What was the current portion of operating lease liabilities for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Operating lease-related assets and liabilities recorded on the consolidated balance sheet are as follows: | 2024 | 2023 |
|---|---|---|
| Assets | ||
| ROU assets | $71,994 | $61,507 |
| Accumulated amortization | (14,233) | (9,460) |
| Operating lease ROU assets | $57,761 2024 | $52,047 2023 |
| Liabilities | ||
| Current portion of operating lease liabilities | $6,359 | $5,582 |
| Operating lease liabilities, less current portion | 53,596 | 48,345 |
| Total operating lease liabilities | $59,955 | $53,927 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the current portion of operating lease liabilities for the company in 2024 was $6,359. This figure represents the amount of operating lease liabilities due within the next year, reflecting the company's short-term obligations related to leased properties or equipment.
For a prospective franchisee, understanding the current portion of operating lease liabilities is crucial because it provides insight into the company's immediate financial obligations. This information can help franchisees assess the financial stability of Batteries Plus Bulbs and understand how lease obligations are managed. It's also important to note that operating leases are distinct from finance leases, which have separate liability reporting.
In 2024, the total operating lease liabilities for Batteries Plus Bulbs amounted to $59,955, with $6,359 classified as the current portion and $53,596 as the non-current portion. This breakdown helps in evaluating the long-term lease commitments of the company. Franchisees should consider these figures in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and its ability to meet its obligations.