The Wendy’s Co (WEN) — Working Capital to Net Assets Ratio
The Wendy’s Co (WEN) has a Working Capital to Net Assets ratio of 227.4% as of September 2025. Working capital of $266.94 Million (current assets of $618.04 Million minus current liabilities of $351.10 Million) is measured against net assets of $117.38 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See The Wendy’s Co balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
The Wendy’s Co Working Capital to Net Assets (1985–2025)
This chart shows how The Wendy’s Co's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of September 2025, the ratio stands at 227.4%, reflecting working capital of $266.94 Million against net assets of $117.38 Million USD. Check how tangible is The Wendy’s Co's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for The Wendy’s Co (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for The Wendy’s Co from 1985 to 2025, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see The Wendy’s Co market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 227.4% | $266.94 Million | $117.38 Million | $618.04 Million | $351.10 Million | ▲ +96.9 pp |
| 2024 | 130.5% | $338.51 Million | $259.35 Million | $736.14 Million | $397.63 Million | ▼ -16.6 pp |
| 2023 | 147.1% | $455.72 Million | $309.78 Million | $837.65 Million | $381.93 Million | ▲ +3.2 pp |
| 2022 | 143.9% | $670.28 Million | $465.72 Million | $1.06 Billion | $388.00 Million | ▲ +105.9 pp |
| 2021 | 38.0% | $165.92 Million | $436.40 Million | $592.85 Million | $426.93 Million | ▼ -11.9 pp |
| 2020 | 49.9% | $274.31 Million | $549.60 Million | $687.62 Million | $413.31 Million | ▲ +10.3 pp |
| 2019 | 39.6% | $204.35 Million | $516.36 Million | $554.05 Million | $349.70 Million | ▼ -19.3 pp |
| 2018 | 58.8% | $381.53 Million | $648.45 Million | $665.72 Million | $284.19 Million | ▲ +27.9 pp |
| 2017 | 30.9% | $177.19 Million | $573.20 Million | $404.35 Million | $227.16 Million | ▼ -11.2 pp |
| 2016 | 42.2% | $222.45 Million | $527.74 Million | $452.53 Million | $230.08 Million | ▼ -4.0 pp |
| 2015 | 46.2% | $347.80 Million | $752.91 Million | $616.57 Million | $268.77 Million | ▲ +33.3 pp |
| 2014 | 12.9% | $221.88 Million | $1.72 Billion | $562.10 Million | $340.22 Million | ▼ -16.8 pp |
| 2013 | 29.7% | $572.88 Million | $1.93 Billion | $922.41 Million | $349.53 Million | ▲ +8.4 pp |
| 2012 | 21.3% | $422.96 Million | $1.99 Billion | $709.83 Million | $286.86 Million | ▲ +2.3 pp |
| 2011 | 19.0% | $378.67 Million | $2.00 Billion | $746.94 Million | $368.27 Million | ▲ +3.6 pp |
| 2010 | 15.4% | $333.30 Million | $2.16 Billion | $754.79 Million | $421.49 Million | ▼ -1.9 pp |
| 2009 | 17.3% | $403.85 Million | $2.34 Billion | $878.99 Million | $475.15 Million | ▲ +22.4 pp |
| 2008 | -5.1% | $-121.65 Million | $2.38 Billion | $380.84 Million | $502.49 Million | ▲ +3.1 pp |
| 2007 | -8.2% | $-36.91 Million | $449.83 Million | $170.25 Million | $207.16 Million | ▼ -41.2 pp |
| 2006 | 33.0% | $161.19 Million | $488.87 Million | $391.77 Million | $230.58 Million | ▼ -34.6 pp |
| 2005 | 67.5% | $296.43 Million | $439.00 Million | $1.66 Billion | $1.36 Billion | ▼ -80.3 pp |
| 2004 | 147.8% | $463.92 Million | $313.83 Million | $669.77 Million | $205.84 Million | ▼ -64.5 pp |
| 2003 | 212.3% | $610.57 Million | $287.61 Million | $772.98 Million | $162.42 Million | ▲ +58.9 pp |
| 2002 | 153.4% | $510.44 Million | $332.74 Million | $670.89 Million | $160.45 Million | ▼ -14.1 pp |
| 2001 | 167.5% | $556.64 Million | $332.40 Million | $689.76 Million | $133.12 Million | ▼ -43.8 pp |
| 2000 | 211.2% | $596.32 Million | $282.31 Million | $935.05 Million | $338.73 Million | ▲ +353.9 pp |
| 1999 | -142.7% | $237.90 Million | $-166.70 Million | $477.60 Million | $239.70 Million | ▼ -2054.6 pp |
| 1998 | 1911.9% | $208.40 Million | $10.90 Million | $409.50 Million | $201.10 Million | ▲ +1616.2 pp |
| 1997 | 295.7% | $130.10 Million | $44.00 Million | $355.80 Million | $225.70 Million | ▼ -186.3 pp |
| 1996 | 482.0% | $195.20 Million | $40.50 Million | $445.70 Million | $250.50 Million | ▼ -282.3 pp |
| 1995 | 764.3% | $158.20 Million | $20.70 Million | $412.80 Million | $254.60 Million | ▲ +424.0 pp |
| 1994 | 340.3% | $136.10 Million | $40.00 Million | $359.10 Million | $223.00 Million | ▼ -322.8 pp |
| 1993 | 663.0% | $152.50 Million | $23.00 Million | $393.50 Million | $241.00 Million | ▲ +461.7 pp |
| 1992 | 201.4% | $133.50 Million | $66.30 Million | $359.30 Million | $225.80 Million | ▲ +225.0 pp |
| 1991 | -23.6% | $-30.20 Million | $127.70 Million | $276.60 Million | $306.80 Million | ▼ -47.9 pp |
| 1990 | 24.2% | $28.70 Million | $118.40 Million | $310.70 Million | $282.00 Million | ▼ -71.7 pp |
| 1989 | 95.9% | $129.90 Million | $135.40 Million | $320.10 Million | $190.20 Million | ▲ +1.5 pp |
| 1988 | 94.5% | $109.60 Million | $116.00 Million | $378.60 Million | $269.00 Million | ▼ -31.3 pp |
| 1987 | 125.8% | $198.40 Million | $157.70 Million | $375.50 Million | $177.10 Million | ▲ +76.0 pp |
| 1986 | 49.8% | $57.90 Million | $116.20 Million | $329.70 Million | $271.80 Million | ▼ -93.4 pp |
| 1985 | 143.2% | $138.80 Million | $96.90 Million | $332.20 Million | $193.40 Million | — |