What was the reported value of 'Other current assets' for Checkersrallys as of December 30, 2024?
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 value of 'Other current assets' as of December 30, 2024, was $799. This figure is part of the company's consolidated balance sheet, reflecting the financial position of Checkersrallys at that specific point in time. For comparison, the 'Other current assets' on January 1, 2024, was $2,867.
'Other current assets' typically include items that are expected to be converted into cash or used up within one year. These assets are distinct from cash, accounts receivable, inventory, and prepaid expenses, which are listed separately. The decrease in 'Other current assets' from January 1, 2024, to December 30, 2024, may reflect changes in the composition or valuation of these assets during the year.
A prospective Checkersrallys franchisee should understand the nature of these 'Other current assets' to assess the company's liquidity and short-term financial health. While the specific items included in this category are not detailed in this excerpt, it is important to recognize that fluctuations in this value can impact the overall financial stability of Checkersrallys. Franchisees may want to inquire about the specific items included in this line item and the reasons for the change during the year to gain a more complete understanding.