What was the total amount of 'Total other current liabilities' reported by Hardees in 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
-------------------|-----------------------------|---------------------------|-----------------------------|-----------------------------|---------------------------| | Trademarks / tradenames | Indefinite | $ 614,400 | $ — | $ 614,400 | $ 614,400 | $ | $ 614,400 | | Franchise agreements | 20 | 321,665 | (160,157) | 161,508 | 319,855 | (143,300) | 176,555 | | Favorable lease agreements | 17 | 5,875 | (4,245) | 1,630 | 9,688 | (7,613) | 2,075 | | Total intangible assets | | $ 941,940 | $ (164,402) | $ 777,538 | $ 943,943 | $ (150,913) | $ 793,030 |
Amortization expense related to these intangible assets for fiscal 2024 and 2023 was $17,302 and $17,132, respectively. Our estimated future amortization expense related to the
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total other current liabilities for January 31, 2024, was $71,641. This figure represents the accumulation of several specific liabilities, as detailed in Note 7 of the financial statements. For comparison, the total other current liabilities as of January 31, 2023, was $66,753.
Other current liabilities consist of several components, including salaries, wages and other benefits, income taxes payable, financing method sale-leaseback liability, accrued interest, gift card and gift certificate liabilities, estimated liability for self-insurance, deferred franchise and development fees, accrued property taxes, state sales tax, utilities, and other accrued liabilities. These liabilities reflect Hardees's short-term financial obligations to various parties, including employees, tax authorities, customers, and suppliers.
For a prospective franchisee, understanding the composition and amount of these liabilities is crucial. It provides insight into Hardees's short-term financial health and its ability to meet its immediate obligations. A significant increase in these liabilities could indicate potential financial strain, while a stable or decreasing trend might suggest improved financial management. Reviewing these figures in the FDD helps potential franchisees assess the financial stability of Hardees.