Restaurant Free Cash Flow vs Depreciation Analysis

QSR Stock

CAD 97.59 0.91 0.94%

Restaurant Brands financial indicator trend analysis is much more than just breaking down Restaurant Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Restaurant Brands is a good investment. Please check the relationship between Restaurant Brands Free Cash Flow and its Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Restaurant Brands International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Restaurant Brands Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Restaurant Brands' Free Cash Flow and Depreciation is 0.89. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Restaurant Brands International, assuming nothing else is changed. The correlation between historical values of Restaurant Brands' Free Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Restaurant Brands International are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Restaurant Brands' Free Cash Flow and Depreciation go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Depreciation

Depreciation indicates how much of Restaurant Brands value has been used up. For tax purposes Restaurant Brands can deduct the cost of the tangible assets it purchases as business expenses. However, Restaurant Brands International must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Restaurant Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Restaurant Brands current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Restaurant Brands International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Restaurant Brands' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 18.12, while Selling General Administrative is likely to drop about 617.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	505M	533M	595M	489.1M
Depreciation And Amortization	201M	190M	191M	176M

Interest Expense Depreciation And Amortization

Restaurant Brands fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Other Liab
Total Assets		0.84	0.96	0.5	0.95	0.97	0.67	0.87	0.76	1.0	0.86	0.6	0.76	0.93	1.0	0.82	0.97	0.89	-0.73	-0.96	0.98	0.88	1.0	0.98	0.97	0.94
Other Current Liab	0.84		0.82	0.07	0.85	0.88	0.7	0.89	0.45	0.84	0.64	0.44	0.45	0.84	0.84	0.82	0.9	0.71	-0.36	-0.81	0.91	0.59	0.84	0.83	0.91	0.77
Total Current Liabilities	0.96	0.82		0.44	0.93	0.94	0.72	0.88	0.74	0.95	0.77	0.52	0.74	0.95	0.94	0.67	0.93	0.89	-0.56	-0.85	0.94	0.88	0.95	0.9	0.95	0.84
Total Stockholder Equity	0.5	0.07	0.44		0.38	0.34	0.03	0.21	0.61	0.49	0.53	0.62	0.61	0.36	0.48	0.28	0.31	0.56	-0.64	-0.5	0.31	0.62	0.49	0.51	0.29	0.41
Property Plant And Equipment Net	0.95	0.85	0.93	0.38		0.94	0.7	0.9	0.75	0.94	0.78	0.6	0.75	0.94	0.93	0.75	0.95	0.86	-0.59	-0.89	0.96	0.86	0.92	0.94	0.96	0.87
Net Debt	0.97	0.88	0.94	0.34	0.94		0.73	0.92	0.67	0.98	0.88	0.58	0.67	0.95	0.97	0.83	0.99	0.86	-0.65	-0.93	0.99	0.8	0.97	0.94	0.99	0.91
