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

TH International's (THCH) quarterly Debt Ratio came in at 0.01 in Q4 2025, down 56.66% year-on-year from 0.03 in Q4 2024, and down 56.66% on a QoQ basis from 0.03 in Q4 2024.

TH International (THCH) Debt Ratio (2021 - 2025) Analysis & Trends

TH International (THCH) has 5 years of Debt Ratio data on file, last reported at 0.01 in Q4 2025.

  • On a quarterly basis, Debt Ratio fell 56.66% year-over-year to 0.01 in Q4 2025; TTM through Dec 2025 was 0.01, a 56.66% decrease from a year earlier, with the FY2025 full-year figure at 0.01, down 56.66% from the prior year.
  • Debt Ratio for Q4 2025 stood at 0.01, down from 0.03 in the prior quarter.
  • Over the last five years, Debt Ratio for THCH reached as high as 0.1 in Q1 2024 and fell as low as 0.01 in Q4 2022.
  • Historically, Debt Ratio has averaged 0.04 across 5 years, with a median of 0.03 in 2023.
  • Across the five-year window, Debt Ratio jumped 320.56% in 2023 and slumped 56.66% in 2025, its largest moves.
  • Year by year, Debt Ratio stood at 0.02 in 2021, then plunged by 41.43% to 0.01 in 2022, then soared 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.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.01 in Q4 2025, 0.03 in Q4 2024, and 0.1 in Q1 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 0.49
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn -
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn 1.46
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn 0.53
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn 0.18
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 0.00
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 0.01
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 2.77
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 0.07
10 TH International 35.21 Mn 19.06 Mn 32.43 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 0.01
Dec 31, 2024 0.03
Mar 31, 2024 0.10
Dec 31, 2023 0.05
Sep 30, 2023 0.03
Dec 31, 2022 0.01
Dec 31, 2021 0.02