How much cash did Mrcool pay for interest during 2024?

According to Mrcool's 2025 Franchise Disclosure Document, the company paid $7,609 in cash for interest during the year 2024. This figure is part of the supplemental disclosure of cash flow information provided in the financial statements. This indicates the actual cash outflow Mrcool experienced specifically for interest expenses during that fiscal year.

For a prospective franchisee, this information provides insight into Mrcool's financial management and obligations. Understanding the interest expenses can help potential franchisees assess the financial health and stability of the franchisor. It's important to note that this figure represents only the cash paid for interest and does not include any accrued interest that may not have been paid out during the year.

In addition to the cash paid for interest, Mrcool also accrued interest on loans. The company accrued $0 of interest on loans during the year ended December 31, 2024. This is separate from the cash paid, as accrual accounting recognizes expenses when they are incurred, not necessarily when cash changes hands. The line of credit that Mrcool maintains is $500,000 with a variable interest rate based on the Term SOFR Rate. As of December 31, 2024, the rate was 8.375%.