What was the total amount of current liabilities for Ben Jerrys as of March 31, 2025?
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, as of March 31, 2025, the total current liabilities for Ben & Jerry's Franchising, Inc. were $21,875 (in thousands). This figure represents the sum of several short-term financial obligations, including accounts payable ($673,000), accrued liabilities ($1,193,000), amounts due to a related party ($19,399,000), current tax liabilities ($458,000), the current portion of operating lease liability ($79,000), and deferred revenue ($73,000).
For a prospective Ben Jerrys franchisee, understanding the franchisor's current liabilities is crucial as it provides insight into their short-term financial health and obligations. A high level of current liabilities relative to current assets could indicate potential liquidity issues for Ben Jerrys, which might impact their ability to support franchisees or invest in the brand.
It's important to note that these are unaudited interim financial statements. While they offer a snapshot of Ben Jerrys's financial position at a specific point in time, they may not be as reliable as audited annual statements. Prospective franchisees should consider this when evaluating the financial health of Ben Jerrys and should consult with a financial advisor to fully understand the implications of these figures.