What was the total amount of liabilities for Crowne Plaza as of December 31, 2024?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31 | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Current assets | $ 22,037 | $ 21,854 | |
| Non-current assets | 264,565 286,602 | 267,197 289,051 | |
| Total liabilities | (276,986) | (259,453) | |
| Net assets | $ 9,616 | $ 29,598 | |
| 2024 | 2023 | 2022 | |
| Revenue | $ 125,484 | $ 96,630 $ | 87,616 |
| Net (loss) income | $ (1,326) | $ 9,019$ (7,970) |
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, the total liabilities as of December 31, 2024, were $(276,986). This figure is presented within a table that compares the financial standing in 2024 to that of 2023. The table also lists current assets, non-current assets, and net assets for both years.
This liabilities figure is important for prospective franchisees as it provides a snapshot of Crowne Plaza's financial obligations at a specific point in time. Reviewing the liabilities in conjunction with the assets and net assets can give an overview of the company's financial health. A high level of liabilities compared to assets could indicate potential financial risk.
It is important to note that this figure represents the total liabilities for a specific date and may not reflect the current financial situation. Franchisees should review the full financial statements and consult with a financial advisor to fully understand the implications of Crowne Plaza's liabilities.