What was the total amount of cash held by Chicken Guy in 2022?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
ents and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates under different assumptions or conditions.
Cash, Cash Equivalents and Restricted Cash
The Company considers all highly liquid debt investments with an initia
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the company's balance sheet shows cash holdings for the years 2022, 2023, and 2024. As of December 25, 2022, Chicken Guy held $18,762 in cash. Additionally, the company held $37,500 in restricted cash during that same period. The total of cash and restricted cash was $56,262.
It is important to note that the cash is maintained at various financial institutions and insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per institution. This means that Chicken Guy places its funds with high credit quality financial institutions and believes it is not exposed to any significant credit risk on cash.
Prospective franchisees should consider the company's cash position as an indicator of financial health. While the cash balance can fluctuate from year to year, it's essential to review these figures in conjunction with other financial metrics to gain a comprehensive understanding of Chicken Guy's financial performance. Reviewing the balance sheets for multiple years provides a more complete picture of the company's financial trends.