Wells Fargo (Wells Fargo) Debt-to-Asset

: 0.11 (As of Dec. 2023)

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Wells Fargo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11,883.00 Mil. Wells Fargo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $207,588.00 Mil. Wells Fargo's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $1,932,468.00 Mil. Wells Fargo's debt to asset for the quarter that ended in Dec. 2023 was 0.11.

Wells Fargo Debt-to-Asset Historical Data

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

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Wells Fargo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.13

0.12

0.09

0.10

0.11

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-Asset																0.10	0.10	0.11	0.11	0.15

Competitive Comparison

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

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

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

Wells Fargo Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(11883	+	207588)	/	1932468
	=	0.11

Wells Fargo's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(11883	+	207588)	/	1932468
	=	0.11

Wells Fargo (NYSE:WFCpR.PFD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Wells Fargo Debt-to-Asset Related Terms

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Wells Fargo (Wells Fargo) Business Description

Industry

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

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.