What was the total liabilities and member’s equity for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER'S EQUITY | |||
|---|---|---|---|
| Current liabilities | |||
| Accounts payable | $ 33,297 | $ 23,497 | |
| Accrued salaries and benefits | 3,618 | 7,046 | |
| Note payable - store repurchase | - | 930 | |
| Accrued warranty | 3,032 | 2,960 | |
| Other accrued expenses | 3,379 | 2,829 | |
| Due to franchisees | 380 | - | |
| Current portion of operating lease liabilities | 5,582 | 5,915 | |
| Current portion of finance lease liability | 44 | 100 | |
| Current portion of contract liability | 1,073 | 1,372 | |
| Total current liabilities | 50,405 | 44,649 | |
| Non-current liabilities | |||
| Finance lease liability, less current portion | 131 | - | |
| Contract termination | 172 | 268 | |
| Contract liability, less current portion | 7,319 | 7,211 | |
| Operating lease liabilities, less current portion | 48,345 | 44,755 | |
| Total non-current liabilities | 55,967 | 52,234 | |
| Member’s equity | 323,565 | 332,251 | |
| Total liabilities and member’s equity | $ 429,937 | $ 429,134 |
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 liabilities and member’s equity in 2023 was $429,134. This figure represents the sum of all the company's debts to creditors (liabilities) and the portion of the company's assets owned by its members (equity) at the end of the 2023 fiscal year. This value is derived from the company's balance sheet, reflecting the accounting equation where assets equal the sum of liabilities and equity.
For a prospective franchisee, this number provides a snapshot of the financial structure of Batteries Plus Bulbs. A stable or growing total liabilities and member's equity can indicate financial health and the ability to manage debts while maintaining owner value. However, it is essential to analyze the components of this total, such as the ratio of liabilities to equity, to understand the company's leverage and risk profile. A high level of liabilities compared to equity might suggest higher financial risk, while a strong equity position could indicate stability.
It's also worth noting the change in total liabilities and member's equity from 2022 to 2023. In 2022, the total was $429,937. The decrease of $803 from 2022 to 2023 could be due to various factors, such as changes in debt levels, profitability, or distributions to members. Further investigation into the specific changes in liabilities and equity accounts would provide a more detailed understanding of the company's financial performance during this period. A potential franchisee should compare these figures with industry benchmarks and trends to assess the financial stability and growth potential of Batteries Plus Bulbs.