What was the Caring Transitions interest income in 2022?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Other income (expense): | |||
| Interest income | 24,656 | 9,850 | 3,225 |
| Interest expense | (804) | (1,753) | (3,734) |
| Other income | 689 | 150 | 6,463 |
| State & local taxes | (33,955) | (98,937) | (75,278) |
| Total other expense | (9,414) | (90,690) | (69,324) |
Source: Item 23 — RECEIPT (FDD pages 49–202)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the interest income for the company in 2022 was $3,225. This figure is part of the 'Other income (expense)' category reported in the company's receipts. It is important to note that this interest income is a component of the overall financial performance of Caring Transitions and contributes to the net income calculation.
For a prospective franchisee, understanding the interest income can provide insights into how Caring Transitions manages its cash and investments. While the interest income itself may not be a substantial revenue source, it reflects the company's ability to generate income from its liquid assets. This can be an indicator of financial stability and prudent financial management.
However, it's crucial to consider this figure in the context of the company's overall financial performance, including revenues, expenses, and other income sources. A prospective franchisee should also compare these figures with previous years to identify any trends or fluctuations in Caring Transitions' financial performance. Reviewing the complete financial statements and seeking professional financial advice is recommended to gain a comprehensive understanding of the company's financial health.