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What was the total amount of Carls' other long-term liabilities as of January 31, 2022?

Carls Franchise · 2024 FDD

Answer from 2024 FDD Document

Other long-term liabilities 109,062 326,826 217,764

Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)

What This Means (2024 FDD)

According to Carls's 2024 Franchise Disclosure Document, as of January 31, 2022, the total other long-term liabilities were $217,764,000. This figure represents the aggregation of other long-term financial obligations that Carls has, excluding items like long-term debt and finance leases.

For a prospective franchisee, understanding this number is crucial as it provides insight into the financial leverage and long-term financial health of Carls. A high amount of other long-term liabilities could indicate potential future financial obligations that might impact the stability of the company. It is important to note that this value is in thousands.

It is important for potential franchisees to investigate the nature of these 'other long-term liabilities' to fully understand their implications. These liabilities could include deferred revenue, pension obligations, or other contractual obligations extending beyond one year. Understanding the composition and terms of these liabilities is essential for assessing the overall financial risk and stability of Carls.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.