WFCPV.PFD (Wells Fargo) Cash-to-Debt : 0.95 (As of Sep. 2024)

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What is Wells Fargo Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Wells Fargo's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.95.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Wells Fargo couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Wells Fargo's Cash-to-Debt or its related term are showing as below:

WFCpV.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.77 Max: 1.52
Current: 0.95

During the past 13 years, Wells Fargo's highest Cash to Debt Ratio was 1.52. The lowest was 0.07. And the median was 0.77.

WFCpV.PFD's Cash-to-Debt is ranked worse than
59.44% of 1499 companies
in the Banks industry
Industry Median: 1.29 vs WFCpV.PFD: 0.95

Wells Fargo Cash-to-Debt Historical Data

The historical data trend for Wells Fargo's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Wells Fargo Cash-to-Debt Chart

Wells Fargo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.59

1.17

1.35

0.82

1.08

Wells Fargo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.08	1.08	1.28	1.21	0.95

Competitive Comparison of Wells Fargo's Cash-to-Debt

For the Banks - Diversified subindustry, Wells Fargo's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Wells Fargo's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Wells Fargo's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Wells Fargo's Cash-to-Debt falls into.

Wells Fargo Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Wells Fargo's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	237219	/	(11883	+	207588)
	=	1.08

Wells Fargo's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	185546	/	(14350	+	182015)
	=	0.94

Wells Fargo (NYSE:WFCpV.PFD) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Wells Fargo Cash-to-Debt Related Terms

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Wells Fargo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (NYSE:WFCpV.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Address

420 Montgomery Street, San Francisco, CA, USA, 94104

Website

https://www.wellsfargo.com

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.