What were the total current assets for Caring Transitions in 2024?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
that we identified during the audit.
Clark, Schaefer, Hackett & Co.
Cincinnati, Ohio March 24, 2025
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| Current assets: | |||
| Cash | $ 2,075,001 | 949,879 | 979,239 |
| Restricted cash | 239,784 | 170,591 | 115,694 |
| Accounts receivable | 706,468 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the company's total current assets in 2024 were $3,021,253. This figure represents the sum of cash ($2,075,001), restricted cash ($239,784), accounts receivable ($706,468), and other receivables ($0).
For a prospective franchisee, understanding the composition of current assets is crucial. A significant portion of Caring Transitions' current assets is held in cash, which indicates strong liquidity. Accounts receivable also make up a notable part, reflecting money owed to the company by its customers. Monitoring these assets can provide insights into the company's short-term financial health and its ability to meet its immediate obligations.
It's also beneficial to compare these figures with previous years to identify trends. For instance, the FDD shows that Caring Transitions' cash, restricted cash, and accounts receivable have generally increased from 2022 to 2024, suggesting growth in these areas. Analyzing these trends can help a franchisee assess the financial stability and growth trajectory of the company.
Prospective franchisees should review the complete financial statements and consult with a financial advisor to fully understand the implications of these figures. Understanding the franchisor's financial health is a critical step in evaluating the overall viability of the franchise opportunity.