What was the amount of accounts payable for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets | |||
|---|---|---|---|
| Cash and cash equivalents | $ 10,716 | $ 26,197 | |
| Accounts receivable, net | 29,858 | 25,763 | |
| Merchandise inventories, net | 56,393 | 48,576 | |
| Prepaid expenses | 4,426 | 4,665 | |
| Due from marketing fund | 668 | 1,034 | |
| Total current assets | 102,061 | 106,235 | |
| Property and equipment | |||
| Furniture, fixtures and equipment | 15,913 | 14,383 | |
| Vehicles | 1,841 | 1,740 | |
| Leasehold improvements | 5,118 | 4,739 | |
| Software | 26,733 | 23,913 | |
| Finance lease right-of-use assets | 502 50,107 | 220 44,995 | |
| Accumulated depreciation | (29,978) | (24,213) | |
| Construction in process | 1,196 | 346 | |
| Total property and equipment | 21,325 | 21,128 | |
| Other assets | |||
| Goodwill, net | 35,709 | 25,051 | |
| Other intangible assets, net | 210,372 | 225,292 | |
| Operating lease right-of-use assets, net | 57,761 | 52,047 | |
| Notes receivable | 154 | 184 | |
| Total other assets | 303,996 | 302,574 | |
| LIABILITIES AND MEMBER’S EQUITY | |||
| Current liabilities | |||
| Accounts payable | $ 40,401 | $ 33,297 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the accounts payable for 2023 was $33,297. This figure represents the company's short-term liabilities or obligations to its suppliers and other creditors as of the end of that fiscal year. Accounts payable is a crucial metric for assessing a company's financial health and its ability to manage its current liabilities.
For a prospective franchisee, understanding the accounts payable figure provides insight into Batteries Plus Bulbs's financial management practices. A higher accounts payable could indicate that the company is taking longer to pay its suppliers, which might be a sign of cash flow challenges. Conversely, a lower accounts payable could suggest efficient management of short-term liabilities.
It is important to note that accounts payable is just one aspect of a company's overall financial picture. A prospective franchisee should also consider other factors such as accounts receivable, inventory levels, and overall profitability to gain a comprehensive understanding of Batteries Plus Bulbs's financial stability. Reviewing trends in accounts payable over multiple years, as presented in the FDD, can offer additional insights into the company's financial management and potential risks or opportunities for franchisees.