What was the change in prepaid expenses and other assets for Basecamp Fitness in 2023 (in thousands of US dollars)?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands of US dollars) | 2024 2023 2022 | |
|---|---|---|
| Changes in assets and liabilities | ||
| Prepaid expenses and other assets | (6,035) 1,984 (2,196) |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, in 2023, the change in prepaid expenses and other assets was $1,984 thousand. This figure reflects the net change in the company's prepaid expenses and other assets during that year.
For a prospective franchisee, this number is part of the overall financial health assessment. Prepaid expenses are costs paid in advance for goods or services to be received in the future, while other assets can include items like short-term investments or notes receivable. An increase in this category could suggest Basecamp Fitness is making strategic investments or managing its expenses effectively.
However, it's essential to consider this figure in the context of the company's overall financial performance. Franchisees should look at trends over multiple years and compare these figures to industry benchmarks to gain a comprehensive understanding. Consulting with a financial advisor is recommended to interpret these financial statements accurately and assess the potential risks and opportunities.