What was the total amount of Carls' other current liabilities as of January 31, 2022?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
ation Restaurants LLC Restaurants LLC Funding LLC Guarantor LLC Funding LLC Guarantor LLC Eliminations Entities ASSETS Current assets: 3,473 S 1.755 $ Cash and cash equivalents 7,313 $ 20,002 $ 32,543 Cash and cash equivalents - restricted. 16,059 16,059 Accounts receivable, net. 11,220 10,468 21,689 Due from affiliates 14.572 17,205 59,951 202
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the combining consolidated balance sheet for January 31, 2022, shows other current liabilities for the CKE Carl's Jr. SPV Securitization Entities. The amounts listed are $26,474 thousand for Carl's Jr., $3,086 thousand for Hardee's, $24,306 thousand for Carl's Jr. Restaurants LLC, $3,066 thousand for Hardee's Restaurants LLC, and $56,932 for the total.
These figures represent short-term financial obligations that Carls had to settle within a year. These liabilities can include accrued expenses, deferred revenue, or other short-term debts. For a prospective franchisee, understanding the nature and size of these liabilities provides insight into the financial health and short-term obligations of the overall Carls organization.
It's important to note that these figures are in thousands, so the actual total other current liabilities for the CKE Carl's Jr. SPV Securitization Entities as of January 31, 2022, was $56,932,000. Reviewing these liabilities in the context of Carls's total assets and overall financial performance can help potential franchisees assess the financial stability of the franchise system.