What was the total value of Carvel's cash and cash equivalents in 2023?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
ificant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- Conclude whether, in our judgment, there are conditions or events, consi
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $22,662 in 2023. This figure represents the amount of liquid assets readily available to Carvel for immediate use.
Cash and cash equivalents are defined by Carvel as highly liquid investments with original maturities of three months or less. These funds are primarily held on deposit with commercial banks and in money market mutual fund accounts.
It is important to note that Carvel also holds restricted cash and cash equivalents, which are funds set aside for specific purposes, such as payments to noteholders or for securitized franchising activities. These restricted funds are not included in the $22,662 figure for unrestricted cash and cash equivalents. A prospective franchisee should consider Carvel's overall financial health, including both its liquid assets and any restricted funds, when evaluating the franchise opportunity.