What was the total liabilities and members' equity for C12 Group in 2023?
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 revenue Right-of-use operating lease liabilities, current portion Total current liabilities | $ 259,919 | $ 292,315 |
| 147,458 | 187,482 | |
| 238,717 | 914,503 | |
| 132,737 | 131,566 | |
| 778,831 | 1,525,866 | |
| Long-Term Liabilities: Right-of-use operating lease liabilitie |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the total liabilities and members' equity for the company in 2023 was $3,501,390. This figure represents the sum of all the company's liabilities (what it owes to others) and the equity held by its members (owners) at the end of the 2023 fiscal year.
Understanding this number is crucial for prospective franchisees as it provides a snapshot of C12 Group's overall financial health and stability. A higher number suggests a stronger financial foundation, while significant fluctuations from year to year could warrant further investigation. Franchisees may want to compare this figure with previous years to identify trends and assess the company's financial performance over time.
It's also important to note the individual components that make up this total. In 2023, C12 Group had current liabilities of $778,831, long-term liabilities of $33,449 and members' equity of $2,689,110. Reviewing these components can give a more detailed understanding of the company's financial structure and potential risks. Comparing these figures to those of other franchises in the same industry can provide a benchmark for evaluating C12 Group's financial position.