Is it safe?
Can QSR take a bad year?
Restaurant Brands International Inc. carries $12.2B of net debt at 4.18× EBITDA: a heavy load to carry through a bad year.
$12.2B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.18×
Net debt / EBITDA · 5.17× a year ago · the load is coming down
- Altman Z-score
- 1.73
Altman Z-score · distress zone, below 1.8
- Debt / equity
- 3.44×
Debt / equity
Details›
- Total debtQ2 2026
- $13.3B
- Cash and short-term investments
- $1.06B
- Net debt
- $12.2B
- EBITDA, trailing twelve months
- $2.91B
- Operating profit, trailing twelve months
- $2.61B
- Debt / equity
- 3.44×
- Total debt / EBITDA
- 4.55×
- Annualised volatilitytwo years of daily moves
- 23%
- Worst drawdown on file
- −63%
- Below its 52-week high
- −2.8%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.