What was the total value of Caring Transitions' current liabilities in 2022?

According to Caring Transitions' 2025 Franchise Disclosure Document, the company's total current liabilities in 2022 were $935,070. Current liabilities represent the company's short-term financial obligations, which are due within one year. These liabilities are a critical measure of a company's financial health and its ability to meet its immediate obligations.

The current liabilities consist of several components, including accounts payable, accrued expenses, unearned franchise fees, the current portion of notes payable, and the current portion of operating lease liabilities. Accounts payable totaled $54,536, representing short-term obligations to suppliers and vendors. Accrued expenses amounted to $354,138, covering expenses that have been incurred but not yet paid. Unearned franchise fees were $354,720, reflecting payments received for franchise rights that have not yet been fully earned. The current portion of notes payable was $31,210, indicating the amount of long-term debt due within the year. Lastly, the operating lease liability, current portion, was $140,466, representing lease payments due within the year.

Prospective franchisees should pay close attention to these figures as they provide insight into Caring Transitions' financial stability and its ability to manage its short-term obligations. A high level of current liabilities relative to current assets could indicate potential financial strain, while a lower level suggests a stronger financial position. Reviewing these figures over several years, as presented in the FDD, can reveal trends and provide a more comprehensive understanding of the company's financial management.