What were the total non-current liabilities for Face Foundrie in 2024?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Non-current liabilities | |||
| Operating lease liability, non-current | 284,843 | 343,795 | 376,281 |
| Deferred revenue, non-current | 1,727,727 | 1,786,704 | 1,637,657 |
| Total non-current liabilities | 2,012,570 | 2,130,499 | 2,013,938 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the total non-current liabilities for Face Foundrie in 2024 were $2,012,570. These liabilities consist of operating lease liabilities, non-current, which amounted to $284,843, and deferred revenue, non-current, which totaled $1,727,727.
Non-current liabilities are obligations that Face Foundrie owes that are not expected to be settled within one year. For a prospective franchisee, understanding the breakdown of these liabilities can provide insight into the company's long-term financial obligations and how they manage their financial structure. The deferred revenue component, in particular, may relate to franchise fees or other services that Face Foundrie has collected but not yet recognized as earned revenue.
The operating lease liability represents Face Foundrie's obligations for leased properties or equipment extending beyond one year. Deferred revenue typically arises from payments received for services or products that will be delivered in the future. Monitoring these liabilities can help a franchisee assess the financial stability and operational efficiency of Face Foundrie.
It's important for potential franchisees to review these figures in the context of Face Foundrie's overall financial health, including their assets, revenues, and expenses, to gain a comprehensive understanding of the company's financial position. Consulting with a financial advisor is recommended to fully interpret the implications of these liabilities.