What was the total liabilities and member's equity for Carvel?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
1,748 and $1,143 in 2024 and 2023, respectively | | 44,272 | 37,049 | | Inventories | | 1,128 | 978 | | Prepaid expenses and other current assets | | 12,118 | 9,263 | | Advertising funds assets | | 9,927 | 7,643 | | Intercompany receivables from Parent | | 3,277 | 3,277 | | Total current assets | | 115,063 | 110,454 | | Property, equipment, leasehold improvements and land, net | | 71,417 | 71,199 | | Operating lease assets, net | | 62,676 | 69,535 | | Goodwill | | 122,714 | 122,714 | | Intangible assets, net | | 496,479 | 495,389 | | Long-term other assets | | 13,986 | 13,305 | | Total assets | $ | 882,335 | $ 882,596 |
Consolidated balance sheets (cont'd)
| December 29, 2024 | December 31, 2023 | |
|---|---|---|
| Liabilities and Member's Deficit | ||
| Current liabilities: | ||
| Accounts payable | $ 5,320 | $ 8,395 |
| Accrued expenses and other liabilities | 81,587 | 75,840 |
| Income taxes payable | 3,851 | 7,620 |
| Advertising funds liabilities | 8,418 | 8,942 |
| Current portion of deferred revenue | 3,688 | 3,149 |
| Current portion of operating lease liabilities |
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the total liabilities and member's equity were reported for two different dates. On December 29, 2024, the total liabilities and member's equity amounted to $346,347. Prior to that, on December 31, 2023, the total liabilities and member's equity were $340,914.
These figures represent the sum of what Carvel owes to others (liabilities) and the value of the company attributable to its members or owners (equity). The liabilities include both current liabilities, such as accounts payable and accrued expenses, and long-term liabilities like long-term debt and deferred revenue. Member's equity reflects the accumulated capital and earnings retained within the business.
A prospective franchisee should view these figures as indicators of Carvel's overall financial structure and stability. A significant change in either liabilities or equity from one year to the next could signal shifts in the company's financial strategy or performance. It's important to note that the total liabilities and member's equity must always balance, reflecting the fundamental accounting equation (Assets = Liabilities + Equity).
It is important for potential franchisees to consult with a financial advisor to fully understand the implications of these figures and how they relate to the overall financial health and stability of Carvel.