What were the accounts payable for Christian Brothers Automotive as of December 31, 2024?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
d 2023
| 2024 | 2023 | |
|---|---|---|
| Liabilities and Shareholders' Equity | ||
| Current Liabilities | ||
| Accounts payable | $ 7,189,575 | $ 2,90 |
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the company's accounts payable as of December 31, 2024, were $7,189,575. This figure represents the amount of money Christian Brothers Automotive owed to its suppliers and other creditors for short-term obligations. In comparison, the accounts payable as of December 31, 2023, were $2,904,676.
The increase in accounts payable from 2023 to 2024 could indicate several things about Christian Brothers Automotive's financial operations. It might suggest an increase in purchasing activity, a change in payment terms with suppliers, or a strategic decision to manage cash flow by delaying payments. For a prospective franchisee, understanding these trends is crucial for assessing the financial health and stability of the franchisor.
Analyzing the balance sheet provides valuable insights into Christian Brothers Automotive's financial management practices. Reviewing these figures in the context of overall liabilities and assets can help potential franchisees evaluate the company's ability to meet its obligations and manage its financial resources effectively. It's also advisable for prospective franchisees to compare these figures with industry benchmarks to determine if Christian Brothers Automotive's financial performance aligns with or deviates from industry norms.