What is the total of Chester's International, LLC's current liabilities as of the date of the financial statement?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
| CURRENT LIABILITIES | |||
|---|---|---|---|
| Accounts payable | $ 1,070,100 | $ 2,904,502 | |
| Accrued liabilities | 2,070,417 | 1,285,555 | |
| Customer deposits | 361,152 | 609,822 | |
| Current maturities of long-term debt | 480,225 | 1,628,607 | |
| Current portion of operating lease liability | 121,564 | 181,240 | |
| Unearned franchise fees | 190,950 | 136,500 | |
| Total current liabilities | 4,294,408 | 6,746,226 |
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chester's 2025 Franchise Disclosure Document, the total current liabilities are detailed in the financial statements provided. One set of figures lists total current liabilities as $4,294,408. The liabilities include accounts payable, accrued liabilities, customer deposits, current maturities of long-term debt, the current portion of operating lease liability, and unearned franchise fees.
Another set of figures lists the total current liabilities as $6,746,226. This total also includes similar components: accounts payable, accrued liabilities, customer deposits, current maturities of long-term debt, current portion of operating lease liability, and unearned franchise fees.
It is important to note that the FDD does not specify the exact dates to which these figures correspond. A prospective franchisee should clarify with Chesters the specific dates of the financial statements to understand the liabilities at a particular point in time. Understanding the timing and composition of these liabilities is crucial for assessing the financial health of Chesters.