How did the total current assets change from 2023 to 2024 for Amerispec Inspection Services?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
nd timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Birmingham, Alabama April 30, 2025
TCB Services HoldCo, LLC and Subsidiaries Consolidated Balance Sheets December 31, 2024 and 2023
| 2024 | 2023 As Restated | |
|---|---|---|
| ASSE |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the company's total current assets increased from 2023 to 2024. In 2024, the total current assets were $4,304,195, while in 2023 (as restated), they were $3,669,594. This represents an increase of $634,601 in total current assets from 2023 to 2024.
For a prospective Amerispec Inspection Services franchisee, this information provides a snapshot of the company's financial health and its ability to manage its short-term assets. Current assets are important because they represent resources that can be readily converted into cash within a year to meet short-term obligations. A growing current asset base may indicate improved liquidity and financial stability for Amerispec Inspection Services.
However, it is important to consider the composition of current assets. The increase in total current assets is influenced by changes in individual components such as cash, accounts receivable, and prepaid expenses. For instance, cash decreased from $1,861,862 in 2023 to $1,736,027 in 2024, while accounts receivable increased from $1,617,560 in 2023 to $1,744,530 in 2024. Prepaid expenses and other current assets also increased from $190,172 in 2023 to $337,782 in 2024. Other receivables are listed as $485,856 in 2024, with no corresponding value listed for 2023.
Therefore, while the overall current assets increased, franchisees should investigate the reasons behind the changes in each component to gain a deeper understanding of the company's financial performance and working capital management. Understanding these trends can help potential franchisees assess the financial stability and operational efficiency of Amerispec Inspection Services.