What is the reporting currency used in Del Taco's financial statements?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
regarding the financial condition of the franchisee or customer. Account balances are charged off against the allowance after recovery efforts have ceased. The Company's allowance for doubtful accounts has not historically been material.
The following table summarizes the activity in the allowance for do
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to the 2025 Del Taco Franchise Disclosure Document, the consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP). The financial figures are presented in U.S. dollars.
Specifically, the document notes that the company's summary of refranchisings and franchise acquisitions are expressed in thousands of dollars. Additionally, the consolidated balance sheets are presented in thousands of dollars, except for share and per share data. Furthermore, other operating expenses are also expressed in thousands of dollars.
This means that all monetary values in the financial statements, such as revenues, expenses, assets, and liabilities, are denominated in U.S. dollars unless otherwise specified. As a prospective franchisee, it is important to understand that all financial reporting and transactions with Del Taco will be conducted in U.S. dollars.