What was the fair value of debt securities for Bw Premier Collection as of November 30, 2023?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2024 | 2023 | |
|---|---|---|---|
| Short-term debt securities available-for-sale (at fair value) | $ 16,824 | $ 11,643 | |
| Short-term debt securities held-to-maturity (at cost) | - | 4,296 | |
| Total short-term debt securities | $ 16,824 | $ 15,939 | |
| (in thousands) | 2024 | 2023 | |
| Long-term debt securities available-for-sale (at fair value) | $ 196,185 | $ 161,394 | |
| Long-term equity securities (at fair value) | 162,231 | 119,700 | |
| Total long-term debt and equity securities | $ 358,416 | $ 281,094 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, as of November 30, 2023, the company held short-term debt securities available-for-sale at a fair value of $11,643,000. Additionally, it held long-term debt securities available-for-sale at a fair value of $161,394,000 and long-term equity securities at a fair value of $119,700,000.
These figures reflect Bw Premier Collection's investment strategy and the values assigned to its debt and equity securities at that specific point in time. The distinction between short-term and long-term securities is based on their maturity dates, with short-term securities maturing within a year and long-term securities maturing beyond a year. The classification of securities as 'available-for-sale' indicates that they are not held for trading or held to maturity, but are available to be sold if needed.
The fair value represents the estimated market value of these securities as of the balance sheet date. It's important to note that these values can fluctuate based on market conditions and interest rate environments, as highlighted in other sections of the FDD. For a prospective franchisee, understanding these figures provides insight into Bw Premier Collection's financial management and investment practices.
It is also important to note that a portion of the company's available-for-sale debt securities were in an unrealized loss position as of November 30, 2023, due to the interest rate environment. However, Bw Premier Collection determined that there was no other than temporary impairment as of November 30, 2023.