What was the total of Benihana's 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 total current assets as of December 31, 2020, were $34,376. Current assets include cash and cash equivalents, accounts receivable, inventory, other current assets, and due from related parties.
A prospective franchisee should understand the composition and trends of these assets, as they reflect the company's short-term financial health and liquidity. Higher current assets suggest a greater ability to meet short-term obligations.
Specifically, the FDD lists the following components of current assets as of December 31, 2020: Cash and cash equivalents ($24,385), Accounts receivable ($5,777), Inventory ($2,490), Other current assets ($1,348), and Due from related parties ($376). Reviewing these figures in comparison to previous and subsequent years can reveal important trends about Benihana's operational efficiency and financial management.