What amount of interest did Browns Chicken pay during the year ended December 31, 2024?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Flows, cash equivalents include time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less.
| During the Year Ended December 31, 2024, | $ |
|---|---|
| The Company Paid Interest of | 12 |
| During the Year Ended December 31, 2024, | $ |
| The Company Paid Income Taxes of | 0 |
| During the Year |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the company paid $12 in interest during the year ended December 31, 2024. This is a notable decrease from the $155 in interest paid during the previous year, which ended December 31, 2023.
For a prospective franchisee, this information provides insight into Browns Chicken's debt management and financial obligations. A lower interest payment in 2024 may indicate improved financial health or successful debt reduction strategies. It's important to consider these figures in the context of Browns Chicken's overall financial performance, including revenues, expenses, and profitability.
Franchisees should investigate the reasons behind the decrease in interest payments. Understanding whether this change is due to paying off debt, renegotiating loan terms, or other factors can offer a clearer picture of Browns Chicken's financial stability and management practices. This information, combined with other financial metrics, can help potential franchisees assess the financial risks and opportunities associated with investing in a Browns Chicken franchise.