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What was the total amount of Checkers' current liabilities in the later year presented?

Checkers Franchise · 2025 FDD

Answer from 2025 FDD Document

Current liabilities
Accounts payable $ 3,563 $ 2,650
Accrued liabilities 13,855 13,801
Accrued wages and benefits 3,708 4,148
Current portion of deferred revenue 2,652 2,717
Current maturities of long-term debt 1,788 1,802
Current maturities of financing obligations 67 77
Current portion of accrued self-insurance 2,365 1,640
Current portion of operating lease liabilities 11,490 11,742
Current portion of finance lease liabilities 966 545
Total current liabilities 40,454 39,122

Source: Item 23 — RECEIPTS (FDD pages 92–384)

What This Means (2025 FDD)

According to Checkers' 2025 Franchise Disclosure Document, the total current liabilities for the later year presented amounted to $39,122. This figure represents the sum of various short-term financial obligations that Checkers was expected to settle within a year. These liabilities include accounts payable, accrued liabilities, accrued wages and benefits, the current portion of deferred revenue, current maturities of long-term debt, current maturities of financing obligations, the current portion of accrued self-insurance, the current portion of operating lease liabilities, and the current portion of finance lease liabilities.

Understanding the composition and magnitude of these current liabilities is crucial for prospective franchisees. It provides insight into Checkers' short-term financial health and its ability to meet its immediate obligations. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect Checkers' ability to support its franchisees or invest in growth initiatives. Conversely, a manageable level of current liabilities suggests financial stability and efficient management of short-term obligations.

For a potential Checkers franchisee, this information is valuable for assessing the overall financial risk associated with investing in the franchise. It is advisable to compare these figures with those of other similar franchise systems to benchmark Checkers' financial position. Additionally, prospective franchisees should seek clarification from Checkers regarding the specific nature of these liabilities and how they are managed to ensure a comprehensive understanding of the company's financial practices.

Disclaimer: This information is extracted from the 2025 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.