What were the total current assets for Brightstar Care as of December 31, 2023?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
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|---|
Consolidated Balance Sheets
| December 31, 2023 | January 1, 2023 | |
|---|---|---|
| Assets | ||
| Current Assets Cash and cash equivalents Accounts receivable, net of allowances for credit losses of $213,282 and $309,337, respectively | $ 267,218 5,986,114 | $ 16,868 5,170,910 |
| Prepaid expenses | 1,782,56 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were $8,471,520. This figure represents the sum of Brightstar Care's assets that are expected to be converted into cash or used up within one year. These assets include cash and cash equivalents, accounts receivable (net of allowances for credit losses), prepaid expenses, and other current assets.
Specifically, the current assets include $267,218 in cash and cash equivalents, $5,986,114 in accounts receivable (net of allowances for credit losses of $213,282), $1,782,560 in prepaid expenses, and $435,628 in other current assets. Accounts receivable are amounts due to Brightstar Care from its customers, while prepaid expenses represent payments made in advance for goods or services to be received in the future.
A prospective Brightstar Care franchisee should consider the composition and size of these current assets when evaluating the financial health of the company. A healthy level of current assets indicates that Brightstar Care has sufficient liquidity to meet its short-term obligations. Monitoring the trends in these figures over time can provide insights into the company's financial performance and stability.