What were All County's total current assets as of December 31, 2024?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
ults of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America
Joe Teston CPA Advisors St. Petersburg, Florida January 28, 2025
Joe Teston CPA Advisors
Balance Sheets
at December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 |
|---|
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2024, were $369,305. This figure represents the sum of All County's cash and cash equivalents, commissions receivable, amounts due from shareholders, and notes due from franchisees.
For a prospective franchisee, understanding the franchisor's current assets is crucial as it provides insight into the company's short-term financial health and liquidity. A higher value of current assets suggests that All County has sufficient resources to cover its immediate liabilities and operational expenses. This can be a positive indicator of financial stability.
In 2024, All County's cash and cash equivalents amounted to $372,503, while commissions receivable, net of any allowances, were reported as a deficit of $3,198. The document also indicates that there were no amounts due from shareholders or notes due from franchisees in 2024. Monitoring these individual components of current assets can help a franchisee assess the quality and reliability of the total current assets figure. Comparing these figures with previous years (2023 and 2022) shows a fluctuating trend in current assets, which may warrant further investigation by potential franchisees to understand the reasons behind these changes.
It is important to note that while current assets are a valuable indicator, they should be analyzed in conjunction with other financial metrics and information about All County to gain a comprehensive understanding of the company's financial position and stability.