Restaurant Brands International LP (Restaurant Brands International LP) Interest Expense : $-606 Mil (TTM As of Mar. 2024)

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What is Restaurant Brands International LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Restaurant Brands International LP's interest expense for the three months ended in Mar. 2024 was $ -153 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-606 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Restaurant Brands International LP's Operating Income for the three months ended in Mar. 2024 was $ 526 Mil. Restaurant Brands International LP's Interest Expense for the three months ended in Mar. 2024 was $ -153 Mil. Restaurant Brands International LP's Interest Coverage for the quarter that ended in Mar. 2024 was 3.44. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Restaurant Brands International LP Interest Expense Historical Data

The historical data trend for Restaurant Brands International LP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Restaurant Brands International LP Interest Expense Chart

Restaurant Brands International LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-523.00

-491.00

-481.00

-512.00

-595.00

Restaurant Brands International LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-142.00	-147.00	-149.00	-157.00	-153.00

Restaurant Brands International LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-606 Mil.

Restaurant Brands International LP (OTCPK:RSTRF) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Restaurant Brands International LP's Interest Expense for the three months ended in Mar. 2024 was $-153 Mil. Its Operating Income for the three months ended in Mar. 2024 was $526 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $14,253 Mil.

Restaurant Brands International LP's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	526	/	-153
	=	3.44

The higher the ratio, the stronger the company's financial strength is.

Restaurant Brands International LP (Restaurant Brands International LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands International LP (OTCPK:RSTRF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

QSP.UN:Canada

Address

130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1

Website

https://www.rbi.com

Restaurant Brands International LP is a Canada-based firm. It owns, operates and franchises quick-service restaurants and possesses market recognition. It operates in three segments namely; Tim Hortons; Burger King; and Popeyes Louisiana Kitchen. Its business generates revenue from franchise revenues; property revenues from properties it leases or subleases to franchisees; and sales at restaurants owned by the company. In addition, the Tim Hortons business generates a vast majority of the revenue from sales to franchisees related to its supply chain operations, including manufacturing, procurement, warehousing, and distribution, as well as sales to retailers.

Executives

3g Capital Partners Ltd.	10 percent owner	600 THIRD AVENUE, NEW YORK NY 10016
3g Capital Partners Ii, L.p.	10 percent owner	600 THIRD AVENUE, NEW YORK NY 10016
3g Restaurant Brands Holdings General Partner Ltd.	10 percent owner	C/O 3G CAPITAL INC., 600 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10016
3g Restaurant Brands Holdings Lp	10 percent owner	C/O 3G CAPITAL INC., 600 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10016
3g Special Situations Fund Ii, L.p.	10 percent owner	C/O 3G CAPITAL, INC., 600 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10016
3g Special Situations Partners, Ltd.	10 percent owner	C/O 3G CAPITAL, INC., 600 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10016
Daniel S Schwartz	other: See Remarks	C/O BURGER KING HOLDINGS, 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Joshua Kobza	other: See Remarks	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Restaurant Brands International Inc.	other: See Remarks	130 KING STREET WEST, SUITE 300, TORONTO A6 M5X 1E1

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