What was the total value of C12 Group's current assets in 2024?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
indings, and certain internal control related matters that we identified during the audit.
ADKF, P.C.
San Antonio, Texas
ADKF,PC
March 21, 2025
THE C12 GROUP, LLC Balance Sheets December 31, 2024 and 2023
| ASSETS | 2024 | 2023 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 1,641,633 | $ 1,601,398 |
| Restricted cash | 1,387,034 | 239,964 |
| Total cash | 3,028,667 | 1,841,362 |
| Accounts receivabl |
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 assets in 2024 were valued at $4,769,286. This figure represents the sum of several liquid asset categories, including cash and cash equivalents, restricted cash, accounts receivable, notes receivable (current portion), supply inventory, and prepaid expenses. In comparison, the total current assets in 2023 amounted to $2,806,115, indicating a substantial increase in current assets from 2023 to 2024.
For a prospective C12 Group franchisee, understanding the composition and value of current assets is crucial for assessing the company's short-term financial health and liquidity. A higher value of current assets suggests that C12 Group has sufficient resources to meet its immediate obligations and invest in growth opportunities. The increase in total current assets from 2023 to 2024 may reflect improved operational efficiency, increased sales, or effective management of working capital.
It's important to note that while the FDD provides a snapshot of C12 Group's financial position, it does not offer a comprehensive analysis of the factors driving changes in asset values. A prospective franchisee should conduct further due diligence to understand the underlying reasons for the increase in current assets and assess the sustainability of this trend. Additionally, comparing C12 Group's current asset values to those of its competitors or industry benchmarks can provide valuable insights into its relative financial performance.