What was the total amount of Hardees' other current liabilities as of January 31, 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Jan | uary 31, 2024 | Jan | uary 31, 2023 | |
|---|---|---|---|---|
| LIABILITIES AND EQUITY | ||||
| Current liabilities: | ||||
| Other current liabilities. | 71,641 | 66,753 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees' 2025 Franchise Disclosure Document, the total amount of other current liabilities as of January 31, 2024, was $71,641.
This figure represents obligations due within one year, excluding items like debt, leases, and accounts payable, offering insight into Hardees' short-term financial obligations beyond standard payables. For a prospective franchisee, understanding the composition of these 'other current liabilities' is crucial. It provides a more complete picture of the company's immediate financial health and potential demands on its cash flow.
Franchisees should seek clarification from Hardees regarding the specific items included in this category. A detailed breakdown would allow a franchisee to assess the predictability and potential impact of these liabilities on the franchisor's ability to support its franchisees. This due diligence is essential for evaluating the overall financial stability of the Hardees franchise system.