What was the total value of Auntie Annes' current assets as of December 25, 2022?
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 25, 2022, were $110,672.
This figure represents the sum of several liquid asset categories. These include cash and cash equivalents ($31,196), restricted cash and cash equivalents related to securitization ($27,456), accounts receivable net of allowance for credit losses ($31,935), inventories ($1,116), prepaid expenses and other current assets ($8,720), advertising funds assets ($6,972), and intercompany receivables from the parent company ($3,277).
Understanding the composition of current assets is crucial for prospective franchisees. It provides insight into the company's short-term financial health and its ability to meet immediate obligations. A healthy level of current assets indicates that Auntie Annes has sufficient liquidity to manage its day-to-day operations and invest in future growth. Franchisees may want to compare these figures with previous years and industry benchmarks to assess the company's financial stability and performance trends.