What was the total amount of current liabilities for Ben Jerrys as of the date of the provided financial statement?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
| INTERIM Q1 2025 Financial Statements Unaudited | |
|---|---|
| As of March 31, 2025 | |
| Ben & Jerry's Franchising, Inc. | |
| Balance Sheet | |
| (In thousands) | |
| Assets | |
| Current assets: | |
| Cash | $ 1 ,503 |
| Accounts Receivable, less allowance for doubtful accounts | |
| of $45 and $115 at March 31, 2022 and 2021, respectively | 363 |
| Due from parent, net | 3 7,043 |
| Inventories | 192 |
| Prepaid expenses and other current assets | 228 |
| Total current assets | 3 9,329 |
| Deferred tax assets | 472 |
| Fixed assets, net | 388 |
| Right of use assets, operating | 250 |
| Intangible assets, net | 705 |
| Total assets | 4 1,144 |
| Liabilities and Equity | |
| Current liabilities: | |
| Accounts payable | $ 673 |
| Accrued liabilities | 1,193 |
| Due to related party | 1 9,399 |
| Current tax liabilities | 458 |
| Current portion of operating lease liability | 79 |
| Deferred revenue | 73 |
| Total current liabilities | 2 1,875 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben & Jerry's 2025 Franchise Disclosure Document, the interim Q1 2025 financial statements, which are unaudited and as of March 31, 2025, show the company's total current liabilities. These liabilities include accounts payable, accrued liabilities, amounts due to a related party, current tax liabilities, the current portion of operating lease liability, and deferred revenue. The total current liabilities for Ben & Jerry's Franchising, Inc. as of March 31, 2025, amounted to $21,875 (in thousands).
For a prospective franchisee, understanding the current liabilities of Ben & Jerry's is crucial as it provides insight into the company's short-term financial obligations. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect the franchisor's ability to support its franchisees. Conversely, a manageable level of current liabilities suggests financial stability and the capacity to meet short-term obligations.
It's important to note that these figures are unaudited and represent a snapshot in time. Financial conditions can change, and it is advisable for potential franchisees to review the full financial statements, including the notes, and to seek professional financial advice to fully understand the financial health of Ben & Jerry's Franchising, Inc. before making any investment decisions. Reviewing past years' financial statements can also provide a trend analysis, offering a more comprehensive view of the company's financial performance.