What were the total assets 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 | $ 2,904,676 |
| Accrued expenses | 7,354,134 | 6,348,505 |
| State and property taxes payable | 495,321 | 1,101,099 |
| Distributions payable | 2,877,692 | 2,554,625 |
| Contract liabilities | 11,742,030 | 11,148,029 |
| Current portion of long-term debt | 6,203,979 | 8,761,256 |
| Current portion of subordinated debt | - | 1,618,000 |
| Operating lease liability, current | 41,198,967 | 39,040,315 |
| Other current liabilities | 1,550,049 | 2,853,787 |
| Total current liabilities | 78,611,747 | 76,330,292 |
| Deferred Gain on Sale of Leased Properties | 6,300,242 | 7,153,473 |
| Operating Lease Liability, Long-Term | 412,389,122 | 382,496,160 |
| Long-Term Debt, Net of Current Portion and | ||
| Unamortized Loan Fees | 123,854,389 | 124,203,040 |
| Subordinated Debt, Net of Current Portion | 29,916,000 | 29,067,000 |
| Total liabilities | 651,071,500 | 619,249,965 |
| Shareholders' Equity | ||
| Common stock; $0.002 and $1 par value at December 31, 2024 | ||
| and 2023, respectively, 1,000,000 shares authorized, 72,773 and | ||
| 73,773 shares issued and outstanding at December 31, 2024 | ||
| and 2023, respectively | 134 | 134 |
| Additional paid-in capital | 12,330,226 | 8,894,013 |
| Treasury stock; 1,000 shares at cost as of | ||
| December 31, 2024 and 2023, respectively | (1,037,740) | (1,037,740) |
| Unearned ESOP share value | ||
| (17,817,842) | (18,461,026) | |
| Retained earnings | 84,814,128 | 58,061,904 |
| Total shareholders' equity attributable to Christian | ||
| Brothers Automotive Corporation stockholders | 70,013,853 | 47,457,285 |
| Noncontrolling interest | 8,275,053 | (3,645,427) |
| Total stockholders' equity | 78,288,906 | 43,811,858 |
| Total liabilities and shareholders' equity | $ 729,360,406 | $ 663,06 |
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 assets as of December 31, 2024, were $729,360,406. This figure represents the sum of all resources owned by Christian Brothers Automotive at that point in time. For comparison, the FDD also shows that the total assets as of December 31, 2023, were $663,061,823.
Understanding a franchisor's asset value can be valuable for prospective franchisees. A higher asset value can indicate financial stability and the ability to support franchisees. It can also reflect the scale and scope of the Christian Brothers Automotive's operations.
It is important to note that while total assets provide a snapshot of the company's financial position, it should be analyzed in conjunction with liabilities and equity to get a comprehensive understanding of Christian Brothers Automotive's overall financial health. Reviewing the complete financial statements, including the balance sheets, income statements, and cash flow statements, is essential for a thorough assessment.