What was the total value of Churchs Chicken's current assets in 2021?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | - | 2021 | 1010 | |
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | S | 3,551 | $ | 4,189 |
| Restricted cash | 2,058 | 2,163 | ||
| Accounts receivable, net | 8,210 | 6,351 | ||
| Inventory | 820 | 735 | ||
| Prepaid expenses and other | 468 | 4.493 |
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 in 2021 were $90,798. Current assets include cash and cash equivalents, restricted cash, accounts receivable, net inventory, prepaid expenses and other, and due from members.
A franchisee should understand the composition of these current assets, as they reflect the company's ability to meet its short-term obligations. For example, a significant portion of Churchs Chicken's current assets in 2021 was 'Due from member' at $75,691, which represents money owed to the company by its members.
Prospective franchisees should analyze these figures in relation to Churchs Chicken's current liabilities to assess the company's financial health and liquidity. Reviewing these figures over several years can reveal trends and potential areas of concern or strength.