Restaurant Brands International Inc. (QSR) quarterly balance sheet — complete assets, liabilities & equity history
Restaurant Brands International Inc. (QSR) balance sheet — 14-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 2.34B | 2.15B | 2.83B | 3.02B | 2.79B | 2.53B | 2.28B | 2.25B | 2.03B | 2.07B | 2.17B | 2.38B | 2.19B | 1.89B | 2.05B | 1.92B | 1.57B | 1.69B | 1.82B | 2.58B |
| Cash & Short-Term Investments | 1.06B | 1.01B | 1.16B | 1.21B | 1.03B | 899M | 1.33B | 1.18B | 942M | 1.05B | 1.14B | 1.31B | 1.21B | 1.03B | 1.18B | 946M | 838M | 895M | 1.09B | 1.77B |
| Cash Only | 1.06B | 1.01B | 1.16B | 1.21B | 1.03B | 899M | 1.33B | 1.18B | 942M | 1.05B | 1.14B | 1.31B | 1.21B | 1.03B | 1.18B | 946M | 838M | 895M | 1.09B | 1.77B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 800M | 767M | 794M | 761M | 778M | 677M | 698M | 693M | 737M | 749M | 749M | 692M | 639M | 612M | 614M | 598M | 551M | 593M | 547M | 537M |
| Days Sales Outstanding | 28.29 | 31.03 | 29.01 | 28.91 | 27.47 | 29.34 | 27.87 | 28.71 | 32.51 | 39.19 | 36.42 | 33.33 | 32.07 | 34.7 | 33.01 | 30.62 | 31.76 | 35.35 | 32.25 | 32.98 |
| Inventory | 224M | 203M | 205M | 216M | 167M | 159M | 142M | 169M | 160M | 152M | 166M | 160M | 171M | 145M | 133M | 129M | 114M | 108M | 96M | 96M |
| Days Inventory Outstanding | 11.77 | 16.11 | 14.97 | 13.94 | 9.3 | 9.64 | 9.22 | 10.14 | 10.97 | 13.87 | 13.07 | 14.16 | 13.64 | 13.25 | 11.59 | 10.87 | 10.43 | 10.54 | 9.66 | 10.48 |
| Other Current Assets | 256M | 172M | 668M | 832M | 817M | 795M | 108M | 217M | 190.7M | 118.87M | 119M | 221M | 167M | 103M | 123M | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 22.68B | 22.73B | 22.79B | 22.65B | 22.9B | 22.35B | 22.35B | 22.82B | 22.82B | 21.05B | 21.22B | 20.69B | 20.94B | 20.63B | 20.7B | 20.63B | 21.19B | 21.49B | 21.43B | 20.34B |
| Property, Plant & Equipment | 4.19B | 4.23B | 4.26B | 4.17B | 4.15B | 4.08B | 4.09B | 4.1B | 4.09B | 3.07B | 3.07B | 2.96B | 3.05B | 3.02B | 3.03B | 2.97B | 3.1B | 3.16B | 3.17B | 3.13B |
| Fixed Asset Turnover | 0.60x | 0.53x | 0.58x | 0.59x | 0.59x | 0.52x | 0.56x | 0.56x | 0.58x | 0.57x | 0.60x | 0.61x | 0.58x | 0.53x | 0.56x | 0.57x | 0.52x | 0.46x | 0.49x | 0.47x |
| Goodwill | 6.18B | 6.25B | 6.31B | 6.22B | 6.3B | 6.1B | 5.99B | 6.19B | 6.14B | 5.7B | 5.78B | 5.68B | 5.77B | 5.7B | 5.69B | 5.61B | 5.87B | 6.05B | 6.01B | 5.74B |
| Intangible Assets | 10.95B | 11.08B | 11.19B | 11.13B | 11.28B | 10.93B | 10.92B | 11.35B | 11.27B | 10.97B | 11.11B | 10.95B | 11.12B | 11.01B | 10.99B | 10.83B | 11.3B | 11.45B | 11.42B | 10.65B |
| Long-Term Investments | 0 | 280M | 169M | 184M | 214M | 310M | 390M | 239M | 403M | 417M | 360M | 580M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.36B | 883M | 856M | 952M | 954M | 931M | 964M | 944M | 920.25M | 896.44M | 902M | 523M | 1B | 910M | 987M | 1.23B | 927M | 825M | 842M | 818M |
