What was the reported value of Hardees' property and equipment for Fiscal Year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
Depreciation and amortization expense related to property and equipment for fiscal 2024 and 2023 was $36,202 and $35,375, respectively. Amortization of property under finance leases is included within depreciation and amortization expense.
(1) The accumulated amortization related to finance leases was $333 and $1,375 as of January 31, 2024 and 2023, respectively.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, depreciation and amortization expense related to property and equipment for fiscal year 2024 was $36,202. This figure reflects the expense recognized for the wear and tear or consumption of Hardees's property and equipment during that fiscal year.
It is important to note that this is the depreciation and amortization expense, not the total value of the property and equipment. Depreciation and amortization are accounting methods used to allocate the cost of assets over their useful lives. The accumulated amortization related to finance leases was $333 as of January 31, 2024.
To determine the actual value of Hardees's property and equipment, a prospective franchisee would need to review the company's balance sheets or other financial statements within the FDD, which are not provided in the excerpt. This information would provide a clearer picture of the assets Hardees owns and their net book value.