What is the trend in cash and cash equivalents from 2023 to 2024 for Annex Brands?
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's 2025 Franchise Disclosure Document, the company's cash and cash equivalents increased from 2023 to 2024. In 2023, Annex Brands reported cash and cash equivalents of $11,992,000. By 2024, this figure had risen to $12,219,000, indicating a positive trend in the company's liquid assets.
This increase in cash and cash equivalents suggests that Annex Brands experienced improved liquidity and financial stability during this period. For a prospective franchisee, this can be a reassuring sign, as it indicates that the franchisor is managing its finances effectively. A healthy cash position enables Annex Brands to invest in growth initiatives, support its franchisees, and weather potential economic downturns.
It is important to note that while this is a positive indicator, prospective franchisees should also consider other financial metrics and factors when evaluating the overall financial health of Annex Brands. Analyzing the complete financial statements, including revenue, expenses, and liabilities, will provide a more comprehensive understanding of the company's financial performance and stability. Additionally, potential franchisees should consult with a financial advisor to assess the risks and opportunities associated with investing in an Annex Brands franchise.