What was the cash paid during the year for interest for Aunt Millies Bakeries in 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
ailable for sale and are carried at fair value, determined using level 1 inputs. The investments consist principally of common stock, treasury bonds and mutual funds and had a cost of approximately $2.843.000 and $67,000 at September 30, 2024 and 2023, respectively. Fair value approximated $2,843,000 and $67,400 at September 30, 2024 and 2023, respectively.
NOTE 3 - CASH FLOWS
Supplemental disclosures of cash flow information for the year ended September 30, 2024 and 2023 are as follows:
| 2024 | 2023 | |
|---|---|---|
| Noncash investing and financing activities | ||
| Issuance of notes receivable - distributor routes, offset | ||
| by deferred revenue, net of adjustments | $ 907,561 | $ 665,946 |
| Accrued stock |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the cash paid during the year for interest in 2024 was $1,482,822. This figure reflects the actual cash outflow for interest expenses during that fiscal year. For comparison, the cash paid for interest in 2023 was $1,786,912.
This information is found within the consolidated statements of cash flows, which provides a summary of all cash inflows and outflows for Aunt Millies Bakeries during the specified periods. Reviewing these figures allows prospective franchisees to understand the company's financial management and how it handles its debt obligations.
Understanding the interest payments is crucial for assessing the overall financial health of Aunt Millies Bakeries. Significant fluctuations in interest payments from year to year could indicate changes in the company's debt levels, interest rates, or financing strategies. A potential franchisee should investigate the reasons behind any notable changes to fully understand their implications.