What was the total equity for Carls as of January 31, 2021?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
rating costs and expenses | 736,564 | 740,329 | | Operating income | 95,774 | 92,204 | | Interest expense | (62,900) | (63,303) | | Other income, net | 3,751 | 4,458 | | Income before income taxes | 36,625 | 33,359 | | Income tax expense | 8,865 | 8,620 | | Net income $ | 27,760 | $ 24,739 |
CKE RESTAURANTS HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands)
| Fi | scal 2023 | Fi | scal 2022 | |
|---|---|---|---|---|
| Net income | S | 27,760 | $ | 24,739 |
| Other comprehensive l |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the total equity as of January 31, 2021 was $344,778. This figure is derived from the combining consolidating balance sheet. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
For a prospective franchisee, understanding the equity position of Carls is crucial as it reflects the financial health and stability of the company. A higher equity amount generally indicates a stronger financial foundation, which can be reassuring for franchisees who are investing in the brand. This information helps potential franchisees assess the overall risk associated with investing in a Carls franchise.
It's important to note that this equity figure is just one component of a comprehensive financial analysis. Prospective franchisees should also review Carls's revenue, expenses, and debt levels to gain a complete understanding of the company's financial performance. Consulting with a financial advisor is recommended to interpret these financial statements and assess the investment's suitability.