What was the total amount of cash and restricted cash Card My Yard had at the end of 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
an | Dohler | 22279 Misty Woods | Boca Raton | FL | 33428 | +15617279255 | | Raton | | | Way | | | | | | Card My Yard | Dale | Sackett | 321 E Sunchase Dr | Granbury | TX | 76049 | +18172192756 | | Granbury | | | | | | | | | Card My Yard | Karen | Ott | 123 Casa Mirella | Windermere | FL | 34786 | +13525517661 | | Windermere | | | Way | | | | | | Card My Yard Gilbert | Skyanne McCoy & | Linley Salamanca | 5555 E Dolphin Ave | Mesa | AZ | 85206 | +14809389737 |For the Years Ended December 31,
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Supplemental disclosure of cash flow information: | |||||
| Cash paid for interest | $ 5,748,129 | $ | 5,102,711 | ||
| Cash paid for income taxes | 644,566 | 110,538 | |||
| Supplemental disc |
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the company's cash and restricted cash at the end of 2024 totaled $3,690,691. The FDD provides a reconciliation of cash and restricted cash, detailing the specific amounts held in each category. This figure is an important indicator of Card My Yard's financial health and liquidity.
Specifically, the balance sheet included in the FDD lists cash as $3,690,691 and restricted cash as zero for 2024. Restricted cash is funds set aside for a specific purpose and not available for general use. The absence of restricted cash in 2024 suggests that Card My Yard had no specific obligations or projects requiring segregated funds at that time.
Potential franchisees should consider this cash position in the context of Card My Yard's overall financial performance. A strong cash balance can provide stability and resources for future growth, while a low balance might indicate financial strain. Reviewing trends in cash and restricted cash over multiple years, as presented in the FDD, can offer a more comprehensive understanding of the company's financial management.