Wendy's Balance Sheet Health
Financial Health criteria checks 1/6
Wendy's has a total shareholder equity of $117.4M and total debt of $2.8B, which brings its debt-to-equity ratio to 2351.5%. Its total assets and total liabilities are $5.0B and $4.8B respectively. Wendy's's EBIT is $339.2M making its interest coverage ratio 2.7. It has cash and short-term investments of $300.8M.
Key information
2,351.49%
Debt to equity ratio
US$2.76b
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$300.83m |
| Equity | US$117.38m |
| Total liabilities | US$4.84b |
| Total assets | US$4.96b |
Recent financial health updates
We Think Wendy's (NASDAQ:WEN) Is Taking Some Risk With Its Debt
Apr 04
We Think Wendy's (NASDAQ:WEN) Is Taking Some Risk With Its Debt
Dec 19Recent updates
Wendy's: Falling Sharply Behind In Fast Food Wars (Rating Downgrade)
Feb 17The Return Trends At Wendy's (NASDAQ:WEN) Look Promising
Jul 14Wendy's' (NASDAQ:WEN) Dividend Is Being Reduced To $0.14
May 21The Wendy's Company Just Missed EPS By 6.4%: Here's What Analysts Think Will Happen Next
May 05Wendy's: A Work-In-Progress
Apr 28Wendy's: Not Quite Appetizing Enough To Buy But Worth Keeping An Eye On
Apr 22The Wendy's Company (NASDAQ:WEN) Doing What It Can To Lift Shares
Apr 21We Think Wendy's (NASDAQ:WEN) Is Taking Some Risk With Its Debt
Apr 04Wendy's (NASDAQ:WEN) Is Looking To Continue Growing Its Returns On Capital
Mar 18Wendy's New Focus On Growth Is International
Mar 07Sentiment Still Eluding The Wendy's Company (NASDAQ:WEN)
Jan 17We Think Wendy's (NASDAQ:WEN) Is Taking Some Risk With Its Debt
Dec 19Wendy's (NASDAQ:WEN) Might Have The Makings Of A Multi-Bagger
Dec 04Fast-Food Chain Wendy's Outlook For Investors Is Bleak
Nov 27Wendy's (NASDAQ:WEN) Is Due To Pay A Dividend Of $0.25
Nov 19Wendy's: Unit Pruning Doesn't Tickle '70/30 Expansion'
Nov 04Wendy's (NASDAQ:WEN) Is Paying Out A Dividend Of $0.25
Nov 03Calculating The Intrinsic Value Of The Wendy's Company (NASDAQ:WEN)
Oct 28Investors Interested In The Wendy's Company's (NASDAQ:WEN) Earnings
Oct 15Wendy's: Still Top Of Mind When We Talk About Value In QSRs
Oct 07The Wendy's Company: Bleak Same-Store-Sales Growth Outlook
Sep 20
Digital Innovation And Global Expansion Set To Propel Revenue And Margins Forward
Emphasis on digital enhancements and international expansion underscores strategies to improve customer experience and tap into new markets, aiming for revenue growth.Wendy's: Hitting A Cyclical Soft Patch
Aug 28Financial Position Analysis
Short Term Liabilities: WEN's short term assets ($618.0M) exceed its short term liabilities ($351.1M).
Long Term Liabilities: WEN's short term assets ($618.0M) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: WEN's net debt to equity ratio (2095.2%) is considered high.
Reducing Debt: WEN's debt to equity ratio has increased from 410.3% to 2351.5% over the past 5 years.
Debt Coverage: WEN's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: WEN's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/05 23:39 |
| End of Day Share Price | 2026/03/05 00:00 |
| Earnings | 2025/12/28 |
| Annual Earnings | 2025/12/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Wendy's Company is covered by 47 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Jeffrey Bernstein | Barclays |
| Jeffrey Bernstein | Barclays |