What were the short-term social welfare liabilities for Bimbo Foods Bakeries Distribution in 2023?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Social welfare: | |||
| Short-term(a) | $1,419 | $1,189 | $1,462 |
| Long-term | 3,419 | 2,855 | 3,873 |
| $4,838 | $4,044 | $5,335 |
Source: Item 14 — Other Accounts Payable and Accrued Liabilities (FDD pages 312–476)
What This Means (2025 FDD)
According to Bimbo Foods Bakeries Distribution's 2025 Franchise Disclosure Document, the company's short-term social welfare liabilities in 2023 were $1,189. This figure represents the amount of social welfare obligations due within a year, reflecting the company's immediate financial responsibilities in this area.
Social welfare liabilities typically include obligations related to employee benefits, social security contributions, and other forms of social support mandated by law or company policy. These are considered current liabilities, meaning they are expected to be settled within the normal operating cycle or one year, whichever is longer.
For a prospective franchisee, understanding these liabilities provides insight into the financial health and stability of Bimbo Foods Bakeries Distribution. While franchisees are not directly responsible for these corporate-level liabilities, they reflect the overall financial management and obligations of the company, which can indirectly affect the franchise system's stability and resources.