What was the total value of Chick Fil A's long-term notes payable in 2024?
Chick_Fil_A Franchise · 2025 FDDAnswer 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 reflects the amount Chick Fil A owes on debt obligations that are due beyond one year.
For a prospective franchisee, understanding Chick Fil A's financial obligations can provide insight into the company's financial health and stability. While franchisees are not directly liable for these debts, the overall financial condition of the franchisor can impact the support and resources available to franchisees.
It's important to note that this figure represents only one aspect of Chick Fil A's overall financial picture. A comprehensive analysis would involve reviewing all liabilities, assets, and equity, as well as the company's income statements and cash flow statements. Franchisees should consult with a financial advisor to fully understand the implications of Chick Fil A's financial statements.