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What were the total current liabilities for C12 Group in 2024?

C12_Group Franchise · 2025 FDD

Answer from 2025 FDD Document

ortion | - | 13,356 | | Deposits | 161,353 | 17,653 | | Total other assets | 654,179 | 661,738 | | Total Assets | $ 5,446,125 | $ 3,501,390 |

THE C12 GROUP, LLC Balance Sheets December 31, 2024 and 2023

LIABILITIES AND MEMBERS' EQUITY 2024 2023
Current Liabilities: Accounts payable Accrued liabilities Unearne

Source: Item 22 — CONTRACTS (FDD page 46)

What This Means (2025 FDD)

According to C12 Group's 2025 Franchise Disclosure Document, the total current liabilities for the company in 2024 were $2,522,119. This figure represents the sum of several short-term financial obligations, including accounts payable, accrued liabilities, unearned revenue, and the current portion of operating lease liabilities. These are debts or obligations that C12 Group is expected to settle within one year.

Accounts payable, representing $362,289, are short-term debts owed to suppliers or vendors for goods and services received. Accrued liabilities, amounting to $222,289, are expenses that have been incurred but not yet paid, such as wages, salaries, or interest. Unearned revenue, which is a significant portion at $1,899,383, represents payments received for services or products that have not yet been delivered or rendered. The operating lease liabilities, current portion, totaling $38,158, reflects the portion of lease payments due within the next year.

For a prospective C12 Group franchisee, understanding the franchisor's current liabilities is crucial as it provides insight into the company's short-term financial health and stability. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect the franchisor's ability to support its franchisees. Conversely, a manageable level of current liabilities suggests that the franchisor is financially stable and capable of meeting its short-term obligations. Therefore, reviewing these figures in conjunction with the company's assets and overall financial performance is essential for assessing the financial risk associated with investing in a C12 Group franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.