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Restaurant Brands Faces Debt Crisis Amid Kamala Harris' Relief Plan

1/10/2025

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Story summary
  • Restaurant Brands International carries a substantial debt of US$13.7 billion, with net debt at US$12.5 billion after cash reserves.
  • Significant liabilities may lead to shareholder dilution if capital raising is necessary.
  • The company's debt-to-EBITDA ratio stands at 5.0, while interest coverage remains strong at 3.8.
  • Vice President Kamala Harris announced a ruling to eliminate medical debt from credit reports, aiding over 15 million Americans.