What was the value of Petro Stopping Center's finance debt to non-affiliates (non-current liabilities) in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| At December 31 | Note | 2024 | $ million 2023 |
|---|---|---|---|
| Non-current liabilities | |||
| Finance debt - non-affiliates | 21 | 38,294 | 32,094 |
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, specifically regarding non-current liabilities, was $32,094 million in 2023. This figure represents the amount of long-term debt Petro Stopping Center owed to entities not affiliated with the company as of the end of that year.
For a prospective franchisee, this indicates the level of long-term financial obligations Petro Stopping Center carries. While this debt is not directly the franchisee's responsibility, it provides insight into the financial structure and leverage of the parent company. A high level of debt could indicate higher financial risk for the franchisor, which could indirectly affect franchisees.
It's important to note that this is just one aspect of Petro Stopping Center's overall financial health. Franchisees should consider this figure in conjunction with other financial metrics, such as assets, revenues, and profitability, to gain a comprehensive understanding of the company's financial stability. Consulting with a financial advisor is recommended to assess the implications of the franchisor's debt on the franchise opportunity.