What was the non-current portion of Benjamin Franklin Plumbing's operating lease liabilities for Benjamin Franklin Plumbing in 2024?

According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the non-current portion of their operating lease liabilities was $10,396 in 2024. This figure represents the portion of the operating lease liabilities that Benjamin Franklin Plumbing does not expect to pay within the upcoming year, reflecting longer-term lease commitments.

For a prospective franchisee, understanding the breakdown between current and non-current operating lease liabilities is crucial for assessing the long-term financial obligations associated with leasing property or equipment for the Benjamin Franklin Plumbing business. The non-current portion indicates the extent of lease commitments extending beyond the next year, which can impact long-term financial planning and capital allocation.

It's also useful to compare these figures with those of previous years, such as the $11,077 reported for 2023, to identify trends in Benjamin Franklin Plumbing's leasing strategy and overall financial health. Significant fluctuations in these liabilities could signal changes in the company's operational footprint or financial management practices. Reviewing these figures in the context of the broader financial statements provides a more comprehensive understanding of the company's financial position.