Does the total maturities of debt figure for The Standardx include finance lease obligations?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Total maturities of debt (1) | $ 3,805 |
|---|---|
| (1) Excludes $4 million of finance lease obligations and $27 million of unamortized discounts and deferred financing fees. |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the total maturities of debt figure excludes finance lease obligations. The provided table shows the total maturities of debt to be $3,805. This figure specifically excludes $4 million in finance lease obligations, as well as $27 million in unamortized discounts and deferred financing fees.
For a prospective franchisee, this means that the debt obligations listed do not account for any financial leases The Standardx may have. Financial leases represent long-term agreements where The Standardx essentially rents an asset, and these obligations are separate from the debts listed in the table.
It is important for potential franchisees to understand the distinction between different types of financial obligations. While the total maturities of debt provide a snapshot of The Standardx's more traditional debt, the finance lease obligations represent a different form of financial commitment. Understanding the nature and extent of all financial obligations can help a franchisee assess the overall financial health and stability of The Standardx.