Restaurant Brands International (Restaurant Brands International) Debt-to-Equity

: 5.07 (As of Dec. 2023)

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Restaurant Brands International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $248 Mil. Restaurant Brands International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14,267 Mil. Restaurant Brands International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,866 Mil. Restaurant Brands International's debt to equity for the quarter that ended in Dec. 2023 was 5.06.

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 Restaurant Brands International's Debt-to-Equity or its related term are showing as below:

QSR' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.8 Med: 5.48 Max: 7.66
Current: 5.07

During the past 12 years, the highest Debt-to-Equity Ratio of Restaurant Brands International was 7.66. The lowest was 1.80. And the median was 5.48.

QSR's Debt-to-Equity is ranked worse than
91.06% of 302 companies
in the Restaurants industry
Industry Median: 0.945 vs QSR: 5.07

Restaurant Brands International Debt-to-Equity Historical Data

The historical data trend for Restaurant Brands International'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.

Restaurant Brands International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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5.41

6.52

6.54

5.80

5.07

Restaurant Brands International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															5.80	5.62	5.07	4.97	5.07

Competitive Comparison

For the Restaurants subindustry, Restaurant Brands International'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.

Restaurant Brands International Debt-to-Equity Distribution

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International's Debt-to-Equity falls into.

Restaurant Brands International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Restaurant Brands International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(248	+	14267)	/	2866
	=	5.06

Restaurant Brands International's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(248	+	14267)	/	2866
	=	5.06

Restaurant Brands International (NYSE:QSR) 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.

Restaurant Brands International Debt-to-Equity Related Terms

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Restaurant Brands International (Restaurant Brands International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands International Inc (NYSE:QSR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

QSR:Mexico 0R6:Germany 0R6:Germany QSR:Canada

Address

130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1

Website

https://www.rbi.com

Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $39 billion in 2022 systemwide sales across a footprint that spanned nearly 30,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the Restaurant Brands portfolio now includes Burger King (19,000 units), Tim Hortons (5,600 units), Popeyes Louisiana Kitchen (4,100 units) and Firehouse Subs (1,250 units) as of year-end 2022.

Executives

Axel Mr Schwan	officer: Pres., Tim Hortons Americas	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jeffrey Housman	officer: See Remarks	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Joshua Kobza	officer: Chief Financial Officer	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
David Chan Shear	officer: President, International	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Thomas Benjamin Curtis	officer: See Remarks	30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Duncan Fulton	officer: Chief Corporate Officer	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Jacqueline Friesner	officer: See Remarks	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jill Granat	officer: See Remarks	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Matthew Dunnigan	officer: CFO	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Sami A. Siddiqui	officer: Brand Pres., Popeyes, Americas	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
J Patrick Doyle	officer: Executive Chairman	8701 COLLINS AVENUE UNIT 1202, MIAMI BEACH FL 33154
Jordana Fribourg	director	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Ali Hedayat	director	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jose E. Cil	officer: See Remarks	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Cristina Farjallat	director	130 KING STREET WEST, SUITE 300, TORONTO Z4 M5X 1E1