Restaurant Brands International Limited Partnership (QSP-UN) — Working Capital to Net Assets Ratio
Restaurant Brands International Limited Partnership (QSP-UN) has a Working Capital to Net Assets ratio of -0.5% as of March 2026. Working capital of CA$-24.00 Million (current assets of CA$2.15 Billion minus current liabilities of CA$2.18 Billion) is measured against net assets of CA$5.29 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See QSP-UN equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Restaurant Brands International Limited Partnership Working Capital to Net Assets (2012–2025)
This chart shows how Restaurant Brands International Limited Partnership's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at -0.5%, reflecting working capital of CA$-24.00 Million against net assets of CA$5.29 Billion CAD. Check tangible net worth ratio of Restaurant Brands International Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Restaurant Brands International Limited Partnership (2012–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Restaurant Brands International Limited Partnership from 2012 to 2025, covering 14 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Restaurant Brands International Limited (QSP-UN) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -1.2% | CA$-61.00 Million | CA$5.16 Billion | CA$2.83 Billion | CA$2.89 Billion | ▲ +0.5 pp |
| 2024 | -1.7% | CA$-82.00 Million | CA$4.84 Billion | CA$2.28 Billion | CA$2.36 Billion | ▼ -2.3 pp |
| 2023 | 0.6% | CA$29.00 Million | CA$4.73 Billion | CA$2.17 Billion | CA$2.14 Billion | ▲ +2.2 pp |
| 2022 | -1.6% | CA$-68.00 Million | CA$4.27 Billion | CA$2.05 Billion | CA$2.12 Billion | ▲ +0.0 pp |
| 2021 | -1.6% | CA$-62.00 Million | CA$3.85 Billion | CA$1.82 Billion | CA$1.88 Billion | ▼ -19.4 pp |
| 2020 | 17.8% | CA$663.00 Million | CA$3.72 Billion | CA$2.26 Billion | CA$1.60 Billion | ▲ +6.2 pp |
| 2019 | 11.6% | CA$493.00 Million | CA$4.26 Billion | CA$2.20 Billion | CA$1.70 Billion | ▲ +9.0 pp |
| 2018 | 2.5% | CA$92.00 Million | CA$3.62 Billion | CA$1.50 Billion | CA$1.41 Billion | ▲ +0.5 pp |
| 2017 | 2.1% | CA$95.00 Million | CA$4.56 Billion | CA$1.75 Billion | CA$1.66 Billion | ▼ -11.0 pp |
| 2016 | 13.1% | CA$886.30 Million | CA$6.79 Billion | CA$2.10 Billion | CA$1.21 Billion | ▲ +9.1 pp |
| 2015 | 4.0% | CA$248.50 Million | CA$6.21 Billion | CA$1.37 Billion | CA$1.12 Billion | ▼ -5.1 pp |
| 2014 | 9.1% | CA$695.00 Million | CA$7.63 Billion | CA$2.64 Billion | CA$1.95 Billion | ▼ -38.9 pp |
| 2013 | 48.0% | CA$728.40 Million | CA$1.52 Billion | CA$1.07 Billion | CA$346.00 Million | ▲ +6.1 pp |
| 2012 | 41.9% | CA$492.70 Million | CA$1.18 Billion | CA$890.50 Million | CA$397.80 Million | — |