What was the total amount of non-current liabilities for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Finance lease liability, less current portion | 131 | - | |
|---|---|---|---|
| Contract termination | 172 | 268 | |
| Contract liability, less current portion | 7,319 | 7,211 | |
| Operating lease liabilities, less current portion | 48,345 | 44,755 | |
| Total non-current liabilities | 55,967 | 52,234 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the total non-current liabilities for the company in 2023 were $55,967. Non-current liabilities are obligations not expected to be settled within one year.
Specifically, these liabilities include items such as finance lease liability less the current portion which was $131, contract termination costs of $172, contract liability less the current portion amounting to $7,319, and operating lease liabilities less the current portion totaling $48,345.
Understanding the composition and amount of non-current liabilities is crucial for prospective franchisees as it provides insight into the long-term financial obligations of Batteries Plus Bulbs. This information, in conjunction with other financial statement data, helps potential franchisees assess the financial stability and overall risk associated with investing in a Batteries Plus Bulbs franchise.