Restaurant Brands International Balance Sheet
NYSE: QSRConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Restaurant Brands International financial position
At the end of fiscal 2025, Restaurant Brands International reported total assets of $25.61 billion, up 4.0% from a year earlier against total liabilities of $20.46 billion. Shareholders' equity stood at $3.63 billion, or 14.2% of assets. The company held $1.16 billion in cash and equivalents against $13.28 billion of debt, a net debt position of $12.12 billion.
The current ratio (current assets divided by current liabilities) was 0.98, meaning short-term obligations exceed short-term assets. Debt-to-equity was 3.65.
Summary generated from market data by MetaCap's automated system. Methodology
Restaurant Brands International balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.16B | 1.33B | 1.14B | 1.18B | 1.09B | 1.56B | 1.53B | 913.00M | 1.10B | 1.48B |
| Receivables | 794.00M | 698.00M | 749.00M | 614.00M | 547.00M | 536.00M | 527.00M | 452.00M | 489.00M | 403.50M |
| Inventory | 205.00M | 142.00M | 166.00M | 133.00M | 96.00M | 96.00M | 84.00M | 75.00M | 78.00M | 71.80M |
| Total Current Assets | 2.83B | 2.28B | 2.17B | 2.05B | 1.82B | 2.26B | 2.20B | 1.50B | 1.75B | 2.10B |
| Property, Plant & Equipment | 2.30B | 1.18B | 1.33B | 1.40B | 1.51B | 1.52B | 2.01B | 2.00B | 2.13B | 2.05B |
| Goodwill | 6.31B | 5.99B | 5.78B | 5.69B | 6.01B | 5.74B | 5.65B | 5.49B | 5.78B | 4.68B |
| Intangible Assets | 11.19B | 10.92B | 11.11B | 10.99B | 11.42B | 10.70B | 10.56B | 10.46B | 11.06B | 9.23B |
| Total Assets | 25.61B | 24.63B | 23.39B | 22.75B | 23.25B | 22.78B | 22.36B | 20.14B | 21.22B | 19.12B |
| Accounts Payable | 866.00M | 765.00M | 790.00M | 758.00M | 614.00M | 464.00M | 644.00M | 513.00M | 496.00M | 369.80M |
| Short-Term Debt | 32.00M | 187.00M | 67.00M | 95.00M | 62.00M | 79.00M | 74.00M | 70.00M | 57.00M | 74.80M |
| Total Current Liabilities | 2.89B | 2.36B | 2.14B | 2.12B | 1.88B | 1.60B | 1.70B | 1.41B | 1.66B | 1.21B |
| Long-Term Debt | 13.25B | 13.46B | 12.85B | 12.84B | 12.92B | 12.40B | 11.76B | 11.82B | 11.80B | 8.41B |
| Total Liabilities | 20.46B | 19.79B | 18.66B | 18.48B | 19.39B | 19.06B | 18.10B | 16.52B | 16.66B | 12.34B |
| Shareholders' Equity | 3.63B | 3.11B | 2.87B | 2.50B | 2.24B | 2.17B | 2.49B | 1.61B | 2.23B | 1.70B |
| Retained Earnings | 1.79B | 1.86B | 1.60B | 1.12B | 791.00M | 622.00M | 775.00M | 674.00M | 651.00M | 445.70M |
| Total Debt | 13.28B | 13.64B | 12.92B | 12.93B | 12.98B | 12.48B | 11.83B | 11.89B | 11.86B | 8.48B |
| Net Cash (Debt) | -12.12B | -12.31B | -11.78B | -11.76B | -11.89B | -10.92B | -10.30B | -10.98B | -10.76B | -7.01B |
| Shares Outstanding | 346.32M | 324.43M | 312.45M | 307.14M | 309.03M | 304.72M | 298.28M | 251.53M | 243.90M | 234.24M |
This table shows 10 annual periods of Restaurant Brands International's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow QSR's reporting calendar. What is a balance sheet?