What was the total current assets for the C12 Group in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
cial statements of which an unmodified opinion was expressed on those financial statements.
Schriver, Carmona & Company, PLLC
San Antonio, Texas March 15, 2023
Consolidated Balance Sheets December 31, 2022 and 2021
| Assets | 2022 | 2021 |
|---|---|---|
| Current Assets: Cash an |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's total current assets in 2021 were $1,287,288. This figure represents the sum of several liquid asset categories, including cash and cash equivalents ($557,712), restricted cash ($122,954), accounts receivable ($450,982), and supplies inventory and other assets ($155,640).
Understanding the composition of current assets is crucial for prospective franchisees. These assets reflect C12 Group's ability to meet its short-term obligations and fund its day-to-day operations. A higher value of current assets relative to current liabilities generally indicates better financial health and liquidity.
For a potential C12 Group franchisee, this information provides insight into the financial stability of the franchisor. While reviewing this data, it's important to compare these figures with those of previous years and with other franchise opportunities to assess the overall financial trend and relative strength of C12 Group. Additionally, it would be prudent to investigate any significant changes in the composition of current assets from year to year, as this could signal shifts in the company's operational strategies or financial management.