As of December 31, 2023 and 2022, where did Benihana's cash and cash equivalents consist of?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
sumptions.
- We evaluated the reasonableness of management's undiscounted future cash flows analysis by comparing management's projections to (1) the Company's historical results, (2) internal communications to management and the Board of Directors, (3) external communications made publicly by management, and (4) industry data.
- We tested the completeness and accuracy of the underlying source information used by management to identify quantitative indicators o
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company's balance sheets provide figures for cash and cash equivalents as part of their total assets. As of December 31, 2023, Benihana had $21,047 in cash and cash equivalents. As of December 31, 2022, the company had $55,121 in cash and cash equivalents.
Cash and cash equivalents are considered current assets, which also include accounts receivable, inventory, other current assets, and amounts due from related parties. Total current assets for Benihana were $46,680 as of December 31, 2023, and $78,536 as of December 31, 2022.
These figures reflect the financial position of Benihana at the close of each fiscal year. Potential franchisees should consider these figures in the context of the company's overall financial health and trends. Note 14 regarding commitments and contingencies may provide further context, but is not included in this excerpt.