What was the reported total of current assets for Checkersrallys?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
ignificant audit findings, and certain 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)
| Successor | ||
|---|---|---|
| December 30, | January 1, | |
| 2024 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the total current assets as of December 30, 2024, were $31,844 and as of January 1, 2024, were $30,309. Current assets include cash and cash equivalents, accounts and notes receivable, net, inventory, prepaid expenses, and other current assets.
For a prospective Checkersrallys franchisee, understanding the current asset position of the company is crucial. It provides insight into the company's short-term financial health and its ability to meet its immediate obligations. A higher value of current assets relative to current liabilities generally indicates a stronger liquidity position.
The FDD also lists the components of current assets. Cash and cash equivalents were $15,562 on December 30, 2024, and $12,557 on January 1, 2024. Accounts and notes receivable, net, were $7,717 and $7,399, respectively. Inventory was $2,428 and $2,178. Prepaid expenses were $5,338 and $5,308. Other current assets were $799 and $2,867.
Reviewing these figures allows potential franchisees to assess the composition and quality of Checkersrallys's current assets. Significant fluctuations in these figures between the two dates could warrant further investigation to understand the underlying reasons and potential implications for the franchise's financial stability.