What is the total current assets for Afuri Ramen Dumpling?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| CURRENT ASSETS Cash and cash equivalents | S | 926,082 | s | 467,067 |
|---|---|---|---|---|
| Accounts receivable | ъ. | 48,765 | 4 | 22,323 |
| Prepaid Expense | 4,484 | 9,720 | ||
| Total current assets | - | 979,331 | - | 499,110 |
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the company's total current assets were $979,331 as of December 31, 2021, and $499,110 as of December 31, 2020. Current assets include cash and cash equivalents, accounts receivable, and prepaid expenses.
For a prospective Afuri Ramen Dumpling franchisee, understanding the franchisor's financial health is crucial. The current asset figures provide a snapshot of the company's short-term liquidity and its ability to meet its immediate obligations. A higher value of current assets relative to current liabilities generally indicates a stronger financial position.
It is important to note that these figures are from 2020 and 2021. While the FDD includes more recent information about the number of franchised locations and accounting practices, the balance sheet data is not the most current. A potential franchisee should request more up-to-date financial statements from Afuri Ramen Dumpling to assess the company's current financial standing.
Reviewing the trend in current assets over time, along with other financial metrics, can offer insights into the company's financial performance and stability. This information, combined with other due diligence efforts, can help a prospective franchisee make an informed decision.