What was the amount of Budget's short-term operating lease liabilities as of December 31, 2024?

According to Budget's 2025 Franchise Disclosure Document, the company's short-term operating lease liabilities totaled $628 as of December 31, 2024. This figure represents the financial obligations Budget had for leases expected to last one year or less. In comparison, the short-term operating lease liabilities as of December 31, 2023, were $576.

These liabilities are a part of Budget's overall financial structure, reflecting their leasing strategies for properties and equipment. For a potential franchisee, understanding these figures provides insight into how Budget manages its short-term lease obligations and how these obligations fit into the company's broader financial picture.

It's important to note that these short-term liabilities are distinct from long-term operating lease liabilities, which for Budget were $2,484 as of December 31, 2024. Reviewing the balance between short-term and long-term liabilities can offer a more complete view of Budget's financial commitments related to leasing.