TH International (THCH) Debt Ratio (2021 - 2025)

TH International (THCH) has reported Debt Ratio for 5 consecutive years, with 0.01 the latest figure, recorded in Q4 2025.

• In Q4 2025, Debt Ratio fell 56.66% year-over-year to 0.01; the TTM figure through Dec 2025 stood at 0.01 (down 56.66% YoY), while the FY2025 annual figure was 0.01, down 56.66% from the prior year.
• Debt Ratio fell to 0.01 in Q4 2025 per THCH's latest filing, from 0.03 in the prior quarter.
• Across five years, Debt Ratio topped out at 0.1 in Q1 2024 and bottomed at 0.01 in Q4 2022.
• Historically, Debt Ratio has averaged 0.04 across 5 years, with a median of 0.03 in 2023.
• Annual changes were most pronounced in 2023 — Debt Ratio soared 320.56% — and 2025, when it plunged 56.66%.
• TH International's Debt Ratio stood at 0.02 in 2021, then plunged by 41.43% to 0.01 in 2022, then jumped by 320.56% to 0.05 in 2023, then slumped by 31.44% to 0.03 in 2024, then slumped by 56.66% to 0.01 in 2025.
• Business Quant data shows THCH's Debt Ratio at 0.01 in Q4 2025, 0.03 in Q4 2024, and 0.1 in Q1 2024.