table_specific

What was the amount of City Publications' accounts payable as of December 31, 2024?

City_Publications Franchise · 2025 FDD

Answer from 2025 FDD Document

AS OF DECEMBER 31,
2024 2023
LIABILITIES AND SHAREHOLDERS' (DEFICIT):
CURRENT LIABILITIES
Accounts payable $ 478,790 $ 84,847

Source: Item 23 — RECEIPT (FDD pages 39–129)

What This Means (2025 FDD)

According to City Publications' 2025 Franchise Disclosure Document, the company's accounts payable as of December 31, 2024, was $478,790. This figure represents the amount City Publications owed to its suppliers and other creditors at that specific point in time.

For a prospective franchisee, understanding the franchisor's accounts payable can provide insights into its financial health and payment practices. A high accounts payable balance might indicate that City Publications is managing its cash flow carefully or is potentially facing short-term liquidity challenges. Conversely, a lower balance could suggest efficient financial management and strong supplier relationships.

It's important to note that accounts payable is just one aspect of a company's overall financial picture. A potential City Publications franchisee should consider this figure in conjunction with other financial metrics, such as assets, liabilities, and revenue, to gain a comprehensive understanding of the franchisor's financial stability. Reviewing the trend in accounts payable over several years, as presented in the table, can also offer valuable context.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.