What were Checkers' other current assets as of January 2, 2023?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
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Ernst + Young LLP
August 13, 2024
| Janu | ary 1, 2024 | Janua | ary 2, 2023 | |
|---|---|---|---|---|
| (St | iccessor) | (Pre | edecessor) | |
| Assets | ||||
| Current assets: | 0 | |||
| Cash and cash equivalents | $ | 12,557 | $ | 18,049 |
| Accounts and notes receivable, net | 7,399 | 6,143 | ||
| Inventory | 2,178 | 2,541 | ||
| Prepaid expenses | 5,308 | 4,468 | ||
| Other current assets |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the company's other current assets totaled $2,280 as of January 2, 2023. This figure is part of the consolidated balance sheets presented in the FDD, offering a snapshot of Checkers' financial position at that specific point in time.
For a prospective franchisee, "other current assets" can include various items that are not categorized as cash, accounts receivable, inventory, or prepaid expenses, but are still expected to be converted into cash within a year. These might encompass short-term investments, certain deferred tax assets, or other miscellaneous assets. Understanding the composition of this line item requires further investigation, as its nature can vary.
It's important for potential franchisees to review the accompanying notes to the financial statements for a detailed breakdown of what constitutes "other current assets." This deeper understanding can provide insights into the company's liquidity and short-term financial health. Furthermore, comparing this figure with previous years and with other similar franchises can help assess the stability and potential risks associated with investing in a Checkers franchise.