What is the difference between total current assets and total assets for 1 800 Packouts?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
assets 1,460,144 792,682 Total current assets 8,554,234 8,807,937 Goodwill, net 56,518,636 63,918,327 Intangible assets, net 50,358,496 54,137,918 Contract assets, net of current portion 10,981,453 9,616,933 Operating lease right-of-use assets 1,246,432 1,153,787 Other assets 706,855 703,934 Total assets $ 128,366,106 $ 138,338,836 Liabilities and Members' Equity $ 655,035 $ 602,708 Accounts payable $ 655,035 $ 602,708 Accounts payable $ 655,035 $ 602,708 Accoured expenses 1,997,785 2,643,685 Current portion of contract liabilities 2,371,381 1,960,914 Current portion of poperating lease liabilities 229,780 154,246 Current portion of long-term de
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to 1 800 Packouts's 2025 Franchise Disclosure Document, the company provides figures for both total current assets and total assets. In 2023, 1 800 Packouts reported total current assets of $8,554,234 and total assets of $128,366,106. In 2022, the total current assets were $8,807,937, while total assets amounted to $138,338,836.
The difference between these two values represents the value of 1 800 Packouts's non-current assets. These include long-term investments, property, equipment, and intangible assets like goodwill and intellectual property. The significant difference between current and total assets indicates that 1 800 Packouts has substantial investments in assets that are not expected to be converted to cash within one year.
For a prospective franchisee, this breakdown is useful for understanding the capital structure of 1 800 Packouts. A large difference could imply stability through substantial long-term assets, but it could also raise questions about the efficiency of asset utilization. It is important to consider these figures in conjunction with liabilities and equity to assess the overall financial health and leverage of the company. A potential franchisee should seek clarification from 1 800 Packouts regarding the composition and valuation of these assets to make an informed investment decision.