What was the amount of accounts payable for Antioch Pizza Shop in 2022?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Liabilities and Stockholders' Equity | ||||||
| Current liabilities | ||||||
| Accounts payable | $ | 5,943 | $ | 8,142 | $ | 1,759 |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, the accounts payable for the company in 2022 was $1,759. This figure represents the amount the company owed to its suppliers and other creditors at the end of that fiscal year. Accounts payable are considered current liabilities, reflecting obligations due within a year.
Understanding the accounts payable is crucial for prospective franchisees as it provides insight into the company's short-term financial obligations. A low accounts payable balance might suggest efficient management of liabilities, while a high balance could indicate potential cash flow challenges. Reviewing these figures over several years, as presented in the FDD, allows potential franchisees to identify trends and assess the financial stability of Antioch Pizza Shop.
For potential franchisees, it's important to compare these figures with industry benchmarks and to analyze the company's overall financial health. This includes examining the relationship between accounts payable and other liabilities, as well as the company's assets and equity. Consulting with a financial advisor can provide further clarity on the implications of these financial statements.