What was the amount of Del Taco's current operating lease liabilities on September 29, 2024?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
ated expenses are presented in "Franchise occupancy expenses."
Company as lessee — Leased assets and liabilities consisted of the following as of September 29, 2024 and October 1, 2023 (in thousands):
| September 29, 2024 | October 1, 2023 | |
|---|---|---|
| Assets: | ||
| Operating lease ROU assets | $ 1,410,083 | $ 1,397,555 |
| Finance lease ROU assets (1) | 416 | 971 |
| Total ROU assets | $ 1,410,499 | $ 1,398,526 |
| Liabilities: | ||
| Current operating lease liabilities | . $ 162,017 | $ 142,518 |
| Current finance lease liabilities ( |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, as of September 29, 2024, the company's current operating lease liabilities totaled $162,017. This figure represents the portion of Del Taco's operating lease obligations due within the next year. Operating leases typically involve the use of property or equipment without transferring ownership, and the current liabilities reflect the payments due on these leases in the short term.
For a prospective Del Taco franchisee, understanding these lease liabilities is crucial. It provides insight into the company's short-term financial obligations related to leased assets, which could include restaurant locations or equipment. This information helps potential franchisees assess the financial health and stability of Del Taco.
Furthermore, comparing the current operating lease liabilities to previous periods, such as the $142,518 reported on October 1, 2023, can reveal trends in Del Taco's leasing activities and overall financial strategy. A significant increase in current operating lease liabilities might indicate expansion or increased reliance on leased assets, while a decrease could suggest cost-cutting measures or a shift towards asset ownership.