Wells Fargo (LIM:WFC) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Wells Fargo LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Wells Fargo's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Wells Fargo's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.10). It may suggest that Wells Fargo is progressively becoming less dependent on debt to grow their business.

Wells Fargo LT-Debt-to-Total-Asset Historical Data

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

* Premium members only.

Wells Fargo LT-Debt-to-Total-Asset Chart

Wells Fargo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.12

0.11

0.08

0.09

0.11

Wells Fargo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.11	0.10	0.09	0.10

Wells Fargo LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	207588	/	1932468
	=	0.11

Wells Fargo's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	182015	/	1922125
	=	0.09

Wells Fargo (LIM:WFC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Wells Fargo LT-Debt-to-Total-Asset Related Terms

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

Wells Fargo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (LIM:WFC) » Definitions » LT-Debt-to-Total-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.