What was the non-current portion of Checkersrallys' financing obligations?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| 7,850 | 7,923 | |
|---|---|---|
| ranging from 3.20% to 7.06% | ||
| 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 Checkersrallys' 2025 Franchise Disclosure Document, the non-current portion of their total financing obligations was $7,783 as of December 30, 2024. The corresponding figure for the previous year, January 1, 2024, was $7,846.
Financing obligations represent amounts Checkersrallys owes related to financing activities, excluding typical accounts payable or accrued expenses. The 'non-current portion' specifically refers to the part of these obligations not due within the next 12 months. This distinction is important because it reflects Checkersrallys' longer-term debt commitments. A higher non-current portion suggests Checkersrallys relies on long-term financing for its operations.
For a prospective franchisee, understanding the franchisor's financing obligations can provide insights into the company's financial stability and long-term planning. While this figure alone doesn't paint a complete picture, it's a piece of the puzzle when evaluating the overall health and sustainability of the Checkersrallys franchise system. Reviewing trends in these obligations over several years, as presented in the FDD, can offer a more comprehensive understanding of Checkersrallys' financial management.