As of December 31, 2023, what was the amount of cash and cash equivalents held by Churchs Chicken?

According to Churchs Chicken's 2025 Franchise Disclosure Document, the company held $4,189 in cash and cash equivalents as of December 31, 2023. This figure represents the amount of readily available funds the company had at its disposal on that specific date. Cash equivalents are short-term, highly liquid investments that can be easily converted into cash.

This information is found within the consolidated financial statements of Cajun Global LLC and its subsidiaries, which include Churchs Chicken. In addition to cash and cash equivalents, the balance sheet also lists other current assets such as restricted cash ($2,163), accounts receivable ($6,351), and inventory ($735). These figures provide a snapshot of the company's financial health and liquidity at the end of 2023.

For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests that Churchs Chicken has sufficient resources to support its operations, invest in growth, and potentially provide support to franchisees. However, it's important to consider this figure in the context of the company's overall financial performance, including its liabilities and long-term assets. Reviewing trends in cash and cash equivalents over multiple periods, as well as understanding any restrictions on cash usage, can provide a more complete picture of the company's financial stability.