What was the total value of Chesters' current assets in 2022?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
mingham, Alabama April 4, 2024
CHESTER'S INTERNATIONAL, LLC BALANCE SHEETS DECEMBER 31, 2023 AND 2022
| ASSETS | ||
|---|---|---|
| 2023 | 2022 | |
| CURRENT ASSETS | ||
| Cash | $ 2,515,674 | $ 2,392,340 |
| Accounts receivable, net of allowance for | ||
| doubtful accounts | 5,299,346 | 3,735,366 |
| Due from related parties | 1,117,539 | 684,044 |
Source: Item 21 — **FINANCIAL STATEMENTS (FDD page 48)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the company's total current assets in 2022 were valued at $8,043,662. Current assets include cash, accounts receivable, amounts due from related parties, inventories, and prepaid expenses.
For a prospective franchisee, understanding the composition and value of Chesters' current assets can provide insights into the company's short-term financial health and liquidity. A higher value of current assets relative to current liabilities generally indicates a stronger ability to meet short-term obligations.
It's important to note that these figures are based on audited financial statements, prepared in accordance with accounting principles generally accepted in the United States of America. These statements reflect management's estimates and assumptions, and actual results could differ. Reviewing these figures in the context of Chesters' overall financial performance and industry benchmarks is advisable for any potential franchisee.