Retained Earnings	0.67	0.7	0.72	0.03	0.7	0.73		0.81	0.39	0.67	0.63	0.49	0.39	0.81	0.65	0.66	0.71	0.69	-0.26	-0.61	0.72	0.56	0.66	0.61	0.76	0.56
Accounts Payable	0.87	0.89	0.88	0.21	0.9	0.92	0.81		0.5	0.88	0.73	0.62	0.5	0.95	0.86	0.8	0.91	0.86	-0.41	-0.85	0.92	0.67	0.86	0.84	0.93	0.75
Cash	0.76	0.45	0.74	0.61	0.75	0.67	0.39	0.5		0.74	0.68	0.35	1.0	0.63	0.74	0.43	0.69	0.55	-0.73	-0.66	0.69	0.96	0.74	0.77	0.68	0.75
Non Current Assets Total	1.0	0.84	0.95	0.49	0.94	0.98	0.67	0.88	0.74		0.86	0.61	0.74	0.93	1.0	0.84	0.98	0.89	-0.72	-0.96	0.98	0.86	1.0	0.98	0.97	0.94
Non Currrent Assets Other	0.86	0.64	0.77	0.53	0.78	0.88	0.63	0.73	0.68	0.86		0.7	0.68	0.79	0.85	0.8	0.84	0.78	-0.82	-0.85	0.81	0.75	0.85	0.85	0.81	0.81
Other Assets	0.6	0.44	0.52	0.62	0.6	0.58	0.49	0.62	0.35	0.61	0.7		0.35	0.67	0.57	0.66	0.55	0.79	-0.44	-0.68	0.53	0.48	0.58	0.61	0.54	0.44
Cash And Short Term Investments	0.76	0.45	0.74	0.61	0.75	0.67	0.39	0.5	1.0	0.74	0.68	0.35		0.63	0.74	0.43	0.69	0.55	-0.73	-0.66	0.69	0.96	0.74	0.77	0.68	0.75
Net Receivables	0.93	0.84	0.95	0.36	0.94	0.95	0.81	0.95	0.63	0.93	0.79	0.67	0.63		0.92	0.76	0.94	0.94	-0.5	-0.87	0.94	0.81	0.92	0.89	0.96	0.81
Good Will	1.0	0.84	0.94	0.48	0.93	0.97	0.65	0.86	0.74	1.0	0.85	0.57	0.74	0.92		0.84	0.98	0.87	-0.74	-0.96	0.97	0.85	1.0	0.98	0.97	0.96
Common Stock Shares Outstanding	0.82	0.82	0.67	0.28	0.75	0.83	0.66	0.8	0.43	0.84	0.8	0.66	0.43	0.76	0.84		0.85	0.72	-0.66	-0.92	0.83	0.53	0.83	0.86	0.82	0.83
Non Current Liabilities Total	0.97	0.9	0.93	0.31	0.95	0.99	0.71	0.91	0.69	0.98	0.84	0.55	0.69	0.94	0.98	0.85		0.84	-0.66	-0.94	1.0	0.8	0.97	0.96	0.99	0.94
Inventory	0.89	0.71	0.89	0.56	0.86	0.86	0.69	0.86	0.55	0.89	0.78	0.79	0.55	0.94	0.87	0.72	0.84		-0.52	-0.85	0.84	0.74	0.87	0.84	0.85	0.73
Other Current Assets	-0.73	-0.36	-0.56	-0.64	-0.59	-0.65	-0.26	-0.41	-0.73	-0.72	-0.82	-0.44	-0.73	-0.5	-0.74	-0.66	-0.66	-0.52		0.76	-0.63	-0.69	-0.73	-0.77	-0.6	-0.82
Other Stockholder Equity	-0.96	-0.81	-0.85	-0.5	-0.89	-0.93	-0.61	-0.85	-0.66	-0.96	-0.85	-0.68	-0.66	-0.87	-0.96	-0.92	-0.94	-0.85	0.76		-0.93	-0.76	-0.96	-0.97	-0.92	-0.94
Total Liab	0.98	0.91	0.94	0.31	0.96	0.99	0.72	0.92	0.69	0.98	0.81	0.53	0.69	0.94	0.97	0.83	1.0	0.84	-0.63	-0.93		0.81	0.97	0.96	1.0	0.93
Total Current Assets	0.88	0.59	0.88	0.62	0.86	0.8	0.56	0.67	0.96	0.86	0.75	0.48	0.96	0.81	0.85	0.53	0.8	0.74	-0.69	-0.76	0.81		0.85	0.85	0.81	0.8
Intangible Assets	1.0	0.84	0.95	0.49	0.92	0.97	0.66	0.86	0.74	1.0	0.85	0.58	0.74	0.92	1.0	0.83	0.97	0.87	-0.73	-0.96	0.97	0.85		0.98	0.96	0.95
Common Stock	0.98	0.83	0.9	0.51	0.94	0.94	0.61	0.84	0.77	0.98	0.85	0.61	0.77	0.89	0.98	0.86	0.96	0.84	-0.77	-0.97	0.96	0.85	0.98		0.94	0.96
Short Long Term Debt Total	0.97	0.91	0.95	0.29	0.96	0.99	0.76	0.93	0.68	0.97	0.81	0.54	0.68	0.96	0.97	0.82	0.99	0.85	-0.6	-0.92	1.0	0.81	0.96	0.94		0.91
Other Liab	0.94	0.77	0.84	0.41	0.87	0.91	0.56	0.75	0.75	0.94	0.81	0.44	0.75	0.81	0.96	0.83	0.94	0.73	-0.82	-0.94	0.93	0.8	0.95	0.96	0.91

