WEXCAUTIOUS

WEX Debt-to-Equity Ratio Analysis

4.11x

Higher than 99% of Technology sector peers

Updated 164h ago·SEC filings & market data

Key Takeaway

WEX’s debt-to-equity ratio of 4.11x means the company carries $4.11 of debt for every $1 of shareholders’ equity, indicating heavy reliance on borrowing rather than internal funding.

Sector Performance

99th percentile

WEX

4.11x

Sector Median

0.27x

Sector Avg

0.24x

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Deep Analysis

WEX’s debt-to-equity ratio of 4.11x means the company carries $4.11 of debt for every $1 of shareholders’ equity, indicating heavy reliance on borrowing rather than internal funding.

This is far above the technology sector median of 0.27x, placing WEX in the 98th percentile among peers—nearly the highest leverage in the sector. The year-over-year and quarter-over-quarter changes are both listed as N/A, and the trend direction over the last eight quarters is also N/A, so there is no available data to assess whether leverage is increasing or decreasing. Without a trend, the high absolute level alone signals elevated financial risk, as a downturn could make debt obligations harder to service. This combination of extreme debt usage and absent trend data points to potential vulnerability, offsetting any possible opportunity from leverage-driven growth. The metric strongly supports the overall CAUTIOUS verdict, since a ratio at the 98th percentile is a clear red flag for conservative investors.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about WEX?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does WEX's Debt-to-Equity Ratio compare to its sector?

WEX's Debt-to-Equity Ratio of 4.11x compares to a Technology sector median of 0.27x, placing it in the 99th percentile.

Who are WEX's closest peers by Debt-to-Equity Ratio?

The closest Technology peers by Debt-to-Equity Ratio include: IAC (0.31x), CDNS (0.44x), QRVO (0.46x), PCTY (0.07x), LIF (0.52x).

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Learn More About Debt-to-Equity Ratio

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Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.