0.31	0.45	0.84		0.72	-0.22	0.67	0.76	0.97	0.54	0.78	-0.25	0.93	0.36	0.31	0.84
Non Current Assets Total	0.93	0.77	0.85	0.91	0.9	0.97	0.69	-0.1	0.91	0.31	0.86	0.78	0.9	0.72		0.38	0.7	0.9	0.66	0.8	0.99	-0.48	0.6	0.81	0.6	0.78
Non Currrent Assets Other	0.12	-0.2	0.64	0.27	0.06	0.25	-0.24	-0.04	0.16	0.42	0.69	0.61	0.12	-0.22	0.38		-0.05	0.11	-0.29	0.45	0.28	-0.45	-0.33	0.74	0.67	-0.06
Other Assets	0.71	0.68	0.47	0.65	0.71	0.7	0.63	-0.1	0.63	0.19	0.45	0.36	0.65	0.67	0.7	-0.05		0.74	0.62	0.41	0.74	-0.23	0.58	0.43	0.24	0.62
Long Term Debt	0.89	0.81	0.73	0.91	0.86	0.89	0.72	-0.18	0.85	0.28	0.7	0.64	0.87	0.76	0.9	0.11	0.74		0.68	0.7	0.93	-0.31	0.62	0.59	0.48	0.77
Cash And Short Term Investments	0.87	0.96	0.27	0.6	0.91	0.77	0.97	0.12	0.84	-0.28	0.22	0.35	0.83	0.97	0.66	-0.29	0.62	0.68		0.5	0.72	-0.19	0.99	0.28	0.24	0.9
Net Receivables	0.77	0.62	0.87	0.69	0.75	0.76	0.57	0.14	0.71	0.19	0.78	0.92	0.81	0.54	0.8	0.45	0.41	0.7	0.5		0.79	-0.6	0.46	0.83	0.57	0.66
Good Will	0.96	0.83	0.8	0.91	0.94	0.97	0.75	-0.06	0.92	0.28	0.8	0.74	0.92	0.78	0.99	0.28	0.74	0.93	0.72	0.79		-0.47	0.67	0.77	0.56	0.83
Common Stock Total Equity	-0.42	-0.25	-0.59	-0.22	-0.39	-0.44	-0.19	-0.52	-0.41	-0.27	-0.48	-0.68	-0.45	-0.25	-0.48	-0.45	-0.23	-0.31	-0.19	-0.6	-0.47		-0.14	-0.55	-0.13	-0.24
Short Term Investments	0.84	0.95	0.19	0.55	0.88	0.7	0.97	0.17	0.78	-0.32	0.15	0.28	0.8	0.93	0.6	-0.33	0.58	0.62	0.99	0.46	0.67	-0.14		0.22	0.19	0.92
Non Current Liabilities Total	0.65	0.36	0.9	0.64	0.6	0.73	0.29	0.04	0.63	0.46	0.91	0.88	0.61	0.36	0.81	0.74	0.43	0.59	0.28	0.83	0.77	-0.55	0.22		0.67	0.46
Other Current Assets	0.51	0.32	0.64	0.66	0.48	0.58	0.31	-0.43	0.56	0.01	0.66	0.63	0.51	0.31	0.6	0.67	0.24	0.48	0.24	0.57	0.56	-0.13	0.19	0.67		0.38
Property Plant And Equipment Gross	0.93	0.96	0.43	0.75	0.95	0.8	0.95	0.16	0.82	-0.08	0.41	0.46	0.91	0.84	0.78	-0.06	0.62	0.77	0.9	0.66	0.83	-0.24	0.92	0.46	0.38

Click cells to compare fundamentals

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	969.8M	2.1B	4.7B	6.1B	6.4B
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	12.4M	11.8M
Net Debt	2.1B	2.2B	2.3B	1.8B	1.7B	1.1B
Retained Earnings	1.5B	1.3B	1.3B	1.5B	1.8B	923.0M
Accounts Payable	969.8M	778.2M	1.0B	1.4B	1.3B	1.4B
Cash	810.9M	852.0M	588.9M	922.0M	2.2B	2.3B
Non Current Assets Total	4.5B	4.7B	5.0B	4.7B	5.0B	5.2B
Non Currrent Assets Other	184.0M	197.2M	231.1M	246M	66.2M	62.9M
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	5.3B	5.5B
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
Non Current Liabilities Total	3.2B	3.4B	3.8B	3.6B	3.5B	2.1B
Other Current Assets	87.7M	86.6M	77.6M	143.3M	90M	92.7M
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	202.6M	1.1B	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	282.6M	570.9M	793.1M	1.1B	1.0	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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When determining whether Wex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wex Inc Stock:

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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 tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the Wex Inc information on this page should be used as a complementary analysis to other Wex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Wex's price analysis, check to measure Wex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wex is operating at the current time. Most of Wex's value examination focuses on studying past and present price action to predict the probability of Wex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wex's price. Additionally, you may evaluate how the addition of Wex to your portfolios can decrease your overall portfolio volatility.

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Is Wex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wex. If investors know Wex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.01)

Earnings Share

6.16

Revenue Per Share

59.533

Quarterly Revenue Growth

0.072

Return On Assets

0.0321

The market value of Wex Inc is measured differently than its book value, which is the value of Wex that is recorded on the company's balance sheet. Investors also form their own opinion of Wex's value that differs from its market value or its book value, called intrinsic value, which is Wex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wex's market value can be influenced by many factors that don't directly affect Wex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Wex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Wex Good Will vs Short Term Investments Analysis

Good Will vs Short Term Investments

Good Will vs Short Term Investments Correlation Analysis

Correlation Coefficient

Good Will

Short Term Investments

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
Good Will	+ 0.99	Non Current Assets Total
Short Term Investments	+ 0.99	Cash And Short Term Investments
Accounts Payable	+ 0.97	Total Assets
Accounts Payable	+ 0.97	Total Liab

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	- 0.48	Non Current Assets Total