What was the total member's equity for Carvel, according to the provided table?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
l as evaluate the overall presentation of the consolidated financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Atlanta, Georgia March 21, 2025
Consolidated balance sheets
| December 29, 2024 | |||
|---|---|---|---|
| Assets | |||
| Current assets: | |||
| Cash and cash equivalents | $ 620 | $ | 403 |
| Restricted cash - securitization | 5,725 | 7,052 | |
| Accounts receivable, net of allowance for credit losses of | |||
| $1,695 and $1,136 in 2024 and 2023, respectively | 33,548 | 26,793 | |
| Prepaid expenses and other current assets | 5 | 5 | |
| Total current assets | 39,898 | 34,253 | |
| Assets held for lease, net | 261 | 362 | |
| Intangible assets, net | 306,188 | 306,299 | |
| Total assets | $ 346,347 | $ | 340,914 |
| Liabilities and Member's Equity | |||
| Current |
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the total member's equity as of December 29, 2024, was $285,638, and as of December 31, 2023, it was $283,330. This figure represents the ownership stake in the company attributable to its member(s). It is calculated as the difference between the company's assets and its liabilities.
For a prospective Carvel franchisee, understanding the member's equity can provide insights into the financial structure and stability of the franchisor. A higher member's equity generally indicates a stronger financial position. However, it's essential to consider this figure in conjunction with other financial metrics and industry benchmarks to get a comprehensive view.
The FDD also lists the total assets and total liabilities and member's equity. As of December 29, 2024, the total assets were $346,347, and the total liabilities and member's equity matched this amount. For December 31, 2023, both figures were $340,914. The balance sheet equation (Assets = Liabilities + Equity) is fundamental to financial accounting, and these figures demonstrate that Carvel's financial statements adhere to this principle.