| Total Assets | 25.02B | 24.88B | 25.61B | 25.67B | 25.69B | 24.88B | 24.63B | 25.07B | 24.85B | 23.12B | 23.39B | 23.08B | 23.13B | 22.53B | 22.75B | 22.56B | 22.75B | 23.17B | 23.25B | 22.93B |
| Asset Turnover | 0.10x | 0.09x | 0.10x | 0.10x | 0.10x | 0.09x | 0.09x | 0.09x | 0.09x | 0.07x | 0.08x | 0.08x | 0.08x | 0.07x | 0.07x | 0.08x | 0.07x | 0.06x | 0.07x | 0.06x |
| Asset Growth % | -2.59% | -0% | 3.99% | 2.39% | 3.39% | 7.61% | 5.31% | 8.64% | 7.4% | 2.64% | 2.84% | 2.31% | 1.67% | -2.79% | -2.15% | -1.62% | -2.1% | 1.38% | 2.06% | 1.75% |
| Total Current Liabilities | 2.31B | 2.18B | 2.89B | 2.85B | 2.75B | 2.63B | 2.36B | 2.21B | 2.62B | 1.92B | 2.14B | 2.07B | 2.02B | 1.88B | 2.12B | 1.92B | 1.76B | 1.83B | 1.88B | 1.75B |
| Accounts Payable | 884M | 813M | 866M | 826M | 763M | 697M | 765M | 754M | 720M | 734M | 790M | 693M | 735M | 679M | 758M | 696M | 705M | 637M | 614M | 592M |
| Days Payables Outstanding | 46.77 | 66.28 | 60.15 | 57.83 | 41.65 | 46.83 | 45.02 | 45.41 | 51.13 | 66.48 | 59.48 | 61.11 | 61.04 | 68.5 | 64.31 | 62.69 | 63.08 | 64.63 | 60.7 | 62.71 |
| Short-Term Debt | 294M | 286M | 268M | 316M | 221M | 218M | 222M | 126M | 617M | 110M | 101M | 87M | 132M | 128M | 127M | 86M | 112M | 105M | 96M | 113M |
| Deferred Revenue (Current) | 78M | 89M | 77M | 94M | 266M | 249M | 307M | 256M | 255M | 271M | 325M | 245M | 251M | 229M | 273M | 205M | 210M | 214M | 269M | 188M |
| Other Current Liabilities | 757M | 778M | 1.34B | 1.25B | 589M | 619M | 159M | 149M | 142M | 83M | 165M | 126M | 106M | 84M | 153M | 110M | 87M | 137M | 189M | 94M |
| Current Ratio | 1.01x | 0.99x | 0.98x | 1.06x | 1.01x | 0.96x | 0.97x | 1.02x | 0.78x | 1.08x | 1.01x | 1.15x | 1.09x | 1.01x | 0.97x | 1.00x | 0.89x | 0.92x | 0.97x | 1.47x |
| Quick Ratio | 0.92x | 0.90x | 0.91x | 0.98x | 0.95x | 0.90x | 0.91x | 0.94x | 0.71x | 1.00x | 0.94x | 1.07x | 1.00x | 0.93x | 0.91x | 0.93x | 0.82x | 0.86x | 0.92x | 1.42x |
| Cash Conversion Cycle | -6.71 | -19.14 | -16.18 | -14.98 | -4.88 | -7.85 | -7.94 | -6.57 | -7.65 | -13.42 | -9.98 | -13.61 | -15.33 | -20.55 | -19.71 | -21.19 | -20.89 | -18.74 | -18.78 | -19.25 |
| Total Non-Current Liabilities | 17.31B | 17.41B | 17.57B | 17.66B | 17.84B | 17.43B | 17.43B | 17.82B | 17.28B | 16.39B | 16.52B | 16.34B | 16.44B | 16.33B | 16.36B | 16.6B | 17.08B | 17.38B | 17.52B | 17.07B |
| Long-Term Debt | 13.21B | 13.23B | 15.15B | 13.41B | 13.43B | 13.44B | 13.46B | 13.57B | 13.09B | 12.83B | 12.85B | 12.86B | 12.8B | 12.82B | 12.84B | 12.85B | 12.88B | 12.9B | 12.92B | 12.38B |
| Capital Lease Obligations | 2.15B | 2.17B | 2.16B | 2.11B | 2.15B | 2.09B | 2.09B | 2.11B | 2.11B | 1.42B | 1.41B | 1.35B | 1.4B | 1.38B | 1.39B | 1.36B | 1.44B | 1.47B | 1.47B | 1.45B |
| Deferred Tax Liabilities | 1.06B | 1.08B | 1.12B | 1.15B | 1.21B | 1.19B | 1.21B | 1.24B | 1.3B | 1.31B | 1.3B | 1.31B | 1.33B | 1.29B | 1.31B | 1.39B | 1.34B | 1.38B | 1.37B | 1.41B |
