What was the carrying amount of Petro Stopping Center's total finance debt in 2023 (in millions)?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
o fall within level 1 of the fair value hierarchy. Where quoted prices are not available, quoted prices for similar instruments in active markets are used and such measurements are therefore categorized in level 2 of the fair value hierarchy. The Company's affiliate long-term borrowings are all floating rate and it is judged that the carrying value approximates fair value.
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Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the total carrying amount of their finance debt in 2023 was $33,940 million. The FDD also provides a comparison, noting that the total finance debt in 2024 was $41,862 million.
For a prospective franchisee, this indicates the level of debt Petro Stopping Center carries as a company. While this is not the franchisee's debt, it can provide insight into the financial structure and leverage of the company. Understanding the franchisor's financial health is crucial for franchisees, as it can impact the level of support, resources, and stability the franchisor can provide.
It's important to note that this figure represents the company's overall debt and not the individual franchisee's debt. A potential franchisee should focus on their own financial projections and financing arrangements when considering opening a Petro Stopping Center franchise. However, reviewing the franchisor's financial statements, including their debt levels, is a standard part of due diligence in the franchise investment process.