What were the other non-current liabilities for Corcoran in the later year?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND EQUITY | ||
|---|---|---|
| Current liabilities: | ||
| Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $101 | $99 |
| Securitization obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 140 | 115 |
| Current portion of long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 490 | 307 |
| Current portion of operating lease liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 105 | 113 |
| Accrued expenses and other current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 553 | 573 |
| Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,389 | 1,207 |
| Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,031 | 2,235 |
| Long-term operating lease liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 284 | 333 |
| Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 207 | 207 |
| Other non-current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 155 | 176 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the company's other non-current liabilities were assessed for two different years. The later year listed in the document shows other non-current liabilities totaling $176. The earlier year shows these liabilities totaling $155.
These liabilities are part of Corcoran's overall financial obligations that do not need to be satisfied within the next 12 months. For a prospective franchisee, understanding the nature and composition of these liabilities is crucial. It provides insight into the company's long-term financial health and stability.
While the document specifies the total amount for other non-current liabilities, it does not detail the specific types of obligations included within this category. A potential franchisee should inquire with Corcoran about the specific items that constitute these liabilities to fully understand the company's financial structure and potential long-term obligations.