TH International annual net debt
2021
2022
2023
2024
2025
TH International Net Debt Growth & History (THCH)
TH International's net debt was ¥694.4M for fiscal 2025.
View full TH International company overviewTH International annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | ¥694.4M | −¥190.4M | −21.52% |
| 2024 | 2024-12-31 | ¥884.8M | −¥310.7M | −25.99% |
| 2023 | 2023-12-31 | ¥1.20B | −¥3.7M | −0.31% |
| 2022 | 2022-12-31 | ¥1.20B | ¥1.39B | — |
| 2021 | 2021-12-31 | −¥186.9M | — | — |
TH International quarterly net debt
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | ¥1.87B | ¥183.9M | +10.91% |
| Q1 2026 | 2026-03-31 | ¥1.84B | ¥169.2M | +10.12% |
| Q4 2025 | 2025-12-31 | ¥694.4M | −¥190.4M | −21.52% |
| Q3 2025 | 2025-09-30 | ¥1.67B | — | — |
| Q2 2025 | 2025-06-30 | ¥1.69B | — | — |
| Q1 2025 | 2025-03-31 | ¥1.67B | — | — |
| Q4 2024 | 2024-12-31 | ¥884.8M | −¥310.7M | −25.99% |
| Q4 2023 | 2023-12-31 | ¥1.20B | −¥3.7M | −0.31% |
| Q4 2022 | 2022-12-31 | ¥1.20B | ¥1.39B | — |
| Q4 2021 | 2021-12-31 | −¥186.9M | — | — |
TH International net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, TH International's net debt increased from −¥186.9M to ¥694.4M, a change of ¥881.3M. The latest reported quarter, Q2 2026, shows ¥1.87B.
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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