How much did Best Brains owe on the Credit Card at BOA4100 as of December 31, 2022?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| 6 ( | Other Current Liabilities | As at December 31, 2023 | As at December 31, 2022 |
|---|---|---|---|
| ( | Credit Card Liabilities | ||
| Credit Card at BOA4100 | 1,277.11 | 8,660.91 | |
| Credit Card at Chase | 36,525.47 | 48,735.96 | |
| Chase United | 29,956.61 | 434.79 | |
| Credit BCBS | 3,726.42 | 1,405.36 | |
| Citibank AAdvantage | 10,970.12 | 3,252.89 | |
| Total credit card Liabilities | 82,455.73 | 62,489.91 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the amount owed on the Credit Card at BOA4100 as of December 31, 2022, was $8,660.91. This figure is part of the company's overall credit card liabilities, which totaled $62,489.91 as of that date.
This information is relevant for prospective franchisees as it provides insight into Best Brains' financial obligations and how they manage their credit. A higher credit card liability could indicate a greater reliance on credit to finance operations, which may be a risk factor to consider. Conversely, a lower amount may suggest better financial management.
It's important to note that credit card liabilities are just one aspect of a company's overall financial health. Prospective franchisees should review the complete financial statements, including assets, liabilities, and equity, to gain a comprehensive understanding of Best Brains' financial position. Additionally, comparing these figures over multiple years can reveal trends and potential areas of concern or improvement.