What was the reported total current 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 total current assets for 2023 were $8,554,234 and for 2022 were $8,807,937. This indicates the liquid assets and resources that 1 800 Packouts has readily available to cover its short-term liabilities and operational expenses. These assets include cash, accounts receivable, and prepaid expenses.
A prospective franchisee should pay close attention to these figures as they provide insight into the financial health and stability of 1 800 Packouts. A higher value of current assets compared to current liabilities generally suggests a stronger ability to meet short-term obligations. Monitoring the trend in current assets from year to year can also reveal whether the company's liquidity position is improving or declining.
Understanding the composition of current assets, such as the breakdown between cash, accounts receivable, and inventory, is also crucial. For instance, a large portion of accounts receivable might indicate potential issues with collecting payments from customers, while a high cash balance suggests strong liquidity. Reviewing these figures in relation to industry benchmarks and the performance of other franchises can offer a more comprehensive assessment of the financial standing of 1 800 Packouts.