Click cells to compare fundamentals

Restaurant Brands Account Relationship Matchups

Restaurant Brands fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.4B	22.8B	23.2B	22.7B	23.4B	20.7B
Other Current Liab	790M	835M	947M	1.0B	781M	727.8M
Total Current Liabilities	1.7B	1.6B	1.9B	2.1B	2.1B	1.6B
Total Stockholder Equity	2.5B	2.2B	2.2B	2.5B	2.9B	2.2B
Net Debt	11.7B	12.3B	13.3B	13.1B	13.4B	10.2B
Retained Earnings	775M	622M	791M	1.1B	1.6B	1.7B
Accounts Payable	644M	464M	614M	758M	790M	481.3M
Cash	1.5B	1.6B	1.1B	1.2B	1.1B	1.3B
Non Current Assets Total	20.2B	20.5B	21.4B	20.7B	21.2B	18.7B
Non Currrent Assets Other	767M	890M	842M	987M	1.3B	1.3B
Other Assets	494M	685M	648M	820M	943M	649.2M
Cash And Short Term Investments	1.5B	1.6B	1.1B	1.2B	1.1B	1.3B
Net Receivables	527M	536M	547M	614M	749M	504.5M
Good Will	5.7B	5.7B	6.0B	5.7B	5.8B	5.1B
Common Stock Shares Outstanding	469M	468M	464M	455M	456M	483.8M
Non Current Liabilities Total	16.4B	17.5B	17.5B	16.4B	16.5B	14.2B
Inventory	75M	84M	96M	133M	166M	95.2M
Other Current Assets	52M	72M	86M	123M	119M	68.8M
Other Stockholder Equity	(763M)	(854M)	(710M)	(679M)	(611.1M)	(580.5M)
Total Liab	18.1B	19.1B	19.4B	18.5B	18.7B	15.9B
Total Current Assets	2.2B	2.3B	1.8B	2.0B	2.2B	2.0B
Intangible Assets	10.6B	10.7B	11.4B	11.0B	11.1B	10.2B
Common Stock	2.5B	2.4B	2.2B	2.1B	2.0B	1.9B
Short Long Term Debt Total	13.2B	13.9B	14.4B	14.3B	14.5B	12.5B
Other Liab	3.1B	3.2B	3.0B	2.2B	2.5B	2.8B
Net Tangible Assets	(13.7B)	(14.3B)	(15.2B)	(14.2B)	(12.8B)	(13.4B)
Current Deferred Revenue	168M	191M	221M	230M	325M	212.4M
Long Term Debt	11.8B	12.4B	12.9B	12.8B	12.9B	11.5B
Common Stock Total Equity	2.1B	1.7B	2.5B	2.4B	2.8B	2.0B
Liabilities And Stockholders Equity	22.4B	22.8B	23.2B	22.7B	23.4B	22.1B
Short Long Term Debt	91M	101M	111M	96M	127M	96.0M
Accumulated Other Comprehensive Income	(763M)	(854M)	(710M)	(679M)	(706M)	(741.3M)
Short Term Debt	101M	111M	96M	127M	248M	160.9M
Long Term Debt Total	12.0B	12.0B	12.7B	13.2B	15.2B	12.5B
Capital Lease Obligations	1.5B	1.4B	1.4B	1.3B	1.6B	1.1B

Pair Trading with Restaurant Brands

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Restaurant Brands position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Restaurant Brands will appreciate offsetting losses from the drop in the long position's value.

Moving together with Restaurant Stock

0.78	CEF	Sprott Physical Gold	Pair Corr
0.64	PVF-UN	Partners Value Inves	Pair Corr

Moving against Restaurant Stock

0.49

SLF-PG

Sun Life Non

Pair Corr

The ability to find closely correlated positions to Restaurant Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Restaurant Brands when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Restaurant Brands - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Restaurant Brands International to buy it.

The correlation of Restaurant Brands is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Restaurant Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Restaurant Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Restaurant Brands can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Restaurant Brands is a strong investment it is important to analyze Restaurant Brands' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Restaurant Brands' future performance. For an informed investment choice regarding Restaurant Stock, refer to the following important reports:

How To Invest In Restaurant

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Is Restaurant Stock a good investment?

Details

What is Restaurant Brands' Net Worth?

Details

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Restaurant Brands International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Please note, there is a significant difference between Restaurant Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Restaurant Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Restaurant Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Restaurant Free Cash Flow vs Depreciation Analysis

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow

Depreciation

Restaurant Brands fundamental ratios Correlations

Restaurant Brands Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Restaurant Brands fundamental ratios Accounts

Pair Trading with Restaurant Brands

Moving together with Restaurant Stock

Moving against Restaurant Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Intangible Assets	+ 1.0	Non Current Assets Total

Common Stock	- 0.97	Other Stockholder Equity
Intangible Assets	- 0.96	Other Stockholder Equity
Other Stockholder Equity	- 0.96	Good Will
Other Stockholder Equity	- 0.96	Non Current Assets Total
Other Stockholder Equity	- 0.96	Total Assets
Other Liab	- 0.94	Other Stockholder Equity