What was the total current liabilities for All Team as of December 31, 2024?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| CURRENT LIABILITIES | ||
| Accounts payable - trade | $ 2,646 | $ 3,528 |
| Due to stockholder | 14,772 | 39,378 |
| Current maturity of operating lease liability | 58,709 | 53,626 |
| Credit line payable | 859,983 | 1,321,084 |
| Accrued expenses | 124,879 | 231,956 |
| Other funding liabilities | 1,133,303 | 919,887 |
| Total Current Liabilities | 2,194,292 | 2,569,459 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the company's total current liabilities as of December 31, 2024, were $2,194,292. This figure represents the sum of All Team's short-term financial obligations, including accounts payable, amounts due to the stockholder, the current maturity of operating lease liability, credit line payable, accrued expenses, and other funding liabilities.
For a prospective franchisee, understanding the franchisor's liabilities is crucial. A high level of current liabilities relative to current assets could indicate financial strain on All Team. This could impact the franchisor's ability to support franchisees, invest in system-wide improvements, or adapt to changing market conditions.
It is also useful to compare the 2024 figure of $2,194,292 to the corresponding figure from the previous year. In 2023, All Team's total current liabilities were $2,569,459. The decrease in current liabilities from 2023 to 2024 could be a positive sign, potentially indicating improved financial management or a reduction in short-term debt. However, a prospective franchisee should investigate the reasons for this change to fully understand its implications. Reviewing the complete financial statements and discussing these figures with All Team's management team would provide further clarity on the company's financial health and stability.