What is the reported total of current liabilities for Checkersrallys?
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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the company's total current liabilities were $40,454 as of December 30, 2024, and $39,122 as of January 1, 2024.
For a prospective franchisee, current liabilities represent Checkersrallys's short-term financial obligations, including accounts payable, accrued liabilities, wages, deferred revenue, and debts due within one year. Monitoring these figures helps potential franchisees assess the company's short-term financial health and stability. A significant increase in current liabilities could indicate potential financial strain, while a decrease might suggest improved financial management.
It is important to note that these figures are specific to the dates mentioned and may not reflect the current financial situation of Checkersrallys. Franchisees should review the full financial statements and consult with a financial advisor to gain a comprehensive understanding of Checkersrallys's financial position and associated risks.