What was the total liabilities and member’s equity for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER’S EQUITY | |||
|---|---|---|---|
| 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's 2025 Franchise Disclosure Document, the total liabilities and member’s equity for the year 2024 was $427,382.
This figure represents the sum of all the company's debts (liabilities) and the value of the owner's stake in the company (member's equity) at the end of the fiscal year. It is a fundamental accounting equation (Assets = Liabilities + Equity) and provides a snapshot of the company's financial position at a specific point in time.
A prospective franchisee can use this information to assess the financial stability and solvency of Batteries Plus Bulbs. A higher number suggests a stronger financial base, while significant changes from year to year could indicate potential financial risks or opportunities. It's important to compare this figure with previous years and industry benchmarks to gain a comprehensive understanding of the company's financial health.