What is the total amount of current liabilities reported for Caring Senior Service?

According to Caring Senior Service's 2025 Franchise Disclosure Document, the total current liabilities for the company as of December 31, 2024, were $520,194. The FDD also includes figures for the prior two years, with total current liabilities of $463,163 as of December 31, 2023, and $368,353 as of December 31, 2022.

Current liabilities are a key indicator of a company's short-term financial obligations. These liabilities include accounts payable, accrued taxes, and the current portion of long-term debt. For Caring Senior Service, the current liabilities consist of trade accounts payable ($220,999), related party accounts payable ($2,858), accrued state franchise taxes ($23,126), advances from a related party ($95,535), the current portion of interest payable ($30,900), the current portion of long-term debt ($6,750), the current portion of a note payable from a related party ($6,845), and deferred franchise fees ($133,181).

A prospective franchisee should pay close attention to the trend in current liabilities. An increasing trend may indicate growing short-term obligations, which could impact the company's financial stability. However, it is also important to consider the context of these liabilities. For example, deferred franchise fees represent payments received for future services, so a higher balance may indicate strong sales. Advances from related parties could also reflect specific financing arrangements within the Caring Senior Service network.

Overall, the current liabilities figures provide valuable insight into Caring Senior Service's short-term financial health. A potential franchisee should analyze these figures in conjunction with other financial data, such as revenue and expenses, to gain a comprehensive understanding of the company's financial position. It is also advisable to discuss these figures with the franchisor to understand the underlying factors driving the changes in current liabilities over time.