What was the amount of accounts payable and accrued liabilities for 1-800-GOT-JUNK? as of May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
May 31 December 31
Notes
Assets
Current assets: Cash $ 11,635,584 $ 8,886,128 Short-term investment 103,622 102,578 Accounts receivable (net of allowance for credit losses: May 31, 2025 - $106,092 (2024 - $106,029)) 11,313,651 13,221,199 Prepaid expenses
82,279 319,453 Due from related parties 4,814,013 3,473,487 Income taxes recoverable
324,518 57,337
28,273,667 26,060,182
Vehicles 102,172 111,460 Intangible asset 89,680 40,745 Deferred income tax assets 2,153,795 2,213,502
$ 30,619,314 $ 28,425,889
Liabilities and Member’s Equity
Current liabilities: Accounts payable and accrued liabilities $ 3,802,470 $
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the accounts payable and accrued liabilities as of May 31, 2025, amounted to $3,802,470. This figure represents the company's short-term financial obligations to its suppliers, vendors, and other creditors. It is a crucial metric for assessing 1-800-GOT-JUNK?'s short-term financial health and liquidity.
For a prospective franchisee, understanding the accounts payable and accrued liabilities of 1-800-GOT-JUNK? is essential for evaluating the financial stability of the franchisor. A high level of accounts payable could indicate that the company is struggling to meet its short-term obligations, which might impact the support and services it can provide to its franchisees. Conversely, a lower figure might suggest better financial management and a stronger ability to support the franchise network.
It's important to note that this figure is part of the unaudited financial statements as of May 31, 2025. Franchisees should review these figures in the context of the full financial statements, including the audited statements for the years ended December 31, 2024, 2023, and 2022, to gain a comprehensive understanding of 1-800-GOT-JUNK?'s financial position. Additionally, prospective franchisees should seek professional financial advice to interpret these statements and understand the potential implications for their investment.