The Wendy’s Co (WEN) — Tangible Net Worth Ratio
The Wendy’s Co (WEN) has a Tangible Net Worth Ratio of -897.3% as of September 2025. This metric is calculated by deducting intangible assets ($1.17 Billion) from net assets ($117.38 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See WEN current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
The Wendy’s Co Tangible Net Worth Ratio (1985–2025)
This chart shows how The Wendy’s Co's Tangible Net Worth Ratio has changed across 40 annual periods from 1985 to 2025. As of September 2025, the ratio stands at -897.3%, reflecting net assets of $117.38 Million with intangible assets of $1.17 Billion USD. See The Wendy’s Co (WEN) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for The Wendy’s Co (1985–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for The Wendy’s Co from 1985 to 2025, covering 40 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market value of The Wendy’s Co.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -897.3% | $117.38 Million | $1.17 Billion | $4.96 Billion | ▼ -537.6 pp |
| 2024 | -359.7% | $259.35 Million | $1.19 Billion | $5.03 Billion | ▼ -66.2 pp |
| 2023 | -293.5% | $309.78 Million | $1.22 Billion | $5.18 Billion | ▼ -125.4 pp |
| 2022 | -168.1% | $465.72 Million | $1.25 Billion | $5.50 Billion | ▲ +25.3 pp |
| 2021 | -193.5% | $436.40 Million | $1.28 Billion | $5.10 Billion | ▼ -70.6 pp |
| 2020 | -122.9% | $549.60 Million | $1.22 Billion | $5.04 Billion | ▲ +18.7 pp |
| 2019 | -141.5% | $516.36 Million | $1.25 Billion | $4.99 Billion | ▼ -42.0 pp |
| 2018 | -99.6% | $648.45 Million | $1.29 Billion | $4.29 Billion | ▲ +31.0 pp |
| 2017 | -130.6% | $573.20 Million | $1.32 Billion | $4.10 Billion | ▲ +20.0 pp |
| 2016 | -150.6% | $527.74 Million | $1.32 Billion | $3.94 Billion | ▼ -72.7 pp |
| 2015 | -77.9% | $752.91 Million | $1.34 Billion | $4.11 Billion | ▼ -99.2 pp |
| 2014 | 21.3% | $1.72 Billion | $1.35 Billion | $4.15 Billion | ▼ -11.0 pp |
| 2013 | 32.3% | $1.93 Billion | $1.31 Billion | $4.36 Billion | ▼ -2.1 pp |
| 2012 | 34.5% | $1.99 Billion | $1.30 Billion | $4.30 Billion | ▼ -0.2 pp |
| 2011 | 34.7% | $2.00 Billion | $1.30 Billion | $4.30 Billion | ▼ -2.5 pp |
| 2010 | 37.2% | $2.16 Billion | $1.36 Billion | $4.73 Billion | ▼ -3.2 pp |
| 2009 | 40.4% | $2.34 Billion | $1.39 Billion | $4.98 Billion | ▼ -0.4 pp |
| 2008 | 40.8% | $2.38 Billion | $1.41 Billion | $4.65 Billion | ▼ -49.1 pp |
| 2007 | 89.9% | $449.83 Million | $45.32 Million | $1.45 Billion | ▲ +4.4 pp |
| 2006 | 85.5% | $488.87 Million | $70.92 Million | $1.56 Billion | ▲ +2.7 pp |
| 2005 | 82.8% | $439.00 Million | $75.70 Million | $2.81 Billion | ▲ +20.4 pp |
| 2004 | 62.3% | $313.83 Million | $118.26 Million | $1.07 Billion | ▼ -15.4 pp |
| 2003 | 77.7% | $287.61 Million | $64.15 Million | $1.04 Billion | ▲ +7.4 pp |
| 2002 | 70.3% | $332.74 Million | $98.98 Million | $968.89 Million | ▼ -28.1 pp |
| 2001 | 98.4% | $332.40 Million | $5.47 Million | $868.41 Million | ▲ +0.5 pp |
| 2000 | 97.8% | $282.31 Million | $6.07 Million | $1.07 Billion | ▲ +2409.8 pp |
| 1998 | -2311.9% | $10.90 Million | $262.90 Million | $1.02 Billion | ▼ -1800.1 pp |
| 1997 | -511.8% | $44.00 Million | $269.20 Million | $1.00 Billion | ▲ +33.1 pp |
| 1996 | -544.9% | $40.50 Million | $261.20 Million | $854.40 Million | ▲ +731.4 pp |
| 1995 | -1276.3% | $20.70 Million | $284.90 Million | $1.09 Billion | ▼ -869.3 pp |
| 1994 | -407.0% | $40.00 Million | $202.80 Million | $922.20 Million | ▲ +288.2 pp |
| 1993 | -695.2% | $23.00 Million | $182.90 Million | $897.20 Million | ▼ -513.8 pp |
| 1992 | -181.4% | $66.30 Million | $186.60 Million | $910.70 Million | ▼ -136.5 pp |
| 1991 | -44.9% | $127.70 Million | $185.10 Million | $881.70 Million | ▲ +4.7 pp |
| 1990 | -49.7% | $118.40 Million | $177.20 Million | $917.00 Million | ▼ -15.2 pp |
| 1989 | -34.4% | $135.40 Million | $182.00 Million | $928.50 Million | ▲ +26.3 pp |
| 1988 | -60.7% | $116.00 Million | $186.40 Million | $928.00 Million | ▼ -39.6 pp |
| 1987 | -21.1% | $157.70 Million | $191.00 Million | $913.00 Million | ▲ +51.5 pp |
| 1986 | -72.6% | $116.20 Million | $200.60 Million | $875.70 Million | ▲ +39.6 pp |
| 1985 | -112.3% | $96.90 Million | $205.70 Million | $885.50 Million | — |