What were the total 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 |
| 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 |
| Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,066 | 4,158 |
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 liabilities for the period ending in 2024 were $4,066. In the previous period, ending in 2023, the total liabilities were $4,158. This represents a decrease in total liabilities from 2023 to 2024.
These liabilities consist of several components, including current liabilities such as accounts payable ($101 in 2024 and $99 in 2023), securitization obligations ($140 in 2024 and $115 in 2023), the current portion of long-term debt ($490 in 2024 and $307 in 2023), the current portion of operating lease liabilities ($105 in 2024 and $113 in 2023), and accrued expenses and other current liabilities ($553 in 2024 and $573 in 2023). The total current liabilities were $1,389 in 2024 and $1,207 in 2023.
Additionally, Corcoran has long-term liabilities, including long-term debt ($2,031 in 2024 and $2,235 in 2023), long-term operating lease liabilities ($284 in 2024 and $333 in 2023), deferred income taxes ($207 in both 2024 and 2023), and other non-current liabilities ($155 in 2024 and $176 in 2023). Understanding the nature and amounts of these liabilities is crucial for assessing Corcoran's financial health and stability as a franchise.