What was the reported total of Checkersrallys' current liabilities in the most recent year presented?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkersrallys' 2025 Franchise Disclosure Document, the company's total current liabilities for the year ending December 30, 2024, amounted to $40,454. This figure represents the sum of various short-term financial obligations, including accounts payable, accrued liabilities, accrued wages and benefits, the current portion of deferred revenue, current maturities of long-term debt, current maturities of financing obligations, the current portion of accrued self-insurance, and the current portions of operating and finance lease liabilities.
For a prospective Checkersrallys franchisee, understanding the company's current liabilities is crucial for assessing its short-term financial health and stability. A high level of current liabilities relative to current assets could indicate potential liquidity issues, making it more difficult for Checkersrallys to meet its immediate obligations. This, in turn, could impact the support and resources available to franchisees.
It is important to note that the current liabilities are just one aspect of Checkersrallys' overall financial picture. A thorough analysis would also consider the company's long-term liabilities, assets, revenues, and expenses. Additionally, comparing these figures to industry benchmarks and the financial performance of other franchise systems can provide a more comprehensive understanding of Checkersrallys' financial position.
Prospective franchisees should carefully review Checkersrallys' financial statements and consult with a financial advisor to assess the potential risks and rewards of investing in the franchise. Understanding the franchisor's financial health is a critical step in making an informed decision.