What was the total amount of Churchs Chicken's current assets as of December 25, 2022?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
, 2024
2312-4393389
2
A member firm of Ernet & Young Global Ermited
| Dec | December 31, 2023 | December 25, 2022 | ||||
|---|---|---|---|---|---|---|
| Assets | - | |||||
| Current assets: | ||||||
| Cash and cash equivalents | S | 4,189 | $ | 2,640 | ||
| Restricted cash | 2,163 | 3,066 | ||||
| Accounts receivable, net | 6,351 | 7,388 | ||||
| Inventory | 735 | 700 | ||||
| Prepaid expenses and other | 4,493 | 935 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–43)
What This Means (2025 FDD)
According to Churchs Chicken's 2025 Franchise Disclosure Document, the company's total current assets as of December 25, 2022, were $51,010.
This figure represents the sum of Churchs Chicken's assets that are expected to be converted into cash or used up within one year. These assets include cash and cash equivalents, restricted cash, accounts receivable, net inventory, prepaid expenses and other, and due from member.
A prospective franchisee should consider this information in relation to Churchs Chicken's liabilities and overall financial health. Analyzing the composition of current assets can provide insights into the company's liquidity and ability to meet its short-term obligations. Comparing these figures with previous years and industry benchmarks can further inform a franchisee's investment decision.