What was the reported total of Checkersrallys' total assets in the earlier year presented?
Checkersrallys 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 | |
| Property and equipment, net | 31,679 | 29,309 | |
| Operating lease right-of-use assets | 132,807 | 145,380 | |
| Finance lease right-of-use assets | 31,231 | 22,632 | |
| Intangibles assets, net | 198,723 | 198,849 | |
| Favorable leasehold interests | 1,421 | 1,848 | |
| Goodwill, net | 26,872 | 30,037 | |
| Other assets | 1,203 | 2,353 | |
| Total assets | $ 455,780 | $ 460,717 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the company's total assets were reported for two periods. The earlier period shows total assets of $460,717. The later period shows total assets of $455,780.
These figures provide a snapshot of Checkersrallys's financial health and resources at those specific points in time. Total assets include everything the company owns that has economic value, such as cash, accounts receivable, inventory, equipment, and intangible assets.
A prospective franchisee can use this information to assess the scale and stability of Checkersrallys. Comparing asset values over time can reveal trends in the company's growth and investment strategies. However, it's essential to consider these figures in conjunction with liabilities and equity to get a complete picture of Checkersrallys's financial position. A significant change in total assets from one year to the next may warrant further investigation to understand the underlying causes and potential implications for franchisees.