What were Benihana's other current assets as of December 31, 2020?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
inancial statements. We believe that our audit provides a reasonable basis for our opinion.
/s/ Plante & Moran PLLC
We served as the Company's auditor from 2018 to 2021.
Boulder, Colorado
March 19, 2021
F-4
THE ONE GROUP HOSPITALITY, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except share information)
| | December 31, 2021 | December 31, 2020 | |----------------------------------------------------------------------
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company's other current assets totaled $1,348 as of December 31, 2020. This figure is part of the company's consolidated balance sheets, which provide a snapshot of Benihana's financial position at a specific point in time.
Other current assets are assets that are expected to be converted to cash or used up within one year. These assets are distinct from cash and cash equivalents, accounts receivable, and inventory, which are listed separately. Examples of what might be included in 'other current assets' are prepaid expenses (like insurance or rent), short-term investments, or deferred tax assets.
For a prospective Benihana franchisee, understanding the composition and value of these 'other current assets' can offer insights into the company's short-term financial health and operational efficiency. While the specific items included in this category are not detailed in this excerpt, the amount is relatively small compared to other assets like cash or accounts receivable. A potential franchisee may want to inquire with Benihana about the specific items included in this category to gain a clearer understanding of the company's asset structure.