What was the total value of Auntie Annes' current assets in 2023?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| December 31, 2023 | December 25, 2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 22,662 | $ 31,196 |
| Restricted cash and cash equivalents - securitization | 29,582 | 27,456 |
| Accounts receivable, net of allowance for credit losses of | ||
| $1,143 and $1,383 in 2023 and 2022, respectively | 37,049 | 31,935 |
| Inventories | 978 | 1,116 |
| Prepaid expenses and other current assets | 9,263 | 8,720 |
| Advertising funds assets | 7,643 | 6,972 |
| Intercompany receivables from Parent | 3,277 | 3,277 |
| Total current assets | 110,454 | 110,672 |
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Annes' 2024 Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were $110,454. This figure represents the sum of several liquid asset categories. These categories include cash and cash equivalents, restricted cash and cash equivalents related to securitization, accounts receivable (net of allowance for credit losses), inventories, prepaid expenses and other current assets, advertising funds assets, and intercompany receivables from the Parent company.
Understanding the composition of current assets is crucial for prospective franchisees. Cash and cash equivalents represent the most liquid assets readily available to meet short-term obligations. Accounts receivable indicates money owed to Auntie Annes, while inventories reflect the value of raw materials and finished goods. Prepaid expenses are costs paid in advance for services or goods, and advertising funds assets are resources earmarked for marketing activities. Intercompany receivables represent amounts due from the parent company.
The FDD also provides a comparative figure for the previous year. As of December 25, 2022, Auntie Annes' total current assets were $110,672. This shows a slight decrease in total current assets from 2022 to 2023. Reviewing these figures over time can help potential franchisees assess the financial health and stability of Auntie Annes. It is important to note that these figures are presented in thousands of dollars.
Prospective franchisees should analyze these figures in conjunction with Auntie Annes' liabilities and overall financial performance to gain a comprehensive understanding of the company's financial position. Consulting with a financial advisor is recommended to interpret these financial statements and assess the financial risks and opportunities associated with investing in an Auntie Annes franchise.