TH International (THCH) Notes Payables (2021 - 2025)
TH International's (THCH) quarterly Notes Payables came in at $2.5 million in Q4 2025, down 63.35% year-on-year from $6.7 million in Q4 2024, and down 63.35% on a QoQ basis from $6.7 million in Q4 2024.
TH International (THCH) Notes Payables (2021 - 2025) Analysis & Trends
TH International (THCH) has 5 years of Notes Payables data on file, last reported at $2.5 million in Q4 2025.
- On a quarterly basis, Notes Payables fell 63.35% year-over-year to $2.5 million in Q4 2025; TTM through Dec 2025 was $2.5 million, a 63.35% decrease from a year earlier, with the FY2025 full-year figure at $2.4 million, down 63.81% from the prior year.
- Notes Payables for Q4 2025 stood at $2.5 million, down from $6.7 million in the prior quarter.
- Over the last five years, Notes Payables for THCH reached as high as $90.3 million in Q3 2023 and fell as low as $2.5 million in Q4 2025.
- Historically, Notes Payables has averaged $45.7 million across 5 years, with a median of $57.3 million in 2022.
- Across the five-year window, Notes Payables soared 90.88% in 2022 and sank 91.04% in 2024, its largest moves.
- Year by year, Notes Payables stood at $30.0 million in 2021, then surged by 90.88% to $57.3 million in 2022, then surged by 30.37% to $74.8 million in 2023, then sank by 91.04% to $6.7 million in 2024, then plunged by 63.35% to $2.5 million in 2025.
- Per Business Quant data, the three most recent Notes Payables figures were $2.5 million in Q4 2025, $6.7 million in Q4 2024, and $58.5 million in Q1 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn |
| 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 |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn |
| 10 | TH International | 35.21 Mn | 19.06 Mn | 32.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.46 Mn |
| Dec 31, 2024 | 6.70 Mn |
| Mar 31, 2024 | 58.54 Mn |
| Dec 31, 2023 | 74.75 Mn |
| Sep 30, 2023 | 90.32 Mn |
| Dec 31, 2022 | 57.34 Mn |
| Dec 31, 2021 | 30.04 Mn |