What was the total amount of Canopy Lawn Care's member's equity in the earliest year presented?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Liabilities | |||
|---|---|---|---|
| Accounts payable and accrued expenses | $ 7 ,890,614 | $ 7 ,737,340 | $ 3 ,264,529 |
| Contract liability - deferred revenue on franchise sales | 9 36,343 | 2 ,189,795 | 1 ,619,650 |
| Contract liability - customer deposits | 1 ,016,629 | 1 ,518,782 | 7 80,338 |
| Operating lease liabilities, current portion | 9 65,045 | 6 64,894 | - |
| Total Current Liabilities | 1 0,808,631 | 1 2,110,811 | 5 ,664,517 |
| Long-Term Liabilities | |||
| Operating lease liabilities, net of current portion | 4 ,676,367 | 3 ,117,530 | - |
| Due to affiliated companies | 6 ,475,895 | 4 ,757,068 | - |
| 5 25,000 | 5 25,000 | - | |
| Note payable | |||
| 1 1,677,26 |
Source: Item 23 — RECEIPT (FDD pages 55–199)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the member's equity for the earliest year presented was $160,435,047. This figure represents the total equity attributable to the members of Canopy Lawn Care as of that year.
Member's equity is a crucial indicator of the company's financial health, reflecting the ownership stake of its members in the assets of the company after deducting liabilities. A higher member's equity generally suggests a stronger financial position. For prospective franchisees, this number provides insight into the financial stability and long-term viability of Canopy Lawn Care.
It is important to note that while a substantial member's equity is generally positive, potential franchisees should also consider other financial metrics and factors, such as revenue, profitability, and debt levels, to gain a comprehensive understanding of Canopy Lawn Care's overall financial performance and stability. Reviewing trends in member's equity over multiple years, as presented in the table, can offer a more insightful perspective than a single year's data alone.