What was the total amount of 'Total current liabilities' for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS Current assets Cash and cash equivalents $ Accounts receivable, net Merchandise inventories, net Prepaid expenses Due from marketing fund | 10,716 29,858 56,393 4,426 668 102,061 | $ 26,197 25,763 48,576 4,665 |
|---|---|---|
| 1,034 | ||
| Total current assets | 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 | 220 |
| 50,107 | 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 |
| $ Total assets | 427,382 | $ 429,937 |
| LIABILITIES AND MEMBER'S EQUITY | ||
| Current liabilities | ||
| Accounts payable | 40,401 | $ 33,297 |
| $ | ||
| Accrued salaries and benefits | 4,928 | 3,618 |
| Current portion of note payable - store repurchase | 4,050 | - |
| Accrued warranty | 3,123 | 3,032 |
| Other accrued expenses | 2,848 | 3,379 |
| Due to franchisees | 395 | 380 |
| Current portion of operating lease liabilities | 6,359 | 5,582 |
| Current portion of finance lease liabil |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the total current liabilities for the company in 2024 were $62,715. This figure represents the sum of various short-term financial obligations that Batteries Plus Bulbs was expected to settle within a year. These liabilities include accounts payable, accrued salaries and benefits, the current portion of notes payable related to store repurchases, accrued warranty expenses, other accrued expenses, amounts due to franchisees, the current portion of operating lease liabilities, the current portion of finance lease liability, and the current portion of contract liability.
For a prospective franchisee, understanding the total current liabilities of Batteries Plus Bulbs is crucial as it provides insight into the company's short-term financial health and stability. A higher amount of current liabilities relative to current assets could indicate potential liquidity issues, meaning the company might face challenges in meeting its immediate obligations. Conversely, a manageable level of current liabilities suggests that Batteries Plus Bulbs is financially stable and capable of handling its short-term debts.
It is also useful to compare the 2024 figure of $62,715 to the 2023 figure of $50,405. The increase in total current liabilities from 2023 to 2024 indicates that Batteries Plus Bulbs had more short-term obligations in 2024 than in the previous year. Prospective franchisees should investigate the reasons behind this increase to assess whether it reflects normal business growth or potential financial strain. Understanding the composition and trends of these liabilities can help franchisees evaluate the financial risk associated with investing in a Batteries Plus Bulbs franchise.
In summary, the total current liabilities figure is a key indicator of Batteries Plus Bulbs's financial health. Potential franchisees should analyze this number in conjunction with other financial metrics and consult with financial advisors to make informed investment decisions. This analysis will provide a comprehensive understanding of the financial obligations and stability of Batteries Plus Bulbs, aiding in the assessment of the overall risk and potential rewards of the franchise opportunity.