What was the total amount of 'Total liabilities and member’s equity' for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Member’s equity | 301,985 | 323,565 | | | Total liabilities and member’s equity 2024 | $ 4 27,382 2023 | $ 4 29,937 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the total liabilities and member's equity for the company in 2024 was $427,382.
This figure represents the sum of all the company's obligations to creditors (liabilities) and the value of the ownership stake in the company (member's equity). It is a fundamental accounting equation (Assets = Liabilities + Equity) and provides a snapshot of the company's financial structure at a specific point in time.
For a prospective franchisee, this number itself may not be as insightful as the individual components that make it up, such as the current and non-current liabilities, and the member's equity. Reviewing these components can provide a better understanding of the company's financial health and stability. Comparing these figures year-over-year, as presented in the FDD, can also reveal trends and potential areas of concern or strength.