What was the net change in cash and cash equivalents during the year for C3 Wellness Spa in 2023?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
| Cash Flows From Operating Activities | 1,00 | 2023 | 2022 | |
|---|---|---|---|---|
| Net income / (loss) Adjustments to reconcile net income to net cash provided by operating activities: Change in assets and liabilities | $ | (27,465) | $ | (17,739) |
| Accounts receivable Deferred revenue Net Cash Provided By (Used In) Operating Activities | ,— | (45,000) 81,000 8,535 | _ | (17,739) |
| Cash Flows From Investing Activities Net Cash Flows Provided By (Used In) Investing Activities | - | |||
| Cash Flows From Financing Activities Member's distributions Member's contributions | (20,000) | د کارک | ||
| Net Cash Flows Provided By (Used In) Financing Activities | - | 50,5 |
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, the net change in cash and cash equivalents during the year 2023 was $39,115. The cash and cash equivalents at the beginning of the year was not specified, but the cash and cash equivalents at the end of the year was $39,115.
This information is from the statement of cash flows, which provides insights into how C3 Wellness Spa manages its cash. A positive net change indicates that the company increased its cash holdings during the year. For a prospective franchisee, this suggests the franchisor is managing its finances in a way that leads to increased liquidity.
It's important to note that while a positive change in cash is generally favorable, it should be evaluated in conjunction with other financial metrics to get a complete picture of the company's financial health. A potential franchisee should look at the overall trend of cash flow changes over several years to assess the stability and growth potential of C3 Wellness Spa.