Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
The balance-sheet series (excluding the 2025 row of zeros, which appears to be missing data) shows total assets moving from $5,966m in 2021 to $6,727m in 2024 — a net increase of about 12.7% after a dip in 2022. Total liabilities are large and relatively stable, rising slightly from $14,339m in 2021 to $14,375m in 2024 (essentially flat, +0.3%), with a peak in 2022 and a modest reduction in 2023 before a small uptick in 2024. Because liabilities substantially exceed assets throughout the period, reported stockholders’ equity is deeply negative: it worsened to -$8,876m in 2022 then improved to -$7,648m by 2024 (an improvement of about $725m or ~8.7% from 2021 to 2024). The persistence of negative equity means the company’s balance sheet is highly leveraged (liabilities/assets ratios falling from ~2.52 in 2022 to ~2.14 in 2024 but still well above 1.0). For a franchisor-heavy restaurant company like Yum! Brands, a relatively low asset base combined with large contractual liabilities (leases, long-term debt or other obligations) can produce this profile without immediate operational distress, provided cash flows and franchise royalties remain strong. Nonetheless, negative equity reduces financial flexibility, can increase borrowing costs, and merits monitoring—especially if liabilities grow or asset recovery stalls. Finally, confirm the 2025 figures, as the zeros are likely placeholder/missing data and should not be used for trend analysis.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.