What was the reported total of Christian Brothers Automotive's total current liabilities in 2022?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
5 | 22,511,144 | | Total assets | $ 663,061,823 | $ 576,351,339 |
Consolidated Balance Sheets December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Liabilities and Shareholders' Equity |
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 total current liabilities in 2022 were $14,243,000. In 2023, this figure increased to $15,458,000.
Understanding a franchisor's liabilities is crucial for potential franchisees. Current liabilities represent obligations due within one year, such as accounts payable, salaries, and short-term debt. Monitoring these figures can indicate the company's short-term financial health and its ability to meet its immediate obligations.
A significant increase in current liabilities could signal potential financial strain, while a stable or decreasing trend might suggest better financial management. Prospective franchisees should analyze these figures in conjunction with other financial data, such as assets and revenue, to gain a comprehensive understanding of Christian Brothers Automotive's financial stability. Consulting with a financial advisor is recommended to assess the implications of these liabilities for the franchise's future performance.