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. Also explore Restaurant Brands International Limited (QSP-UN) equity growth momentum to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see QSP-UN company net worth.
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. Explore Restaurant Brands International Limited (QSP-UN) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |