What was the total value of Ben Jerrys' current assets in 2023?
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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the company's total current assets in 2023 were $25,637,000. This figure represents the sum of several liquid asset categories that Ben Jerrys had on its balance sheets at the end of 2023. These categories include cash, accounts receivable (net of allowances for credit losses), amounts due from the parent company, inventories, and prepaid expenses along with other current assets.
For a prospective franchisee, understanding the composition and value of these current assets provides insight into the financial health and liquidity of Ben Jerrys. A substantial amount in current assets suggests that Ben Jerrys is capable of meeting its short-term obligations and has resources available for ongoing operations and potential investments. The 'Due from parent, net' item, which was $23,241,000 in 2023, indicates financial interactions with its parent company, Homemade, and ultimately Unilever.
It's important to note that these figures are consolidated, meaning they include the financial activities of Ben & Jerry's Franchising, Inc. and its subsidiary. Reviewing these figures in comparison to previous years (such as 2022) and analyzing the trends in each asset category can offer a more comprehensive understanding of Ben Jerrys's financial performance and stability. A potential franchisee should consider these factors when assessing the financial viability of investing in a Ben Jerrys franchise.