Restaurant Brands International Limited Partnership (QSP-UN) — Tangible Net Worth Ratio
Restaurant Brands International Limited Partnership (QSP-UN) has a Tangible Net Worth Ratio of -109.4% as of March 2026. This metric is calculated by deducting intangible assets (CA$11.08 Billion) from net assets (CA$5.29 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Restaurant Brands International Limited book value and equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Restaurant Brands International Limited Partnership Tangible Net Worth Ratio (2012–2025)
This chart shows how Restaurant Brands International Limited Partnership's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at -109.4%, reflecting net assets of CA$5.29 Billion with intangible assets of CA$11.08 Billion CAD. Also explore QSP-UN year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Restaurant Brands International Limited Partnership (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Restaurant Brands International Limited Partnership from 2012 to 2025, covering 14 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see QSP-UN stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -116.9% | CA$5.16 Billion | CA$11.19 Billion | CA$25.61 Billion | ▲ +8.6 pp |
| 2024 | -125.5% | CA$4.84 Billion | CA$10.92 Billion | CA$24.63 Billion | ▲ +9.3 pp |
| 2023 | -134.8% | CA$4.73 Billion | CA$11.11 Billion | CA$23.39 Billion | ▲ +22.7 pp |
| 2022 | -157.5% | CA$4.27 Billion | CA$10.99 Billion | CA$22.75 Billion | ▲ +38.8 pp |
| 2021 | -196.3% | CA$3.85 Billion | CA$11.42 Billion | CA$23.25 Billion | ▼ -8.7 pp |
| 2020 | -187.6% | CA$3.72 Billion | CA$10.70 Billion | CA$22.78 Billion | ▼ -39.6 pp |
| 2019 | -148.0% | CA$4.26 Billion | CA$10.56 Billion | CA$22.36 Billion | ▲ +41.2 pp |
| 2018 | -189.2% | CA$3.62 Billion | CA$10.46 Billion | CA$20.14 Billion | ▼ -46.7 pp |
| 2017 | -142.5% | CA$4.56 Billion | CA$11.06 Billion | CA$21.22 Billion | ▼ -106.5 pp |
| 2016 | -36.0% | CA$6.79 Billion | CA$9.23 Billion | CA$19.12 Billion | ▲ +11.3 pp |
| 2015 | -47.3% | CA$6.21 Billion | CA$9.15 Billion | CA$18.41 Billion | ▼ -10.4 pp |
| 2014 | -36.9% | CA$7.63 Billion | CA$10.45 Billion | CA$21.34 Billion | ▲ +47.5 pp |
| 2013 | -84.4% | CA$1.52 Billion | CA$2.80 Billion | CA$5.83 Billion | ▲ +54.8 pp |
| 2012 | -139.3% | CA$1.18 Billion | CA$2.81 Billion | CA$5.56 Billion | — |