What was the total amount of short-term investments for Bw Premier Collection in 2023 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
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Consolidated Statements of Financial Position
| (in thousands) | 2023 | As of November 30, 2022 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 161,159 | $ 239,426 |
| Restricted cash | 12,194 | 11,089 |
| Short-term investments | 15,939 | 16,396 |
| Accounts receivable, principally from Members, net | 61,858 | 72,182 |
| Prepaid expenses and other current assets | 18,017 | 17,265 |
| Income taxes receivable | 9,748 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the total amount of short-term investments in 2023 was $15,939 (in thousands). This figure represents the value of investments that Bw Premier Collection held that are expected to be converted into cash within a short period, typically less than a year.
Short-term investments are a component of Bw Premier Collection's current assets, which also include cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses, and income taxes receivable. These assets reflect the company's ability to meet its short-term obligations and fund its ongoing operations. The $15,939 (in thousands) in short-term investments contributed to a total of $278,915 (in thousands) in current assets for Bw Premier Collection in 2023.
Prospective franchisees should note that short-term investments can fluctuate based on Bw Premier Collection's investment strategies and cash flow needs. While a healthy level of short-term investments indicates financial stability, it's important to consider this figure in the context of the company's overall financial health and investment portfolio.