What was the total value of finance lease liabilities for Monicals Pizza in 2024?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
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| December 31, 2024 and 2023: | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Right-of-use assets: | |||
| Operating leases | $ 4,675,079 | $ 5,268,530 | |
| Finance leases | 798,818 | 1,134,741 | |
| Total right |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the company's finance lease liabilities are divided into current and long-term liabilities. In 2024, the current finance lease liabilities totaled $353,202, while the long-term finance lease liabilities amounted to $504,997.
To calculate the total finance lease liabilities for Monicals Pizza in 2024, you must combine these two figures. Therefore, the total finance lease liabilities for Monicals Pizza in 2024 were $858,199.
Understanding the breakdown of current and long-term liabilities is crucial for assessing the short-term and long-term financial obligations of Monicals Pizza. This information is typically used to evaluate the company's overall financial health and stability.