What were the total current 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, a detailed breakdown of the company's liabilities and shareholder equity for 2024 and 2023 is provided. However, the excerpt does not include a specific figure for the total current assets as of December 31, 2024. The provided financial data focuses on liabilities and equity, offering insights into accounts payable, accrued expenses, taxes, distributions, contract liabilities, and various forms of debt.
While the document offers a comprehensive overview of liabilities and equity, the absence of current asset information means prospective franchisees cannot assess Christian Brothers Automotive's short-term financial health using this specific data. Current assets, such as cash, accounts receivable, and inventory, are crucial for evaluating a company's ability to meet its immediate obligations.
For a comprehensive financial analysis, it is essential to review the complete balance sheet, including both assets and liabilities. A prospective Christian Brothers Automotive franchisee should request the full financial statements from the franchisor to gain a clear understanding of the company's overall financial position. Specifically, they should inquire about the current assets, including cash, accounts receivable, and inventory, to assess the company's liquidity and short-term financial stability.