What was the cash and restricted cash at the beginning of the year for Caring Transitions in the most recent year presented?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
| Adjustment to reconcile net income to net cash | |||
|---|---|---|---|
| provided by operating activities: | |||
| Depreciation | 114,120 | 109,265 | 78,898 |
| Non-cash lease expense | 5,721 | (944) | 1,350 |
| Net change in assets and liabilities: | |||
| Accounts receivable | (173,605) | (143,068) | 4,928 |
| Other receivable | - | 6,463 | (6,463) |
| Deposit - payroll | - | - | 30,396 |
| Franchise contract asset | (85,147) | (68,345) | (25,712) |
| Accounts payable | (7,503) | 29,975 | 54,536 |
| Unearned revenue | 354,190 | (199,510) | 279,820 |
| Franchise contract liability | 336,556 | 244,898 | 144,805 |
| Accrued expenses | (38,412) | (3,203) | 139,062 |
| Net cash provided by operating activities | 3,226,193 | 2,304,605 | 1,719,143 |
| Cash flows from investing activities | |||
| Property and equipment purchased | (294,719) | (300,360) | (401,836) |
| Net cash used by investing activities | (294,719) | (300,360) | (401,836) |
| Cash flows from financing activities | |||
| Repayment of notes payable | (32,159) | (31,209) | (30,282) |
| Distributions | (1,705,000) | (1,947,499) | (1,092,501) |
| Net cash used by financing activities | (1,737,159) | (1,978,708) | (1,122,783) |
| Change in cash and restricted cash | 1,194,315 | 25,537 | 194,524 |
| Cash and restricted cash at beginning of year | 1,120,470 | 1,094,933 | 900,409 |
Source: Item 23 — RECEIPT (FDD pages 49–202)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the cash and restricted cash at the beginning of the year for the most recent year presented was $1,120,470. This figure represents the total amount of readily available funds and funds set aside for specific purposes that Caring Transitions had at the start of that year.
For a prospective franchisee, this number provides insight into the financial health and liquidity of Caring Transitions. It shows the company's ability to meet its short-term obligations and invest in future growth. A higher cash balance generally indicates a stronger financial position.
It is important to note that while this figure provides a snapshot of Caring Transitions' financial position at a specific point in time, it does not reflect the company's overall financial performance or future prospects. Prospective franchisees should carefully review the entire financial statements and other relevant information in the FDD to make an informed investment decision.