What is the relationship between 'Total current assets' and 'Total assets' for Belocal?

According to Belocal's 2025 Franchise Disclosure Document, as of June 30, 2025, the company's total current assets and total assets are equivalent. The FDD lists Belocal's total current assets as $12,178,026, which is comprised of cash and cash equivalents ($7,231,415), prepaid expenses ($727,353), prepaid taxes ($2,013), and due from affiliate ($4,217,245). The total assets are also listed as $12,178,026, with a deferred tax asset of $9.

This indicates that Belocal's current assets make up the entirety of its total assets. Current assets are those that can be converted to cash within one year, while total assets include all assets, both current and non-current (e.g. property, equipment, and long-term investments). The fact that Belocal's current assets equal its total assets suggests that the company may not have significant long-term or fixed assets.

For a prospective franchisee, this information provides a snapshot of Belocal's financial structure. It is important to further investigate the composition of these assets and liabilities, and to understand how Belocal manages its finances. Understanding the relationship between current and total assets can offer insights into the company's liquidity and overall financial health.