What was the total value of Caring Transitions' current assets 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 for 2024 were valued at $3,021,253. This figure represents the sum of Caring Transitions' cash, restricted cash, accounts receivable, and other receivables.
For a prospective franchisee, understanding the composition and value of current assets is crucial. Current assets are those that can be converted into cash within a year. A substantial amount of cash indicates strong liquidity, which can be beneficial for covering short-term obligations and supporting business operations. Accounts receivable, representing money owed to Caring Transitions by its customers, also contribute to liquidity, although their actual value depends on how quickly and reliably these amounts can be collected.
By reviewing Caring Transitions' balance sheets, potential franchisees can gain insight into the company's financial stability and its ability to manage its short-term assets and liabilities. This information, combined with other financial metrics and due diligence, can help franchisees make informed decisions about investing in a Caring Transitions franchise.