What were the total current assets for Benjamin Franklin Plumbing as of December 31, 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
ficant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- x Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, sig
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2024, were $103,214. This figure represents the sum of cash and cash equivalents ($46,193), restricted cash ($5,631), accounts receivable net ($34,962), inventory net ($7,201), and prepaid expenses and other current assets ($9,227). These assets are expected to be converted into cash within one year.
For a prospective Benjamin Franklin Plumbing franchisee, understanding the composition of current assets is crucial. A healthy level of current assets indicates the company's ability to meet its short-term obligations and invest in future growth. The largest components of current assets for Benjamin Franklin Plumbing are cash and cash equivalents and accounts receivable, which suggests a reliance on timely payments from customers.
It's also useful to compare these figures with the previous year. In 2023, Benjamin Franklin Plumbing's total current assets were $82,794. The increase to $103,214 in 2024 indicates a positive trend in the company's short-term financial health. Franchisees may want to inquire about the factors contributing to this increase and whether this trend is expected to continue.
However, it is important to note that this is just one aspect of the company's overall financial health. A prospective franchisee should also review the company's liabilities, equity, and overall financial performance to gain a comprehensive understanding of its financial stability. Consulting with a financial advisor is recommended to fully assess the implications of these figures.