What was the total amount of Ben Jerrys' current liabilities in 2022?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
| BEN & JERRY'S FRANCHISING, INC. AND SUBSIDIARY | ||
|---|---|---|
| Consolidated Balance Sheets | ||
| (In Thousands) | ||
| 2023 | 2022 | |
| Assets | ||
| Current assets | ||
| Cash | $ 1,386 | $ 1,308 |
| Accounts receivable, allowance for credit losses of $45 | 375 | 321 |
| and $105 at December 31, 2023 and 2022, respectively | ||
| Due from parent, net | 23,241 | 18,415 |
| Inventories | 219 | 182 |
| Prepaid expenses and other current assets | 416 | 289 |
| Total current assets | 25,637 | 20,515 |
| Deposits | - | 4 |
| Deferred tax assets | 276 | 500 |
| Fixed assets, net | 546 | 688 |
| Right of use asset, operating | 346 | 423 |
| Right of use asset, financing | - | 36 |
| Intangible assets, net | 705 | 705 |
| Total assets | $ 27,510 | $ 22,871 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Accounts payable | $ 541 | $ 678 |
| Accrued liabilities | 1,244 | 1,657 |
| Due to related party | 7,282 | 3,236 |
| Current tax liabilities | 165 | - |
| Current portion of operating lease liability | 76 | 73 |
| Current portion of financing lease liability | - | 31 |
| Deferred revenue | 47 | 70 |
| Total current liabilities | 9,355 | 5,745 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the total current liabilities for Ben Jerrys in 2022 were $5,745,000. This figure represents the sum of various short-term financial obligations that Ben Jerrys was expected to settle within one year. These liabilities include accounts payable, accrued liabilities, amounts due to a related party, current tax liabilities, the current portion of operating and financing lease liabilities, and deferred revenue.
For a prospective Ben Jerrys franchisee, understanding the company's liabilities can provide insight into its financial stability and operational efficiency. A high level of current liabilities relative to current assets could indicate potential liquidity issues, meaning Ben Jerrys might face challenges in meeting its short-term obligations. However, it is also important to consider the nature of these liabilities. For instance, a significant portion of the current liabilities consists of amounts due to a related party ($3,236,000 in 2022), which may have different implications than liabilities owed to external vendors.
It's also worth noting that these figures are based on consolidated balance sheets, reflecting the financial position of Ben & Jerry's Franchising, Inc. and its subsidiary. As a potential franchisee, it would be prudent to compare these liability figures with those of previous years and with industry benchmarks to assess whether Ben Jerrys's financial health is improving, declining, or remaining stable. Additionally, understanding the specific terms and conditions of the liabilities, such as interest rates and payment schedules, can offer a more comprehensive view of the company's financial obligations.