What was the total amount of 'Total other long-term liabilities' for The Standardx as of December 31, 2024?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Deferred compensation plans funded by rabbi trusts (Note 4) | $ 523 | $ 548 |
| Income taxes payable | 488 | 464 |
| Guarantee liabilities (Note 12) | 231 | 229 |
| Deferred income taxes (Note 11) | 225 | 171 |
| Contingent consideration liabilities (Note 12) | 208 | 214 |
| Self-insurance liabilities (Note 12) | 88 | 83 |
| Deferred consideration liability (Note 6) (1) | 40 | 38 |
| Other | 71 | 63 |
| Total other long-term liabilities | $ 1,874 | $ 1,810 |
Source: Item 1 — Financial Statements. (FDD pages 156–187)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the total other long-term liabilities as of December 31, 2024, was $1,810. This figure represents the accumulation of various long-term financial obligations that The Standardx has, which are not expected to be settled within the next 12 months. These liabilities include items such as deferred compensation plans, income taxes payable, guarantee liabilities, deferred income taxes, contingent consideration liabilities, self-insurance liabilities, and deferred consideration liability.
For a prospective franchisee, understanding the nature and extent of these liabilities can provide insights into the financial stability and long-term obligations of The Standardx. While franchisees are not directly responsible for these liabilities, the overall financial health of the franchisor can impact the support and resources available to franchisees. A high level of long-term liabilities might indicate a higher financial risk for the franchisor, which could indirectly affect the franchise system.
The components of the total other long-term liabilities, such as deferred compensation plans, income taxes payable, and guarantee liabilities, reflect different aspects of The Standardx's financial commitments. Contingent consideration liabilities, for example, arise from potential future payments related to acquisitions, while self-insurance liabilities cover potential future claims. Monitoring these liabilities over time can help assess the financial management and strategic decisions of The Standardx.
It is important for potential franchisees to review these figures in the context of The Standardx's overall financial statements and to seek professional financial advice to fully understand the implications. Comparing these liabilities to those of other franchise systems in the same industry can also provide a benchmark for assessing the financial health of The Standardx.