What were the total 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 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the company's total current liabilities were $1,389 in the later year. The liabilities include accounts payable, securitization obligations, the current portion of long-term debt, the current portion of operating lease liabilities, and accrued expenses and other current liabilities.
Understanding the composition and changes in these liabilities is crucial for prospective franchisees. For example, the current portion of long-term debt represents debt due within one year, while securitization obligations relate to the company's relocation services funding. Fluctuations in these figures can reflect changes in Corcoran's financial strategies and operational performance.
Accrued expenses and other current liabilities, which totaled $553 in the later year, encompass various short-term obligations such as accrued payroll, commissions, and interest. Monitoring these liabilities can provide insights into Corcoran's short-term financial health and its ability to meet its immediate obligations. Reviewing the trends in these liabilities over time, as presented in the FDD, can help potential franchisees assess the financial stability and management practices of Corcoran.