Wendy's annual net debt
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2025
Wendy's Net Debt Growth & History (WEN)
Wendy's's net debt was $3.84B for fiscal 2025.
View full Wendy's company overviewWendy's annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-28 | $3.84B | $202.1M | +5.55% |
| 2024 | 2024-12-29 | $3.64B | $18.3M | +0.51% |
| 2023 | 2023-12-31 | $3.62B | $87.8M | +2.48% |
| 2022 | 2023-01-01 | $3.54B | −$71.0M | −1.97% |
| 2021 | 2022-01-02 | $3.61B | $238.0M | +7.06% |
| 2020 | 2021-01-03 | $3.37B | −$44.5M | −1.30% |
| 2019 | 2019-12-29 | $3.41B | $1.06B | +45.07% |
| 2018 | 2018-12-30 | $2.35B | −$229.9M | −8.90% |
| 2017 | 2017-12-31 | $2.58B | $268.9M | +11.62% |
| 2016 | 2017-01-01 | $2.31B | $215.1M | +10.25% |
| 2015 | 2016-01-03 | $2.10B | $928.0M | +79.26% |
| 2014 | 2014-12-28 | $1.17B | $287.2M | +32.50% |
| 2013 | 2013-12-29 | $883.7M | −$120.5M | −12.00% |
| 2012 | 2012-12-30 | $1.00B | $122.4M | +13.88% |
| 2011 | 2012-01-01 | $881.8M | −$178.1M | −16.81% |
| 2010 | 2011-01-02 | $1.06B | $150.8M | +16.59% |
| 2009 | 2010-01-03 | $909.1M | — | — |
Wendy's quarterly net debt
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Q2.10
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | $3.73B | −$75.7M | −1.99% |
| Q1 2026 | 2026-03-29 | $3.82B | $77.0M | +2.06% |
| Q4 2025 | 2025-12-28 | $3.84B | $202.1M | +5.55% |
| Q3 2025 | 2025-09-28 | $3.83B | $211.0M | +5.83% |
| Q2 2025 | 2025-06-29 | $3.81B | $168.8M | +4.64% |
| Q1 2025 | 2025-03-30 | $3.74B | $118.9M | +3.28% |
| Q4 2024 | 2024-12-29 | $3.64B | $18.3M | +0.51% |
| Q3 2024 | 2024-09-29 | $3.62B | $27.5M | +0.77% |
| Q2 2024 | 2024-06-30 | $3.64B | $62.8M | +1.76% |
| Q1 2024 | 2024-03-31 | $3.62B | $69.9M | +1.97% |
| Q4 2023 | 2023-12-31 | $3.62B | $87.8M | +2.48% |
| Q3 2023 | 2023-10-01 | $3.59B | $26.3M | +0.74% |
| Q2 2023 | 2023-07-02 | $3.58B | −$41.4M | −1.15% |
| Q1 2023 | 2023-04-02 | $3.55B | −$31.9M | −0.89% |
| Q4 2022 | 2023-01-01 | $3.54B | −$71.0M | −1.97% |
| Q3 2022 | 2022-10-02 | $3.56B | $319.4M | +9.85% |
| Q2 2022 | 2022-07-03 | $3.62B | $358.6M | +11.01% |
| Q1 2022 | 2022-04-03 | $3.58B | $253.6M | +7.61% |
| Q4 2021 | 2022-01-02 | $3.61B | $238.0M | +7.06% |
| Q3 2021 | 2021-10-03 | $3.24B | −$129.5M | −3.84% |
| Q2 2021 | 2021-07-04 | $3.26B | −$214.1M | −6.17% |
| Q1 2021 | 2021-04-04 | $3.33B | −$193.3M | −5.49% |
| Q4 2020 | 2021-01-03 | $3.37B | −$44.5M | −1.30% |
| Q3 2020 | 2020-09-27 | $3.37B | $81.1M | +2.46% |
| Q2 2020 | 2020-06-28 | $3.47B | $151.4M | +4.56% |
| Q1 2020 | 2020-03-29 | $3.52B | $143.6M | +4.25% |
| Q4 2019 | 2019-12-29 | $3.41B | $1.06B | +45.07% |
| Q3 2019 | 2019-09-29 | $3.29B | $1.13B | +52.63% |
| Q2 2019 | 2019-06-30 | $3.32B | $713.2M | +27.35% |
| Q1 2019 | 2019-03-31 | $3.38B | $759.7M | +28.99% |
| Q4 2018 | 2018-12-30 | $2.35B | −$229.9M | −8.90% |
| Q3 2018 | 2018-09-30 | $2.16B | −$353.6M | −14.09% |
| Q2 2018 | 2018-07-01 | $2.61B | $112.6M | +4.51% |
| Q1 2018 | 2018-04-01 | $2.62B | $285.7M | +12.24% |
| Q4 2017 | 2017-12-31 | $2.58B | $268.9M | +11.62% |
| Q3 2017 | 2017-10-01 | $2.51B | $326.7M | +14.96% |
| Q2 2017 | 2017-07-02 | $2.50B | $276.0M | +12.44% |
| Q1 2017 | 2017-04-02 | $2.33B | $168.9M | +7.80% |
| Q4 2016 | 2017-01-01 | $2.31B | $215.1M | +10.25% |
| Q3 2016 | 2016-10-02 | $2.18B | −$44.2M | −1.99% |
| Q2 2016 | 2016-07-03 | $2.22B | $1.02B | +84.97% |
| Q1 2016 | 2016-04-03 | $2.17B | $976.2M | +82.07% |
| Q4 2015 | 2016-01-03 | $2.10B | $928.0M | +79.26% |
| Q3 2015 | 2015-09-27 | $2.23B | $1.16B | +108.83% |
| Q2 2015 | 2015-06-28 | $1.20B | $155.1M | +14.84% |
| Q1 2015 | 2015-03-29 | $1.19B | $150.4M | +14.47% |
| Q4 2014 | 2014-12-28 | $1.17B | $287.2M | +32.50% |
| Q3 2014 | 2014-09-28 | $1.07B | $108.1M | +11.28% |
| Q2 2014 | 2014-06-29 | $1.04B | $62.6M | +6.37% |
| Q1 2014 | 2014-03-30 | $1.04B | $26.0M | +2.57% |
| Q4 2013 | 2013-12-29 | $883.7M | −$120.5M | −12.00% |
| Q3 2013 | 2013-09-29 | $958.5M | −$35.2M | −3.55% |
| Q2 2013 | 2013-06-30 | $982.1M | $32.9M | +3.46% |
| Q1 2013 | 2013-03-31 | $1.01B | $86.8M | +9.37% |
| Q4 2012 | 2012-12-30 | $1.00B | $122.4M | +13.88% |
| Q3 2012 | 2012-09-30 | $993.7M | — | — |
| Q2 2012 | 2012-07-01 | $949.3M | — | — |
| Q1 2012 | 2012-04-01 | $926.3M | −$117.7M | −11.27% |
| Q4 2011 | 2012-01-01 | $881.8M | −$178.1M | −16.81% |
| Q1 2011 | 2011-04-03 | $1.04B | — | — |
| Q4 2010 | 2011-01-02 | $1.06B | $150.8M | +16.59% |
| Q3 2010 | 2010-10-03 | $1.04B | — | — |
| Q2 2010 | 2010-07-04 | $1.05B | — | — |
| Q4 2009 | 2010-01-03 | $909.1M | — | — |
Wendy's net debt trends
Over the last five fiscal years, Wendy's's net debt increased from $3.37B to $3.84B, a change of $475.2M. The latest reported quarter, Q2 2026, shows $3.73B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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