What is the par value of Circle K's common stock, as stated in the shareholder's equity section?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
| Shareholder's Equity: | ||||
|---|---|---|---|---|
| Common stock, $0.01 par value, 1,000,000 shares | ||||
| authorized, 1,001 issued and outstanding | 10 | 10 | ||
| Additional paid-in capital | 88,201,000 | 88,201,000 | ||
| Receivable from parent | (91,667,564) | (93,887,235) | ||
| Retained earnings | 35,316,368 | 35,228,153 | ||
| Total Shareholder's Equity | 31,849,814 | 29,541,928 |
Source: Item 23 — RECEIPTS (FDD pages 100–359)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the common stock has a par value of $0.01 per share. The shareholder's equity section indicates that 1,000,000 shares are authorized, with 1,001 shares issued and outstanding. The total value of these issued shares, based on par value, is $10.
The additional paid-in capital is listed as $88,201,000. There is a receivable from the parent company of $(91,667,564). Retained earnings are reported as $35,316,368. The total shareholder's equity is $31,849,814.
This information is relevant to potential investors or those interested in the overall financial structure of Circle K. While franchisees do not directly purchase stock in the company, understanding the financial structure can provide insights into the stability and capitalization of the franchisor.