What was the cash and cash equivalents at the end of the year for Carbones Pizzeria?

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the company considers all highly liquid debt instruments purchased with original maturities of three months or less to be cash equivalents. For the year ended October 31, 2024, Carbones Pizzeria reported that there were no cash equivalents.

This means that as of October 31, 2024, Carbones Pizzeria did not hold any assets that qualified as cash equivalents under their accounting definition. This could be due to various factors, such as the company using available cash for investments, operations, or other purposes.

For a prospective franchisee, this information provides a snapshot of the company's financial position at a specific point in time. While the absence of cash equivalents doesn't necessarily indicate financial instability, it's a point to consider when evaluating the overall financial health and management practices of Carbones Pizzeria. It would be prudent to inquire about the reasons for not holding cash equivalents and to review the company's cash flow statements for a more comprehensive understanding of their liquidity management.