What were the total current liabilities for Corcoran in the previous period?
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 for the previous period, as of December 31, 2023, were $1,207. This figure represents the sum of Corcoran's short-term financial obligations, including accounts payable, securitization obligations, the current portion of long-term debt, current operating lease liabilities, and accrued expenses.
Understanding the composition and amount of current liabilities is crucial for prospective franchisees. It provides insight into Corcoran's short-term financial health and its ability to meet its immediate obligations. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect Corcoran's ability to support its franchisees or invest in growth initiatives.
For a potential Corcoran franchisee, this information is essential for assessing the overall financial stability of the franchise. It would be prudent to compare these figures with those of other similar franchises to gauge Corcoran's relative financial position. Additionally, prospective franchisees should seek clarification from Corcoran regarding any significant changes in current liabilities from year to year and the reasons behind those changes.