Restaurant Brands International Limited Partnership annual net debt
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2025
Restaurant Brands International Limited Partnership Net Debt Growth & History (RSTRF)
Restaurant Brands International Limited Partnership's net debt was $14.52B for fiscal 2025.
View full Restaurant Brands International Limited Partnership company overviewRestaurant Brands International Limited Partnership annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $14.52B | −$76.0M | −0.52% |
| 2024 | 2024-12-31 | $14.59B | $1.26B | +9.43% |
| 2023 | 2023-12-31 | $13.33B | $71.0M | +0.54% |
| 2022 | 2022-12-31 | $13.26B | −$205.0M | −1.52% |
| 2021 | 2021-12-31 | $13.47B | $986.0M | +7.90% |
| 2020 | 2020-12-31 | $12.48B | $652.0M | +5.51% |
| 2019 | 2019-12-31 | $11.83B | $603.0M | +5.37% |
| 2018 | 2018-12-31 | $11.23B | $201.0M | +1.82% |
| 2017 | 2017-12-31 | $11.03B | $3.74B | +51.32% |
| 2016 | 2016-12-31 | $7.29B | −$647.3M | −8.16% |
| 2015 | 2015-12-31 | $7.93B | −$462.0M | −5.50% |
| 2014 | 2014-12-31 | $8.40B | $6.15B | +273.13% |
| 2013 | 2013-12-31 | $2.25B | — | — |
Restaurant Brands International Limited Partnership quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $14.59B | −$353.0M | −2.36% |
| Q1 2026 | 2026-03-31 | $14.67B | −$347.0M | −2.31% |
| Q4 2025 | 2025-12-31 | $14.52B | −$76.0M | −0.52% |
| Q3 2025 | 2025-09-30 | $14.64B | −$161.0M | −1.09% |
| Q2 2025 | 2025-06-30 | $14.94B | −$83.0M | −0.55% |
| Q1 2025 | 2025-03-31 | $15.02B | $1.59B | +11.87% |
| Q4 2024 | 2024-12-31 | $14.59B | $1.26B | +9.43% |
| Q3 2024 | 2024-09-30 | $14.80B | $1.71B | +13.07% |
| Q2 2024 | 2024-06-30 | $15.02B | $1.81B | +13.71% |
| Q1 2024 | 2024-03-31 | $13.42B | $41.0M | +0.31% |
| Q4 2023 | 2023-12-31 | $13.33B | $71.0M | +0.54% |
| Q3 2023 | 2023-09-30 | $13.09B | −$384.0M | −2.85% |
| Q2 2023 | 2023-06-30 | $13.21B | −$463.0M | −3.39% |
| Q1 2023 | 2023-03-31 | $13.38B | −$285.0M | −2.09% |
| Q4 2022 | 2022-12-31 | $13.26B | −$205.0M | −1.52% |
| Q3 2022 | 2022-09-30 | $13.47B | $1.23B | +10.06% |
| Q2 2022 | 2022-06-30 | $13.68B | $1.41B | +11.46% |
| Q1 2022 | 2022-03-31 | $13.67B | $1.20B | +9.66% |
| Q4 2021 | 2021-12-31 | $13.47B | $986.0M | +7.90% |
| Q3 2021 | 2021-09-30 | $12.24B | $251.0M | +2.09% |
| Q2 2021 | 2021-06-30 | $12.27B | −$75.0M | −0.61% |
| Q1 2021 | 2021-03-31 | $12.46B | $595.0M | +5.01% |
| Q4 2020 | 2020-12-31 | $12.48B | $652.0M | +5.51% |
| Q3 2020 | 2020-09-30 | $11.99B | −$112.0M | −0.93% |
| Q2 2020 | 2020-06-30 | $12.34B | $82.0M | +0.67% |
| Q1 2020 | 2020-03-31 | $11.87B | −$522.0M | −4.21% |
| Q4 2019 | 2019-12-31 | $11.83B | $603.0M | +5.37% |
| Q3 2019 | 2019-09-30 | $12.10B | $1.13B | +10.27% |
| Q2 2019 | 2019-06-30 | $12.26B | $1.14B | +10.26% |
| Q1 2019 | 2019-03-31 | $12.39B | $1.11B | +9.82% |
| Q4 2018 | 2018-12-31 | $11.23B | $201.0M | +1.82% |
| Q3 2018 | 2018-09-30 | $10.97B | $2.95B | +36.72% |
| Q2 2018 | 2018-06-30 | $11.12B | $3.02B | +37.29% |
| Q1 2018 | 2018-03-31 | $11.28B | $2.35B | +26.34% |
| Q4 2017 | 2017-12-31 | $11.03B | $3.74B | +51.32% |
| Q3 2017 | 2017-09-30 | $8.03B | $525.9M | +7.01% |
| Q2 2017 | 2017-06-30 | $8.10B | $326.3M | +4.20% |
| Q1 2017 | 2017-03-31 | $8.93B | $1.00B | +12.68% |
| Q4 2016 | 2016-12-31 | $7.29B | −$647.3M | −8.16% |
| Q3 2016 | 2016-09-30 | $7.50B | −$263.7M | −3.40% |
| Q2 2016 | 2016-06-30 | $7.77B | −$399.6M | −4.89% |
| Q1 2016 | 2016-03-31 | $7.93B | −$214.7M | −2.64% |
| Q4 2015 | 2015-12-31 | $7.93B | −$462.0M | −5.50% |
| Q3 2015 | 2015-09-30 | $7.76B | — | — |
| Q2 2015 | 2015-06-30 | $8.17B | — | — |
| Q1 2015 | 2015-03-31 | $8.14B | — | — |
| Q4 2014 | 2014-12-31 | $8.40B | $6.15B | +273.13% |
| Q4 2013 | 2013-12-31 | $2.25B | — | — |
Restaurant Brands International Limited Partnership net debt trends
Over the last five fiscal years, Restaurant Brands International Limited Partnership's net debt increased from $12.48B to $14.52B, a change of $2.03B. The latest reported quarter, Q2 2026, shows $14.59B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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