What is the total amount of Checkers financing obligations, less current maturities, as of the date of this statement?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Financing obligations relating to sales of restaurants maturing at | ||
|---|---|---|
| various dates through October 1, 2039, bearing interest rates | ||
| ranging from 3.20% to 7.06% | 7,850 | 7,923 |
| Total financing obligations | 7,850 | 7,923 |
| Less: current maturities | (67) | (77) |
| Total financing obligations, less current maturities | $7,783 $ | 7,846 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the total financing obligations, less current maturities, are detailed in Item 23. The provided table shows that the total financing obligations, less current maturities, amounted to $7,783 as of December 30, 2024, and $7,846 as of January 1, 2024.
This figure represents the outstanding balance of financing obligations that Checkers has, excluding the portions that are due within the coming year. These obligations relate to sales of restaurants and mature at various dates through October 1, 2039, with interest rates ranging from 3.20% to 7.06%.
For a prospective franchisee, this information provides insight into the financial liabilities Checkers carries. While this doesn't directly impact the franchisee's initial investment, it's useful for assessing the overall financial health and stability of the franchisor. Understanding the franchisor's debt obligations can help in evaluating the long-term viability and potential risks associated with investing in the franchise.