What was the total members' equity for C12 Group 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 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 members' equity for the company in 2022 was $1,843,880. This figure represents the ownership stake of the members in the company, calculated as the difference between the company's assets and liabilities. Members' equity is a key indicator of the financial health and stability of C12 Group. A higher equity generally suggests a stronger financial position.
For a prospective C12 Group franchisee, understanding the members' equity can provide insight into the financial structure of the company. It reflects the accumulated earnings and investments within the company. Reviewing the trend in members' equity over several years, if available, would offer a more comprehensive view of the company's financial performance and its ability to manage and grow its net worth.
It is important to note that members' equity is just one aspect of the overall financial picture. A potential franchisee should also consider other financial metrics, such as revenue, expenses, and cash flow, to gain a complete understanding of C12 Group's financial health. Consulting with a financial advisor to interpret these financial statements is advisable for making an informed investment decision.