What was the amount of Caption By Hyatt's accounts payable as of December 31, 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND EQUITY | ||
|---|---|---|
| CURRENT LIABILITIES: | ||
| Current maturities of long-term debt | $ 456 | $ 751 |
| Accounts payable | 475 | 493 |
| Accrued expenses and other current liabilities | 565 | 468 |
| Current contract liabilities | 1,553 | 1,598 |
| Accrued compensation and benefits | 192 | 210 |
| Current operating lease liabilities | 33 | 41 |
| Liabilities held for sale | — | 17 |
| Total current liabilities | 3,274 | 3,578 |
Source: Item 23 — Receipts (FDD pages 85–349)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the accounts payable as of December 31, 2024, was $475. This figure is part of Hyatt Franchising, L.L.C.'s unaudited balance sheet. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at that specific point in time.
Accounts payable represents the short-term obligations Caption By Hyatt owes to its suppliers and vendors for goods and services received but not yet paid for. This is a current liability, meaning it is expected to be settled within one year. Monitoring accounts payable is crucial for assessing a company's liquidity and its ability to meet its short-term obligations.
For a prospective Caption By Hyatt franchisee, understanding the franchisor's financial health is essential. A healthy balance sheet, including manageable accounts payable, indicates the franchisor's stability and ability to support its franchisees. Reviewing the balance sheet in its entirety provides a more comprehensive view of the franchisor's financial position.