What was the total amount of current liabilities for All Team in 2023?

According to All Team's 2025 Franchise Disclosure Document, the total current liabilities for the company in 2023 were $2,569,459. This figure represents the sum of several short-term financial obligations. These include accounts payable to trade vendors ($3,528), amounts due to stockholders ($39,378), the current maturity portion of operating lease liabilities ($53,626), credit line payable ($1,321,084), accrued expenses ($231,956), and other funding liabilities ($919,887).

For a prospective All Team franchisee, understanding the current liabilities is crucial as it provides insight into the company's short-term financial health and obligations. A high level of current liabilities relative to current assets could indicate potential liquidity issues, meaning the company might struggle to meet its short-term obligations. Conversely, a manageable level of current liabilities suggests financial stability.

It's important to note that current liabilities are distinct from long-term liabilities, which represent obligations extending beyond one year. In All Team's case, the long-term liability primarily consists of the operating lease liability, net of current maturity, which was $90,309 in 2023. Analyzing both current and long-term liabilities provides a comprehensive view of the company's overall debt structure and financial commitments.

Franchisees should consider these figures in conjunction with other financial metrics, such as revenue, profitability, and cash flow, to assess the overall financial health and stability of All Team. Consulting with a financial advisor to interpret these financial statements is advisable for any potential franchisee.