table_specific

What was the reported amount of accrued liabilities for Churchs Chicken in 2020?

Churchs_Chicken Franchise · 2025 FDD

Answer from 2025 FDD Document

, 2024

2312-4393389

2

A member firm of Ernet & Young Global Ermited

Dec December 31, 2023 December 25, 2022
Assets -
Current assets:
Cash and cash equivalents S 4,189 $ 2,640
Restricted cash 2,163 3,066
Accounts receivable, net 6,351 7,388
Inventory 735 700
Prepaid expenses and other 4,493 935
Due from member 58,588 36,281
Total current assets 76,519 51,010
Long-term assets:
Property and equipment, net 120,042 125,723
Finance lease right-of-use assets 7.131 7,586
Operating lease right-of-use assets 24,221 26,800
Trademarks and other intangible assets, net 294,128 303,260
Goodwill, net 30,160 33,930
Other assets, net 1,389 992
Total long-term assets 477,071 498,291
Total assets S 553,590 $ 549,301
Liabilities and member's equity
Current liabilities:
Accounts payable S 8,348 $ 6,382
Accrued habilities 5,614 5,164
Current maturities of long-term debt 5,637 4,216
Current finance lease liabilities 269 203
Current operating lease liabilities 3,263 2,817
Total current liabilities 1 23,131 18,782
Long-term liabilities; W. T.
Long-term finance lease liabilities 8,904 9,192
Long-term operating lease liabilities 24,849 28,294
Long-term debt, net of current maturities 322,422 320,388
Deferred credits and other long-term liabilities 17,818 17,804
Total long-term liabilities - 373,993 375,678
Commitments and contingencies -
Member's equity:
Contributed capital 122,652 139,877
Retained earnings 33,814 14,964
Total member's equity 156,466 154,841
Total liabi

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–43)

What This Means (2025 FDD)

According to Churchs Chicken's 2025 Franchise Disclosure Document, the accrued liabilities for 2021 and 2022 are available. In 2022, the accrued liabilities were $5,614, while in 2021, they were $5,164.

Accrued liabilities represent expenses that Churchs Chicken has incurred but not yet paid. These can include items like wages, utilities, or taxes. Monitoring these liabilities can provide insight into the company's short-term financial obligations and its ability to manage its current debts.

While the FDD provides figures for 2021 and 2022, it does not include the amount of accrued liabilities for 2020. A prospective franchisee might want to request this specific data from Churchs Chicken to analyze trends over a longer period and gain a more comprehensive understanding of the company's financial health.

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.
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