What is Wendy's's cash ratio?

Wendy's (WEN) reported cash ratio of 1× in Q1 2026.

How has Wendy's's cash ratio changed year-over-year?

Wendy's's cash ratio increased by 13.3% year-over-year, from 0.9× to 1×.

What is the long-term trend for Wendy's's cash ratio?

Over 5 years (2020 to 2025), Wendy's's cash ratio has grown at a 0.1% compound annual growth rate (CAGR), from 1× to 1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Wendy's WEN Cash ratio

Cash ratio at other companies

McDonald'sMCD

0.3×0.0×

Yum! BrandsYUM

0.3×-0.4×

Restaurant Brands InternationalQSR

0.5×+0.1×

Biglari Holdings Inc.BH

1.4×+1.2×

WingstopWING

1.3×-1.4×

Papa John's InternationalPZZA

0.1×0.0×

Other financials

Income statement

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Revenue$540.6M+3.3%

Gross profit$339.6M+1.3%

Operating income$64.9M-21.9%

Net income$22.7M-42.1%

EPS (diluted)$0.12-36.8%

Balance sheet

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Cash & equivalents$362.0M-6.9%

Total debt$4.1B+1.0%

Total equity$115.6M-11.3%

Total assets$4.9B+0.1%

Cash flow

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Operating cash flow$59.4M-30.5%

CapEx$11.9M-32.8%

Free cash flow$47.5M-29.9%

Valuation

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Market cap$1.5B-35.1%

Enterprise value$5.25B-12.4%

P/E10.1×-2.0×

P/S0.7×-0.3×

Profitability

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Gross margin63.3%-1.8pp

Operating margin14.8%-1.9pp

Net margin6.8%-1.8pp

FCF margin10.1%-0.9pp

Returns & leverage

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Return on equity120.9%+30.5pp

Debt / equity35.6×+4.3×

Current ratio1.8×+0.3×

Where this comes from

Calculated from Wendy's’s reported figures.

cash and equivalents/total current liabilities=1×

Based on the most recent quarter.

The official record: Wendy's’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wendy's's cash ratio?: Wendy's (WEN) reported cash ratio of 1× in Q1 2026.
How has Wendy's's cash ratio changed year-over-year?: Wendy's's cash ratio increased by 13.3% year-over-year, from 0.9× to 1×.
What is the long-term trend for Wendy's's cash ratio?: Over 5 years (2020 to 2025), Wendy's's cash ratio has grown at a 0.1% compound annual growth rate (CAGR), from 1× to 1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.