What was the total value of Bft's current assets as of December 31, 2023?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
statements.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of signi
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were valued at $12,073. This figure represents the sum of Bft's cash and cash equivalents, accounts receivable, net, prepaid expenses and other current assets, and deferred costs, current portion.
Understanding the composition of current assets is crucial for prospective franchisees. Cash and cash equivalents represent the most liquid assets, while accounts receivable reflect money owed to Bft. Prepaid expenses are payments made in advance for goods or services, and deferred costs are expenditures that will benefit future periods. Monitoring these components can provide insights into Bft's short-term financial health and operational efficiency.
It's important to note that these figures are based on Bft's financial statements and accounting practices. A prospective franchisee should review the complete financial statements and consult with a financial advisor to fully understand the implications of these assets for the franchise's financial stability and future performance. Analyzing trends in these assets over time can also offer valuable insights into Bft's growth and financial management.