What were the total current liabilities for The C12 Group, LLC in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
| 10 1000 | | Other assets | 17,653 | 13,984 | | Total other assets | 661,738 | 801,124 | | | | | | Total Assets | $ 3,501,390 | $ 3,534,314 |
THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
| LIABILITIES AND MEMBERS' EQUITY | 2023 | 2022 |
|---|---|---|
| Current Liabilities: Accounts payable Accrued liabilities Unearned revenu |
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 liabilities in 2022 were $1,525,866. Current liabilities are obligations due within one year, such as accounts payable, accrued liabilities, unearned revenue, and the current portion of lease liabilities.
For a prospective C12 Group franchisee, understanding the franchisor's liabilities can provide insight into the company's financial stability and its ability to meet short-term obligations. A high level of current liabilities relative to current assets might indicate potential liquidity issues, which could affect the franchisor's support for its franchisees.
It is important to note that this figure represents a snapshot in time and can fluctuate. Reviewing the trend of current liabilities over several years, as well as comparing them to industry benchmarks, can offer a more comprehensive understanding of C12 Group's financial health. Additionally, prospective franchisees should consider these liabilities in the context of the company's overall financial position, including its assets, revenues, and profitability.