What was the total value of Cinnabon's cash and cash equivalents as of December 29, 2024?
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 | $ 346,3 |
Source: Item 23 — Receipts (FDD pages 114–399)
What This Means (2025 FDD)
According to Cinnabon's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled varying amounts depending on which financial statement is referenced. One statement lists cash and cash equivalents as $620 as of December 29, 2024. Another statement lists cash and cash equivalents as $11,594 as of December 29, 2024.
It is important to note that the fiscal year for Cinnabon ends on the last Sunday of the calendar year, which explains the December 29th date. Cash and cash equivalents are defined as highly liquid investments with an original maturity of three months or less, consisting of funds on deposit with commercial banks and money market mutual fund accounts.
Prospective franchisees should be aware of these figures as they provide a snapshot of Cinnabon's financial health and liquidity. Understanding the company's cash position can help franchisees assess the stability and potential risks associated with investing in a Cinnabon franchise. It is advisable for potential franchisees to seek clarification from Cinnabon regarding the discrepancy in the cash and cash equivalents figures presented in the financial statements to gain a comprehensive understanding of the company's financial standing.