What was the reported total value of Checkers' current assets in the prior year?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | |||
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalents | $ 15,562 | $ 12,557 | |
| Accounts and notes receivable, net | 7,717 | 7,399 | |
| Inventory | 2,428 | 2,178 | |
| Prepaid expenses | 5,338 | 5,308 | |
| Other current assets | 799 | 2,867 | |
| Total current assets | 31,844 | 30,309 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the company's total current assets were valued at $30,309 for the period ending January 1, 2024. This figure represents the sum of Checkers' cash and cash equivalents, accounts and notes receivable, net inventory, prepaid expenses, and other current assets.
For a prospective franchisee, understanding the composition and value of current assets is crucial. Current assets are those that can be readily converted into cash within a year, indicating the company's short-term financial health and liquidity. A healthy level of current assets suggests that Checkers can meet its short-term obligations and invest in future growth.
It is important to note that while the FDD provides this historical snapshot, the actual financial performance of Checkers may vary over time due to market conditions, operational changes, and other factors. Therefore, prospective franchisees should carefully review the financial statements and consult with financial advisors to assess the current financial health and future prospects of Checkers.