What was the value of Petro Stopping Center's trade and other payables (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 | |||
| Trade and other payables | 17 | 9,704 | 10,101 |
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 value of their trade and other payables, which are classified as non-current liabilities, was $10,101 million in 2023. This figure provides insight into the company's long-term obligations to its suppliers and other parties.
For a prospective franchisee, understanding this liability is crucial as it reflects the financial health and stability of Petro Stopping Center. A high level of payables could indicate potential strain on the company's cash flow, while a lower amount might suggest better financial management. However, it is essential to consider this figure in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial position.
It's also important to note that these figures are presented in millions of dollars, emphasizing the scale of Petro Stopping Center's operations. Franchisees should analyze these financial statements carefully, possibly with the assistance of a financial advisor, to assess the risks and opportunities associated with investing in a Petro Stopping Center franchise. Understanding the non-current liabilities helps in evaluating the long-term financial commitments of the company and their potential impact on the franchisee's investment.