What was the total interest expense for Checkers restaurants for the year 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Other income (expense) | |||||
|---|---|---|---|---|---|
| Interest expense | (15,789) | (8,134) | (18,326) | ||
| Other income (expense) | 3 | 1 | (375) | ||
| Total other (expense) income | (15,786) | (8,133) | (18,701) |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the total interest expense for Checkers restaurants for the year 2024 was $(15,789). This figure represents the expenses incurred by Checkers due to interest payments on its debts and other financial obligations during that year. It is important to note that this is an expense, as indicated by the negative sign.
For a prospective franchisee, understanding the interest expenses of the franchisor can provide insight into the financial health and stability of the company. High-interest expenses might indicate a significant debt burden, which could impact Checkers' ability to support its franchisees or invest in the brand. Conversely, lower interest expenses could suggest a stronger financial position.
It's crucial for potential franchisees to consider this figure in conjunction with other financial data provided in the FDD, such as revenues, costs, and overall profitability, to gain a comprehensive understanding of Checkers' financial performance. Additionally, franchisees should inquire about the nature of the debt obligations contributing to these interest expenses and how Checkers manages its debt to ensure long-term financial stability.