What was the value of Petro Stopping Center's current tax receivable in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| At December 31 | Note | 2024 | $ million 2023 |
|---|---|---|---|
| Current assets | 103,080 | 99,907 | |
| Current tax receivable | 176 | 138 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the company had a current tax receivable of $138 million in 2023. This figure is part of the company's current assets.
For a prospective franchisee, understanding the tax position of the company can be important for assessing its overall financial health. Tax receivables represent amounts that are due to the company from tax authorities, typically from overpayment of taxes or tax credits.
It's worth noting that this is just one component of Petro Stopping Center's overall financial position, and a comprehensive review of the company's assets and liabilities is necessary to form a complete picture. Reviewing the notes referenced in the table, such as Note 7, may provide additional context regarding deferred tax assets and their recoverability, which are influenced by oil and natural gas price assumptions.