What was the amount of additional paid-in capital for Carls as of January 31, 2023?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
| Jan | uary 31, 2023 | Jan | uary 31, 2022 | |
|---|---|---|---|---|
| ASSETS | ||||
| Current assets: | 281/457 $257 | |||
| Cash and cash equivalents | 107,853 | $ | 130,508 | |
| Cash and cash equivalents - restricted | 16,053 | 16,059 | ||
| Accounts receivable, net | 37,541 | 39,123 | ||
| Inventories | 2,999 | 4,220 | ||
| Prepaid expenses | 6,183 | 21,605 | ||
| Other current assets | 83 | 24 | ||
| Total current assets | - | 170,712 | 211,539 | |
| Property and equipment, net | 371,572 | 362,149 | ||
| Operating lease assets | 448,064 | _ | ||
| Goodwill | 540,083 | 540,083 | ||
| Intangible assets, net | 793,030 | 844,385 | ||
| Other assets, net | 29,806 | 27,413 | ||
| Total assets | $ | 2,353,267 | $ | 1,985,569 |
| LIABILITIES AND EQUITY | ||||
| Current liabilities: | ||||
| Current portion |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the additional paid-in capital as of January 31, 2023, was $734,314. This figure represents the excess amount over the par value that investors paid for Carls's stock. It is a component of the company's equity.
Additional paid-in capital typically arises when a company issues shares at a price higher than their par value. This can occur through private placements or public offerings. The additional capital can be used for various purposes, such as funding expansion, acquisitions, or debt repayment.
For a prospective Carls franchisee, understanding the company's financial structure, including its equity components like additional paid-in capital, can provide insights into its financial stability and investment attractiveness. Reviewing these figures over time can reveal trends in how the company manages its capital and finances its operations.