Is it safe?
Can WEN take a bad year?
The Wendy's Company carries $2.46B of net debt at 5.10× EBITDA: a heavy load to carry through a bad year.
$2.46B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.10×
Net debt / EBITDA · 4.64× a year ago · the load is going up
- Altman Z-score
- 1.03
Altman Z-score · distress zone, below 1.8
- Interest cover
- 2.52×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ1 2026
- $2.75B
- Cash and short-term investments
- $299M
- Net debt
- $2.46B
- EBITDA, trailing twelve months
- $481M
- Operating profit, trailing twelve months
- $325M
- Debt / equity
- 23.8×
- Total debt / EBITDA
- 5.72×
- Annualised volatilitytwo years of daily moves
- 45%
- Worst drawdown on file
- −73%
- Below its 52-week high
- −9.5%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.