What was the cash and cash equivalents at the end of the year for Brightstar Care on December 31, 2023?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | ||
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 2,447,666 | $267,218 |
| Accounts receivable, net of allowances for credit losses | ||
| of $773,024 and $213,282, respectively | 6,195,961 | 5,986,114 |
| Prepaid expenses | 1,711,449 | 1,782,560 |
| Other current assets | 148,277 | 435,628 |
| Total Current Assets | 10,503,353 | 8,471,520 |
| Property and Equipment, Net | 9,212,844 | 8,551,823 |
| Other Long-Term Assets | ||
| Operating lease - right-of-use asset | 1,576,830 | 137,232 |
| Notes receivable - affiliated companies, net | 10,531,865 | 7,287,629 |
| Total Other Long-Term Assets | 12,108,695 | 7,424,861 |
| Total Assets | $ 31,824,892 | $24,448,204 |
Source: Item 23 — RECEIPTS (FDD pages 118–387)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the cash and cash equivalents at the end of the fiscal year on December 31, 2023, was $267,218. This figure represents the amount of readily available cash and other liquid assets that Brightstar Care had on hand at the close of that fiscal year.
This information is relevant to potential franchisees as it provides insight into the financial health and liquidity of Brightstar Care. A higher cash and cash equivalents balance generally indicates a stronger financial position, which can be reassuring for franchisees who are considering investing in the brand. It demonstrates Brightstar Care's ability to meet its short-term obligations and potentially invest in future growth initiatives.
However, it is important to note that this figure is just one aspect of Brightstar Care's overall financial performance. Prospective franchisees should also consider other financial metrics, such as revenue, expenses, and profitability, as well as the company's overall financial statements, to gain a comprehensive understanding of its financial condition. Consulting with a financial advisor is recommended to properly assess the financial stability of Brightstar Care.