What was the total liabilities and member's equity for Cinnabon in the later reported year?
Cinnabon Franchise · 2025 FDDAnswer from 2025 FDD Document
nting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Atlanta, Georgia March 21, 2025
Consolidated balance sheets
| December 29, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 620 | $ 403 |
| Restricted cash - securitization | 5,725 | 7,052 |
| Accounts receivable, net of allowance for credit losses of | ||
| $1,695 and $1,136 in 2024 and 2023, respectively | 33,548 | 26,793 |
| Prepaid expenses and other current assets | 5 | 5 |
| Total current assets | 39,898 | 34,253 |
| Assets held for lease, net | 261 | 362 |
| Intangible assets, net | 306,188 | 306,299 |
| Total assets | $ 346,347 | $ 340,914 |
| Liabilities and Member's Equity | ||
| Current liabilities: | ||
| Accrued expenses and other liabilities | $ 4,186 | $ 3,517 |
| Current portion of deferred revenue | 3,346 | 2,827 |
| Intercompany payables | 3,011 | 4,827 |
| Total current liabilities | 10,543 | 11,171 |
| Long-term deferred revenue | 50,042 | 46,288 |
| Long-term other liabilities | 124 | 125 |
| Total liabilities | 60,709 | 57,584 |
| Commitments and contingencies (see Note 7) |
Source: Item 23 — Receipts (FDD pages 114–399)
What This Means (2025 FDD)
According to Cinnabon's 2025 Franchise Disclosure Document, the total liabilities and member's equity as of December 29, 2024, was $346,347. This figure represents the sum of all the company's obligations to creditors (liabilities) and the value of the owner's stake in the company (member's equity) at that specific point in time.
For a prospective franchisee, this number provides a snapshot of Cinnabon's overall financial structure and health. A higher number suggests that the company has a strong base of assets and equity to cover its liabilities. It's important to note that this is just one data point and should be considered alongside other financial metrics and trends to gain a comprehensive understanding of the company's financial stability.
It is also important to note that the total liabilities and member's equity for the previous year, December 31, 2023, was $340,914. This shows an increase in total liabilities and member's equity from 2023 to 2024.