What was the value of Petro Stopping Center's finance debt to non-affiliates (current liabilities) in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| At December 31 | Note | 2024 | $ million 2023 |
|---|---|---|---|
| Current liabilities | |||
| Trade and other payables | 17 | 20,136 | 23,007 |
| Affiliates payables | 17 | 10,352 | 17,932 |
| Derivative financial instruments | 25 | 2,563 | 2,947 |
| Accruals | 2,361 | 2,546 | |
| Lease liabilities | 23 | 1,321 | 1,225 |
| Finance debt - non-affiliates | 21 | 2,147 | 495 |
| Finance debt - affiliates | 21 | 490 | 280 |
| Current tax payable | 119 | 166 | |
| Provisions | 18 | 1,665 41,154 | 2,559 51,157 |
| Liabilities directly associated with assets classified as held for sale | 2 | 49 41,203 | — 51,157 |
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 finance debt to non-affiliates, classified as current liabilities, was $2,147 million as of December 31, 2024. This figure represents the short-term portion of Petro Stopping Center's debt owed to entities not affiliated with the company.
For a prospective franchisee, understanding the level of Petro Stopping Center's debt is crucial as it reflects the financial obligations of the company. A high level of debt could indicate financial strain, which might impact the franchisor's ability to support its franchisees. Conversely, a manageable debt level suggests financial stability.
The FDD also shows that the finance debt to non-affiliates was $495 million in 2023. The increase from $495 million in 2023 to $2,147 million in 2024 represents a significant change in Petro Stopping Center's short-term debt obligations to non-affiliated entities. Franchisees should inquire about the reasons for this increase and how it might affect the company's operations and support for franchisees.
It is important to note that this is just one aspect of Petro Stopping Center's financial health. A comprehensive review of the entire financial statement, including assets, liabilities, and equity, is necessary to gain a complete understanding of the company's financial position. Prospective franchisees should consult with a financial advisor to assess the implications of Petro Stopping Center's debt levels and overall financial condition.