What was the total current assets for Annex Brands in 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 |
| Accounts receivable, net of allowance for doubtful | ||
| accounts of $910,000 and $948,000, respectively | 1,377,000 | 1,642,000 |
| Prepaid expenses and other current assets | 1,220,000 | 704,000 |
| Total current assets | 14,816,000 | 14,338,000 |
Source: Item 21 — Financial Statements (FDD page 109)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, the company's total current assets in 2023 were $14,338,000. This figure represents the sum of cash and cash equivalents, accounts receivable (net of allowance for doubtful accounts), and prepaid expenses and other current assets. These are assets that Annex Brands expects to convert to cash within one year.
Specifically, the current assets include cash and cash equivalents of $11,992,000, accounts receivable (net of allowance for doubtful accounts of $948,000) of $1,642,000, and prepaid expenses and other current assets of $704,000. These individual components provide a more detailed picture of the types of liquid assets Annex Brands held at that time.
Prospective franchisees can use this information to assess the financial health and liquidity of Annex Brands. A strong current asset position suggests that the company has sufficient resources to meet its short-term obligations. Reviewing these figures over several years, as presented in the FDD, can reveal trends and provide a more comprehensive understanding of the company's financial management.