What was the reported value of cash equivalents for Annex Brands as of September 31, 2023?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 12,219,000 | $ 11,992,000 |
Source: Item 21 — Financial Statements (FDD page 109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $11,992,000 as of September 30, 2023. This figure represents the amount of readily available funds Annex Brands had at its disposal at the end of its fiscal year. Cash equivalents are defined as highly liquid debt instruments with maturities of three months or less.
This information is found within the consolidated balance sheets included in the FDD. These balance sheets provide a snapshot of Annex Brands' assets, liabilities, and equity at specific points in time. For prospective franchisees, the level of cash and cash equivalents can be an indicator of the company's financial stability and its ability to meet short-term obligations.
It is important to note that while this figure provides insight into Annex Brands' financial position, it represents only one aspect of the company's overall financial health. A prospective franchisee should review the complete financial statements and consult with a financial advisor to gain a comprehensive understanding of Annex Brands' financial performance and stability.