What were the principal payments on the credit line payable for All Team in 2023?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 2022 | ||
|---|---|---|
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from credit line payable | 15,371,492 | 21,942,195 |
| Principal payments on credit line payable | (15,758,708) | (22,540,407) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the principal payments on the credit line payable in 2023 were $(15,758,708). This figure represents the amount of cash All Team used to reduce its outstanding credit line during that year.
For a prospective franchisee, this information is crucial as it provides insight into All Team's debt management and cash flow. A substantial principal payment suggests that All Team is actively working to reduce its debt obligations, which can be a positive sign of financial health. However, it's also important to consider the context of these payments in relation to the company's overall financial performance and debt levels.
Franchisees should analyze these figures in conjunction with other financial data, such as revenue, expenses, and net income, to gain a comprehensive understanding of All Team's financial stability. Additionally, understanding the terms of the credit line, as detailed in Note 9, is important to assess the financial obligations of All Team.