table_specific

How did the total liabilities and members' equity for C12 Group change from 2023 to 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 Unearned revenue Operating lease liabilities, current portion Total current liabilities $ 362,289 $ 259,919
222,289 147,458
1,899,383 238,717
38,158 132,737
2,522,119 778,831
Long-Term Liabilities: Long-term incentive plan Operating lease liabilities,

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 increased from 2023 to 2024. In 2023, the total liabilities and members' equity was $3,501,390. By 2024, this figure had increased to $5,446,125. This represents an increase of $1,944,735.

When evaluating a franchise opportunity, it is crucial to analyze the balance sheet to understand the company's financial health. An increase in total liabilities and members' equity can be viewed positively if the increase is due to growth in members' equity, which indicates that the company's assets are increasing relative to its liabilities. However, a significant increase in liabilities should be examined closely to determine the reasons behind the change and whether it poses any financial risk.

For a prospective C12 Group franchisee, this information is useful for assessing the financial stability and growth trajectory of the franchisor. It is advisable to compare these figures with previous years and industry benchmarks to gain a comprehensive understanding of C12 Group's financial performance. Further investigation into the specific components of liabilities and equity would provide a more detailed insight into the company's financial strategies and potential risks.

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.