table_specific

What was the total amount of Chick Fil A's long-term notes payable in 2024?

Chick_Fil_A Franchise · 2025 FDD

Answer from 2025 FDD Document

2024 2023
Long-term notes payable 2,833,904,072 2,322,353,377

Source: Item 23 — Receipts (FDD pages 103–600)

What This Means (2025 FDD)

According to Chick Fil A's 2025 Franchise Disclosure Document, the company's long-term notes payable totaled $2,833,904,072 in 2024. This figure represents the amount of long-term debt Chick Fil A held on its books at the end of the fiscal year. For comparison, the long-term notes payable in 2023 was $2,322,353,377.

This information is relevant for prospective franchisees as it provides insight into Chick Fil A's financial structure and leverage. While franchisees are not directly liable for Chick Fil A's debt, the overall financial health of the franchisor can impact its ability to support franchisees and invest in the brand. A high level of debt could indicate potential financial strain, while a lower level might suggest greater financial stability.

It is important to note that this figure only represents long-term notes payable and does not include other forms of liabilities such as lease obligations or accounts payable. A comprehensive understanding of Chick Fil A's financial position would require analyzing the entire balance sheet and related financial statements. Prospective franchisees may want to consult with a financial advisor to assess the implications of Chick Fil A's debt levels on their investment.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.