What is the contractual maturity date for The Standardx's held-to-maturity (HTM) debt securities?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
At March 31, 2025 and December 31, 2024, marketable securities held to fund operating programs included:
- $555 million and $473 million, respectively, of available-for-sale ("AFS") debt securities with contractual maturity dates ranging from 2025 through 2069. The amortized cost of our AFS debt securities approximates fair value;
- $25 million, in both periods, of time deposits classified as held-to-maturity ("HTM") debt securities with a contractual maturity date in 2025. The amortized cost of our time deposits approximates fair value;
- $17 million, in both periods, of equity securities with a readily determinable fair value.
Source: Item 1 — Financial Statements. (FDD pages 156–187)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the company holds time deposits classified as held-to-maturity (HTM) debt securities. These securities had a contractual maturity date in 2025, with $25 million held in both the March 31, 2025, and December 31, 2024, periods. The amortized cost of these time deposits approximates their fair value.
Additionally, The Standardx holds investments in third-party entities associated with certain of its hotels, which are recorded as HTM debt securities. These investments are redeemable on various dates through 2062.
Time deposits held by The Standardx have contractual maturities on various dates through 2027. Understanding the nature and terms of these HTM debt securities can be important for prospective franchisees, as they reflect the financial strategies and risk management practices of the company.