What was the long-term debt for Corcoran in the previous period?

According to Corcoran's 2025 Franchise Disclosure Document, the company's long-term debt for the previous period, specifically as of December 31, 2023, was $2,235. This figure reflects the financial obligations Corcoran has extending beyond the current year.

This long-term debt is a crucial factor for prospective franchisees to consider. It provides insight into Corcoran's financial leverage and its ability to manage its debt obligations. A high level of long-term debt could indicate potential financial strain, while a lower level might suggest greater financial stability.

It is important to note that this figure represents the company's debt as a whole and not the debt of individual franchisees. Franchisees should consult with financial advisors to understand the implications of Corcoran's debt on their investment and the overall health of the franchise system. Understanding the context of this debt, such as its maturity dates, interest rates, and any associated covenants, would provide a more complete picture of Corcoran's financial position.