What was the total equity for Petro Stopping Center at January 1, 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Share capital | Share premium account | Other reserves | Profit and loss account | BP Corporation North America shareholders' equity | Non controlling interests | Total equity | |
|---|---|---|---|---|---|---|---|
| At January 1, 2024 | 1 | 43,288 | 195 | (11,173) | 32,311 | 13,481 | 45,792 |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, at January 1, 2024, the total equity was $45,792. This figure is comprised of several components, including share capital of $1, share premium account of $43,288, other reserves of $195, and a profit and loss account of $(11,173). Additionally, BP Corporation North America shareholders' equity was $32,311, and non-controlling interests amounted to $13,481.
For a prospective franchisee, understanding the equity structure of Petro Stopping Center can provide insights into the financial health and stability of the company. A higher equity figure generally indicates a stronger financial position, which can be reassuring for franchisees considering investing in the brand. The breakdown of equity into different categories such as share capital, reserves, and profit/loss accounts offers a more detailed view of how the company's finances are structured.
It's important to note that these figures represent a snapshot in time and can change significantly due to various factors such as profits, losses, dividends, and other financial transactions. Therefore, while this information is valuable, prospective franchisees should also consider other financial metrics and trends when evaluating the franchise opportunity. Consulting with a financial advisor is recommended to fully understand the implications of these figures and how they relate to the overall investment decision.