What year is covered by the segment information in this Budget FDD?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
ed average interest rate of 8.01%. These notes were issued under previously outstanding series of debt.
In February 2025, we borrowed $500 million under a floating rate term loan due December 2025, which is part of our senior revolving credit facilities.
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Schedule II – Valuation and Qualifying Accounts
| (in millions) Description | Balance of | at Beginning Period | Expe | nse (Benefit) | Other Adjustments (a) | _ | Deductions | Balance at End of Period |
|---|---|---|---|---|---|---|---|---|
| Allowance for Doubtful Accounts: Year Ended December 31, 2024 2023 2022 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the segment information includes data for the years 2022, 2023, and 2024. This is evident from the table detailing the allowance for doubtful accounts and tax valuation allowance.
Specifically, the table provides a breakdown of the allowance for doubtful accounts and tax valuation allowance for the years ended December 31, 2024, 2023, and 2022. This information is presented in a comparative format, allowing for year-over-year analysis of these financial metrics.
For a prospective Budget franchisee, this historical data offers insights into the company's financial performance and trends over the three-year period. Reviewing these figures can help potential franchisees assess the stability and financial health of Budget, which is a crucial aspect of evaluating a franchise opportunity.