What was the value of Carls' additional paid-in capital as of January 31, 2023, in thousands of dollars?
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 of long-term debt | $ | 13,700 | $ | 11,800 |
| Current portion of finance leases | 1,268 | 1,466 | ||
| Current portion of operating leases | 85,529 | _ | ||
| Accounts payable | 28,159 | 34,312 | ||
| Other |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the company's additional paid-in capital as of January 31, 2023, was $734,314. This figure represents the excess amount over the par value that Carls received from investors for its stock.
For a prospective franchisee, this number provides insight into the financial structure of Carls. Additional paid-in capital can be used for various corporate purposes, such as funding expansion, covering operational losses, or reducing debt. A healthy additional paid-in capital suggests that Carls has been successful in raising capital from investors.
It's important to note that this figure is just one component of Carls's overall equity and financial health. Franchisees should consider this value in conjunction with other financial metrics, such as total assets, liabilities, and accumulated deficit, to gain a comprehensive understanding of the company's financial stability and performance.