What was the total value of Ben Jerrys' 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 |
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 liabilities in 2022 amounted to $6,312,000. This figure represents the sum of all financial obligations that Ben Jerrys owed to external parties at the end of that fiscal year. These liabilities are categorized into current liabilities (obligations due within one year) and non-current liabilities (obligations due beyond one year).
Specifically, Ben Jerrys's current liabilities in 2022 totaled $5,745,000, encompassing accounts payable, accrued liabilities, amounts due to related parties, current tax liabilities, the current portion of operating and financing lease liabilities, and deferred revenue. Non-current liabilities accounted for the remaining portion, totaling $567,000, which included deferred revenue, the non-current portion of operating lease liability, and the non-current portion of financing lease liability.
Understanding the composition and magnitude of these liabilities is crucial for prospective franchisees. It provides insight into Ben Jerrys's financial leverage, its ability to meet short-term and long-term obligations, and its overall financial health. A high level of liabilities relative to assets could indicate higher financial risk, while a manageable level suggests stability and efficient financial management. Franchisees should analyze these figures in conjunction with other financial metrics to assess the financial viability of the Ben Jerrys franchise system.