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Wells Fargo (Wells Fargo) Debt-to-Equity : 1.16 (As of Mar. 2024)


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What is Wells Fargo Debt-to-Equity?

Wells Fargo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $22,528 Mil. Wells Fargo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $187,764 Mil. Wells Fargo's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $180,943 Mil. Wells Fargo's debt to equity for the quarter that ended in Mar. 2024 was 1.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

WFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92   Med: 1.16   Max: 1.37
Current: 1.16

During the past 13 years, the highest Debt-to-Equity Ratio of Wells Fargo was 1.37. The lowest was 0.92. And the median was 1.16.

WFC's Debt-to-Equity is ranked worse than
68.77% of 1393 companies
in the Banks industry
Industry Median: 0.66 vs WFC: 1.16

Wells Fargo Debt-to-Equity Historical Data

The historical data trend for Wells Fargo's Debt-to-Equity 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.

* Premium members only.

Wells Fargo Debt-to-Equity Chart

Wells Fargo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.28 1.22 0.93 1.08 1.18

Wells Fargo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.06 1.04 1.12 1.18 1.16

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

For the Banks - Diversified subindustry, Wells Fargo's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Banks Industry

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

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



Wells Fargo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Wells Fargo's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Wells Fargo  (NYSE:WFC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Wells Fargo Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Wells Fargo's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Wells Fargo (Wells Fargo) Business Description

Address
420 Montgomery Street, San Francisco, CA, USA, 94104
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.
Executives
Richard K Davis director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Thomas R Nides officer: Vice Chairman C/O WELLS FARGO & COMPANY, 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Tracy M Kerrins officer: Sr. Executive Vice President 300 S BREVARD STREET, CHARLOTTE NC 28202
Kyle G Hranicky officer: Sr. Executive Vice President 1000 LOUISIANA STREET, HOUSTON TX 77002
Felicia F Norwood director 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Kleber Santos officer: Sr. Executive Vice President 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ellen R Patterson officer: Sr. EVP and General Counsel 30 HUDSON YARDS, NEW YORK NY 10001
Kristy Fercho officer: Sr. Executive Vice President 5151 CORPORATE DRIVE, TROY MI 48098
Cecelia Morken director 26025 MUREAU ROAD, CALABASAS CA 91302
Beurden Saul Van officer: Sr. Executive Vice President 150 EAST 42ND STREET, NEW YORK NY 10017
Bei Ling officer: Sr. Executive Vice President 30 HUDSON YARDS, NEW YORK NY 10001
Ather Iii Williams officer: Sr. Executive Vice President 30 HUDSON YARDS, NEW YORK NY 10001
Michael P. Santomassimo officer: Sr. EVP & CFO 225 LIBERTY STREET, NEW YORK NY 10286
Mark A Chancy director 303 PEACHTREE ST., 30TH FLOOR, ATLANTA GA 30308
Lester Owens officer: Sr. Executive Vice President 240 GREENWICH STREET, NEW YORK NY 10286