What was the total reported amount for Checkers' total liabilities in the earlier year presented?
Checkers Franchise · 2025 FDDAnswer 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 | |
| Deferred income tax liabilities | 22,368 | 48,330 | |
| Operating lease liabilities, less current portion | 134,307 | 149,180 | |
| Finance lease liabilities, less current portion | 33,979 | 24,738 | |
| Long-term debt, less current maturities | 90,271 | 85,812 | |
| Financing obligations, less current maturities | 7,783 | 7,846 | |
| Deferred revenue, less current portion | 6,373 | 6,937 | |
| Accrued self-insurance, less current portion | 2,020 | 2,211 | |
| Unfavorable leasehold interests | 113 | 169 | |
| Other long-term liabilities | 878 | 1,077 | |
| Total liabilities | 338,546 | 365,422 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the total liabilities for the earlier year presented is $365,422. This figure represents the sum of all financial obligations and debts that Checkers owes to external parties at a specific point in time.
Understanding the total liabilities is crucial for prospective franchisees as it provides insight into the financial leverage and overall financial health of Checkers. A high level of liabilities compared to assets could indicate higher financial risk, while a lower level might suggest a more stable financial position. Franchisees should analyze this number in conjunction with other financial metrics, such as total assets and equity, to get a comprehensive view of the company's financial standing.
It's important to note that this figure is just one snapshot in time and can fluctuate due to various factors, including seasonal sales, investments, and debt management strategies. Therefore, prospective franchisees should review several years' worth of financial statements, if available, and discuss any significant changes or trends with Checkers to fully understand the implications for their investment.