What was the deferred finance cost amortization for Jack In The Box in 2024?
Jack_In_The_Box Franchise · 2025 FDDAnswer from 2025 FDD Document
Included in "Property and equipment, net" on our consolidated balance sheets.
The following table presents the components of our lease costs in fiscal 2024, 2023, and 2022 (in thousands):
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Lease costs: | |||||
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 93–94)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, there is no specific mention of "deferred finance cost amortization" for Jack In The Box. However, the document does include information on lease costs, including the amortization of Right-of-Use (ROU) assets related to finance leases.
In 2024, the amortization of ROU assets related to finance leases was $492. This figure represents the expense recognized for the use of leased assets that are classified as finance leases, which transfer substantially all the risks and rewards of ownership to the lessee (Jack In The Box). This amortization is a non-cash expense, reflecting the allocation of the cost of the asset over its useful life.
For a prospective Jack In The Box franchisee, understanding these lease costs is crucial, as lease obligations can significantly impact the financial performance of a franchise. While the FDD does not explicitly detail deferred finance cost amortization, it provides insight into related expenses like ROU asset amortization, which should be considered when evaluating the overall financial obligations associated with operating a Jack In The Box franchise.