What were the total liabilities for Crowne Plaza as of December 31, 2023?
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, as of December 31, 2023, the total liabilities were $"(259,453)". This figure represents the financial obligations and debts that Crowne Plaza had to external parties at that specific point in time. It is important to note that the provided value is negative, indicated by the parentheses, which likely signifies that it is a deduction or a contra-account within the financial statement context.
For a prospective franchisee, understanding the franchisor's liabilities is crucial as it provides insight into the financial stability and solvency of the company. A high level of liabilities compared to assets could indicate potential financial risk, which might impact the franchisor's ability to support its franchisees. Conversely, a manageable level of liabilities suggests a more stable financial foundation.
It is essential for potential Crowne Plaza franchisees to analyze these figures in conjunction with other financial data, such as assets, revenues, and net income, to gain a comprehensive understanding of the franchisor's financial health. Consulting with a financial advisor to interpret these figures and assess the overall risk associated with investing in a Crowne Plaza franchise is highly recommended.