What is the amount of Checkersrallys' non-current portion of total payments as of December 30, 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| Successor | ||
|---|---|---|
| December 30, | January 1, | |
| 2024 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 15,562 | $ 12,557 |
| Accounts and notes receivable, net | 7,717 | 7,399 |
| Inventory | 2,428 | 2,178 |
| Prepaid expenses | 5,338 | 5,308 |
| Other current assets | 799 | 2,867 |
| Total current assets | 31,844 | 30,309 |
| Property and equipment, net | 31,679 | 29,309 |
| Operating lease right-of-use assets | 132,807 | 145,380 |
| Finance lease right-of-use assets | 31,231 | 22,632 |
| Intangibles assets, net | 198,723 | 198,849 |
| Favorable leasehold interests | 1,421 | 1,848 |
| Goodwill, net | 26,872 | 30,037 |
| Other assets | 1,203 | 2,353 |
| Total assets | $ 455,780 | $ 460,717 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| 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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the non-current portion of financing obligations as of December 30, 2024, was $7,783. Additionally, the non-current portion of long-term debt was $90,271 at that time. These figures represent the amounts of Checkersrallys's liabilities that are not expected to be paid within the next year.
For a prospective franchisee, understanding the non-current portion of Checkersrallys's obligations is crucial for assessing the company's long-term financial health. A significant non-current portion suggests that Checkersrallys has long-term financial commitments, which could impact its ability to support franchisees or invest in the brand's future growth.
It is important to note that these figures are specific to Checkersrallys and reflect their financial situation as of December 30, 2024. Franchisees should review these figures in the context of the full financial statements and consider seeking professional financial advice to fully understand the implications for their investment.