What is the total of Checkers' current assets as of January 2, 2023?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
ain internal control-related matters that we identified during the audit.
Tampa, Florida April 1, 2025
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| December 30, January 1, 2024 2024 ASSETS Curr
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the company's total current assets as of January 1, 2024, were $30,309.
This figure represents the sum of Checkers's assets that are expected to be converted to cash or used up within one year. These assets include cash and cash equivalents ($12,557), accounts and notes receivable, net ($7,399), inventory ($2,178), prepaid expenses ($5,308), and other current assets ($2,867).
A prospective franchisee can use this information to assess the financial health and liquidity of Checkers. Current assets are a key indicator of a company's ability to meet its short-term obligations. Comparing the current assets to current liabilities can provide insights into the company's working capital and its ability to manage day-to-day operations. Note that the document provides the figures as of January 1, 2024, and not January 2, 2023, as requested in the question.