KPIs & Operating Metrics(New)
Growth Metrics

Wendy's (WEN) Debt to Equity (2016 - 2025)

Wendy's (WEN) has disclosed Debt to Equity for 16 consecutive years, with $23.51 as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Debt to Equity rose 122.55% year-over-year to $23.51, compared with a TTM value of $23.51 through Dec 2025, up 122.55%, and an annual FY2025 reading of $23.51, up 122.55% over the prior year.
  • Debt to Equity was $23.51 for Q4 2025 at Wendy's, down from $24.95 in the prior quarter.
  • Across five years, Debt to Equity topped out at $24.95 in Q3 2025 and bottomed at $4.09 in Q1 2021.
  • Average Debt to Equity over 5 years is $10.16, with a median of $7.19 recorded in 2023.
  • The sharpest move saw Debt to Equity dropped 19.11% in 2021, then soared 140.58% in 2025.
  • Year by year, Debt to Equity stood at $4.41 in 2021, then surged by 48.11% to $6.53 in 2022, then soared by 36.51% to $8.92 in 2023, then increased by 18.5% to $10.57 in 2024, then soared by 122.55% to $23.51 in 2025.
  • Business Quant data shows Debt to Equity for WEN at $23.51 in Q4 2025, $24.95 in Q3 2025, and $24.18 in Q2 2025.