Restaurant Brands International Limited Partnership annual debt-to-equity ratio
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Restaurant Brands International Limited Partnership Debt-to-Equity Ratio Growth & History (RSTRF)
Restaurant Brands International Limited Partnership's debt-to-equity ratio was 3.04 for fiscal 2025.
View full Restaurant Brands International Limited Partnership company overviewRestaurant Brands International Limited Partnership annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.04 | −0.25 | −7.58% |
| 2024 | 2024-12-31 | 3.29 | 0.23 | +7.47% |
| 2023 | 2023-12-31 | 3.06 | −0.32 | −9.57% |
| 2022 | 2022-12-31 | 3.38 | −0.39 | −10.43% |
| 2021 | 2021-12-31 | 3.78 | 0.00 | +0.10% |
| 2020 | 2020-12-31 | 3.77 | 0.64 | +20.27% |
| 2019 | 2019-12-31 | 3.14 | −0.22 | −6.54% |
| 2018 | 2018-12-31 | 3.36 | 0.70 | +26.27% |
| 2017 | 2017-12-31 | 2.66 | 0.16 | +6.35% |
| 2016 | 2016-12-31 | 2.50 | −0.49 | −16.47% |
| 2015 | 2015-12-31 | 2.99 | 0.64 | +27.36% |
| 2014 | 2014-12-31 | 2.35 | 0.35 | +17.33% |
| 2013 | 2013-12-31 | 2.00 | — | — |
Restaurant Brands International Limited Partnership quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.90 | −0.24 | −7.52% |
| Q1 2026 | 2026-03-31 | 2.96 | −0.34 | −10.17% |
| Q4 2025 | 2025-12-31 | 3.04 | −0.25 | −7.58% |
| Q3 2025 | 2025-09-30 | 3.07 | −0.10 | −3.24% |
| Q2 2025 | 2025-06-30 | 3.14 | −0.09 | −2.72% |
| Q1 2025 | 2025-03-31 | 3.30 | 0.31 | +10.23% |
| Q4 2024 | 2024-12-31 | 3.29 | 0.23 | +7.47% |
| Q3 2024 | 2024-09-30 | 3.17 | 0.08 | +2.69% |
| Q2 2024 | 2024-06-30 | 3.22 | 0.14 | +4.58% |
| Q1 2024 | 2024-03-31 | 2.99 | −0.35 | −10.49% |
| Q4 2023 | 2023-12-31 | 3.06 | −0.32 | −9.57% |
| Q3 2023 | 2023-09-30 | 3.09 | −0.48 | −13.52% |
| Q2 2023 | 2023-06-30 | 3.08 | −0.63 | −16.95% |
| Q1 2023 | 2023-03-31 | 3.34 | −0.33 | −9.05% |
| Q4 2022 | 2022-12-31 | 3.38 | −0.39 | −10.43% |
| Q3 2022 | 2022-09-30 | 3.57 | 0.16 | +4.64% |
| Q2 2022 | 2022-06-30 | 3.71 | 0.42 | +12.70% |
| Q1 2022 | 2022-03-31 | 3.68 | 0.17 | +4.90% |
| Q4 2021 | 2021-12-31 | 3.78 | 0.00 | +0.10% |
| Q3 2021 | 2021-09-30 | 3.41 | −0.14 | −3.87% |
| Q2 2021 | 2021-06-30 | 3.29 | −0.31 | −8.60% |
| Q1 2021 | 2021-03-31 | 3.50 | −0.32 | −8.47% |
| Q4 2020 | 2020-12-31 | 3.77 | 0.64 | +20.27% |
| Q3 2020 | 2020-09-30 | 3.55 | 0.15 | +4.48% |
| Q2 2020 | 2020-06-30 | 3.60 | 0.25 | +7.40% |
| Q1 2020 | 2020-03-31 | 3.83 | 0.31 | +8.68% |
| Q4 2019 | 2019-12-31 | 3.14 | −0.22 | −6.54% |
| Q3 2019 | 2019-09-30 | 3.40 | 0.64 | +23.43% |
| Q2 2019 | 2019-06-30 | 3.36 | 0.49 | +17.24% |
| Q1 2019 | 2019-03-31 | 3.52 | 0.67 | +23.43% |
| Q4 2018 | 2018-12-31 | 3.36 | 0.70 | +26.27% |
| Q3 2018 | 2018-09-30 | 2.75 | 0.03 | +1.28% |
| Q2 2018 | 2018-06-30 | 2.86 | −0.12 | −4.05% |
| Q1 2018 | 2018-03-31 | 2.85 | 0.11 | +4.07% |
| Q4 2017 | 2017-12-31 | 2.66 | 0.16 | +6.35% |
| Q3 2017 | 2017-09-30 | 2.72 | 0.22 | +8.66% |
| Q2 2017 | 2017-06-30 | 2.98 | 0.49 | +19.45% |
| Q1 2017 | 2017-03-31 | 2.74 | 0.13 | +4.83% |
| Q4 2016 | 2016-12-31 | 2.50 | −0.49 | −16.47% |
| Q3 2016 | 2016-09-30 | 2.50 | −0.14 | −5.40% |
| Q2 2016 | 2016-06-30 | 2.50 | −0.00 | −0.06% |
| Q1 2016 | 2016-03-31 | 2.62 | 0.01 | +0.44% |
| Q4 2015 | 2015-12-31 | 2.99 | 0.64 | +27.36% |
| Q3 2015 | 2015-09-30 | 2.64 | — | — |
| Q2 2015 | 2015-06-30 | 2.50 | — | — |
| Q1 2015 | 2015-03-31 | 2.61 | — | — |
| Q4 2014 | 2014-12-31 | 2.35 | — | — |
Restaurant Brands International Limited Partnership debt-to-equity ratio trends
Over the last five fiscal years, Restaurant Brands International Limited Partnership's debt-to-equity ratio decreased from 3.77 to 3.04, a change of −0.73. The latest reported quarter, Q2 2026, shows 2.90.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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