Wendy's Balance Sheet
NASDAQ: WENConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Wendy's financial position
At the end of fiscal 2025, Wendy's reported total assets of $4.96 billion, down 1.6% from a year earlier against total liabilities of $4.84 billion. Shareholders' equity stood at $117.4 million, or 2.4% of assets. The company held $300.8 million in cash and equivalents against $2.76 billion of debt, a net debt position of $2.46 billion.
The current ratio (current assets divided by current liabilities) was 1.76, meaning short-term assets cover obligations due within a year. Debt-to-equity was 23.51.
Summary generated from market data by MetaCap's automated system. Methodology
Wendy's balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-28 | FY 20242024-12-29 | FY 20232023-12-31 | FY 20222023-01-01 | FY 20212022-01-02 | FY 20202021-01-03 | FY 20192019-12-29 | FY 20182018-12-30 | FY 20172017-12-31 | FY 20162017-01-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 300.83M | 450.51M | 516.04M | 745.89M | 249.44M | 306.99M | 300.19M | 431.40M | 171.45M | 198.24M |
| Receivables | 104.96M | 86.84M | 104.80M | 98.56M | 101.52M | 93.66M | 100.54M | 109.81M | 114.39M | 98.83M |
| Inventory | 7.39M | 6.53M | 6.69M | 7.13M | 5.93M | 4.73M | 3.89M | 3.69M | 3.16M | 2.85M |
| Total Current Assets | 618.04M | 736.14M | 837.65M | 1.06B | 592.85M | 687.62M | 554.05M | 665.72M | 404.35M | 452.53M |
| Property, Plant & Equipment | 937.79M | 907.79M | 891.08M | 895.78M | 906.87M | 915.89M | 977.00M | 1.02B | 1.06B | 1.19B |
| Goodwill | 774.09M | 771.47M | 773.73M | 773.09M | 775.28M | 751.05M | 755.91M | 747.88M | 743.33M | 741.41M |
| Intangible Assets | 1.17B | 1.19B | 1.22B | 1.25B | 1.28B | 1.22B | 1.25B | 1.29B | 1.32B | 1.32B |
| Long-Term Investments | 25.23M | 29.01M | 34.45M | 46.03M | 49.87M | 44.57M | 45.95M | 47.66M | 56.00M | 56.98M |
| Total Assets | 4.96B | 5.03B | 5.18B | 5.50B | 5.10B | 5.04B | 4.99B | 4.29B | 4.10B | 3.94B |
| Accounts Payable | 30.45M | 28.45M | 27.37M | 44.00M | 41.16M | 31.06M | 22.70M | 21.74M | 22.76M | 27.64M |
| Short-Term Debt | 29.75M | 78.16M | 29.25M | 29.25M | 24.25M | 28.96M | 22.75M | 23.25M | 30.17M | 24.65M |
| Total Current Liabilities | 351.10M | 397.63M | 381.93M | 388.00M | 426.93M | 413.31M | 349.70M | 284.19M | 227.16M | 230.08M |
| Long-Term Debt | 2.73B | 2.66B | 2.73B | 2.82B | 2.36B | 2.22B | 2.26B | 2.31B | 2.72B | 2.49B |
| Total Liabilities | 4.84B | 4.78B | 4.87B | 5.03B | 4.66B | 4.49B | 4.48B | 3.64B | 3.52B | 3.41B |
| Shareholders' Equity | 117.38M | 259.35M | 309.78M | 465.72M | 436.40M | 549.60M | 516.36M | 648.45M | 573.20M | 527.74M |
| Retained Earnings | 435.12M | 399.70M | 409.86M | 414.75M | 344.20M | 238.67M | 185.72M | 146.28M | -163.29M | -290.86M |
| Total Debt | 2.76B | 2.74B | 2.76B | 2.85B | 2.38B | 2.25B | 2.28B | 2.33B | 2.75B | 2.51B |
| Net Cash (Debt) | -2.46B | -2.29B | -2.25B | -2.11B | -2.13B | -1.94B | -1.98B | -1.90B | -2.58B | -2.31B |
| Shares Outstanding | 190.32M | 203.83M | 205.40M | 213.10M | 215.85M | 224.27M | 224.89M | 231.23M | 240.51M | 246.57M |
This table shows 10 annual periods of Wendy's's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow WEN's reporting calendar. What is a balance sheet?