| Other Non-Current Liabilities | 906M | 381M | -1.43B | 410M | 491M | 141M | 105M | 316M | 207M | 216M | 342M | 229M | 324M | 251M | 238M | 433M | 849M | 1.04B | 1.19B | 1.27B |
| Total Liabilities | 19.63B | 19.59B | 20.46B | 20.5B | 20.6B | 20.06B | 19.79B | 20.03B | 19.9B | 18.31B | 18.66B | 18.41B | 18.45B | 18.21B | 18.48B | 18.52B | 18.84B | 19.21B | 19.39B | 18.82B |
| Total Debt | 15.65B | 15.68B | 17.58B | 15.84B | 16B | 15.95B | 15.96B | 16.01B | 16B | 14.51B | 14.52B | 14.44B | 14.47B | 14.46B | 14.49B | 14.47B | 14.57B | 14.63B | 14.62B | 14.08B |
| Net Debt | 14.59B | 14.67B | 16.42B | 14.64B | 14.97B | 15.05B | 14.62B | 14.83B | 15.06B | 13.46B | 13.38B | 13.13B | 13.26B | 13.43B | 13.31B | 13.52B | 13.73B | 13.73B | 13.53B | 12.31B |
| Debt / Equity | 2.90x | 2.96x | 3.41x | 3.07x | 3.14x | 3.31x | 3.29x | 3.18x | 3.23x | 3.00x | 3.07x | 3.10x | 3.09x | 3.36x | 3.40x | 3.58x | 3.73x | 3.69x | 3.79x | 3.43x |
| Debt / EBITDA | 20.17x | 22.76x | 24.31x | 21.15x | 28.56x | 31.51x | 22.41x | 24.40x | 22.16x | 24.47x | 28.08x | 22.96x | 24.00x | 29.34x | 36.87x | 23.84x | 24.74x | 29.31x | 31.31x | 24.15x |
| Net Debt / EBITDA | 18.80x | 21.29x | 22.71x | 19.54x | 26.73x | 29.74x | 20.54x | 22.61x | 20.86x | 22.70x | 25.87x | 20.87x | 21.99x | 27.24x | 33.88x | 22.28x | 23.32x | 27.52x | 28.98x | 21.11x |
| Interest Coverage | 4.21x | 3.54x | 4.95x | 30.67x | 2.58x | 2.35x | 3.29x | 2.81x | 3.11x | 2.75x | 2.34x | 2.93x | 2.93x | 2.50x | 2.02x | 3.86x | 4.50x | 4.06x | 3.87x | 4.73x |
| Total Equity | 5.39B | 5.29B | 5.16B | 5.17B | 5.09B | 4.82B | 4.84B | 5.04B | 4.95B | 4.83B | 4.73B | 4.66B | 4.68B | 4.31B | 4.27B | 4.04B | 3.91B | 3.96B | 3.85B | 4.11B |
| Equity Growth % | 5.99% | 9.68% | 6.52% | 2.5% | 2.82% | -0.12% | 2.39% | 8.04% | 5.82% | 12.04% | 10.82% | 15.47% | 19.67% | 8.84% | 10.77% | -1.68% | -8.22% | -1.02% | 3.55% | 4.93% |
| Book Value per Share | 11.73 | 11.53 | 11.29 | 11.30 | 11.14 | 10.58 | 10.64 | 11.10 | 10.93 | 10.66 | 10.44 | 10.16 | 10.21 | 9.45 | 9.38 | 8.90 | 8.59 | 8.65 | 8.34 | 8.83 |
| Total Shareholders' Equity | 3.85B | 3.74B | 3.63B | 3.38B | 3.32B | 3.12B | 3.11B | 3.24B | 3.07B | 2.97B | 2.87B | 2.91B | 2.85B | 2.58B | 2.5B | 2.31B | 2.21B | 2.29B | 2.24B | 2.52B |
| Common Stock | 2.87B | 2.9B | 2.86B | 2.5B | 2.47B | 2.43B | 2.36B | 2.3B | 2.14B | 2.08B | 1.97B | 2.27B | 2.25B | 2.16B | 2.06B | 1.96B | 1.93B | 2.06B | 2.16B | 2.49B |
| Retained Earnings | 2.18B | 1.9B | 1.79B | 1.9B | 1.79B | 1.81B | 1.86B | 1.79B | 1.73B | 1.64B | 1.6B | 1.27B | 1.2B | 1.13B | 1.12B | 1.06B | 871M | 804M | 791M | 779M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.2B | -1.06B | -1.02B | -1.02B | -946M | -1.13B | -1.11B | -858M | -804M | -747M | -706M | -627M | -591M | -716M | -679M | -713M | -586M | -573M | -710M | -753M |
| Minority Interest | 1.54B | 1.55B | 1.52B | 1.78B | 1.77B | 1.71B | 1.73B | 1.8B | 1.88B | 1.86B | 1.86B | 1.76B | 1.82B | 1.74B | 1.77B | 1.73B | 1.7B | 1.67B | 1.62B | 1.59B |