What was the total amount of 'other current liabilities' reported for Hardees in 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's 2025 Franchise Disclosure Document, the total amount of 'other current liabilities' reported for Hardees as of January 31, 2024, was $71,641. This figure represents the financial obligations of Hardees that are expected to be settled within one year, excluding items specifically categorized as accounts payable, current portions of leases, or debt.
For a prospective Hardees franchisee, understanding the composition and magnitude of these 'other current liabilities' is crucial. These liabilities could include accrued expenses, deferred revenue, or other short-term obligations that Hardees needs to manage. A significant increase in this category from year to year could signal potential financial strain or changes in Hardees's operational practices.
Franchisees should consider this figure in conjunction with other financial statement data, such as total current liabilities and total assets, to assess Hardees's overall financial health and stability. It is also advisable to inquire with Hardees about the specific items included in 'other current liabilities' to gain a more detailed understanding of these obligations.