What was the total value of Annex Brands' cash and cash equivalents 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 |
Source: Item 21 — Financial Statements (FDD page 109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the company's total value of cash and cash equivalents for 2023 was $11,992,000. This figure represents the amount of readily available funds that Annex Brands had on hand as of September 30, 2023.
Cash and cash equivalents are vital for covering immediate expenses, short-term obligations, and any unforeseen financial needs. A healthy balance of cash and cash equivalents indicates that Annex Brands has sufficient liquidity to manage its day-to-day operations and meet its short-term liabilities.
Prospective franchisees should consider this figure in the context of Annex Brands' overall financial health and stability. It is also important to compare this value with previous years to identify any trends in the company's liquidity position. Reviewing the complete financial statements and consulting with a financial advisor can provide a more comprehensive understanding of Annex Brands' financial standing.