What was the amount of accounts payable and accrued liabilities for 1-800-GOT-JUNK? as of December 31, 2024?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Current liabilities: Accounts payable and accrued liabilities $ 4,138,456
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 December 31, 2024, were $4,138,456. This figure is part of the consolidated balance sheets and reflects the company's short-term financial obligations to its suppliers and other creditors. This number is important for prospective franchisees to understand the financial health and short-term liabilities of 1-800-GOT-JUNK?.
Accounts payable and accrued liabilities are current liabilities, representing obligations due within one year. Monitoring these liabilities helps assess 1-800-GOT-JUNK?'s liquidity and ability to meet its short-term obligations. A significant increase in accounts payable and accrued liabilities could indicate potential financial strain or changes in payment practices.
For a prospective franchisee, understanding the accounts payable and accrued liabilities provides insight into the financial management and stability of 1-800-GOT-JUNK?. It is advisable to compare these figures with previous years and industry benchmarks to evaluate the company's financial performance and risk profile. Reviewing these liabilities in conjunction with other financial statement items offers a comprehensive view of 1-800-GOT-JUNK?'s financial standing.