What was the total value of Annex Brands' current liabilities in 2023?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $ 2,228,000 | $ 2,757,000 |
| Deferred franchise revenue | 437,000 | 396,000 |
| Operating lease liabilities, current portion | 306,000 | |
| Total current liabilities | 2,971,000 | 3,153,000 |
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 current liabilities in 2023 were $3,153,000. Current liabilities represent obligations due within one year, such as accounts payable, accrued expenses, and deferred revenue.
For a prospective franchisee, understanding the franchisor's liabilities can provide insights into the financial stability and health of Annex Brands. A high level of current liabilities relative to current assets could indicate potential liquidity issues, while a lower level might suggest a stronger short-term financial position.
It's important to note that this figure is just one data point in a comprehensive financial analysis. A potential franchisee should review the complete financial statements, including the balance sheets, income statements, and cash flow statements, along with the accompanying notes, to gain a thorough understanding of Annex Brands' financial condition. Consulting with a financial advisor is recommended to properly assess the financial risks and opportunities associated with investing in an Annex Brands franchise.