What was the total stockholders' equity for City Wide in 2023?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||
| Common stock | |||
| Class A voting, $.01 par value; 300,000 shares | |||
| authorized, 210,000 shares issued and outstanding | 2,100 | 2,100 | 2,100 |
| Class B nonvoting, $.01 par value; 30,000,000 shares | |||
| authorized, 21,000,000 shares issued and outstanding | 210,000 | 210,000 | 210,000 |
| Additional paid-in capital | 366,366 | 366,366 | 366,366 |
| Accumulated other comprehensive income | 54,347 | 14,840 | 21,493 |
| Retained earnings | 13,031,512 | 10,452,951 | 17,969,298 |
| Total stockholders' equity | 13,664,325 | 11,046,257 | 18,569,257 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the total stockholders' equity in 2023 was $11,046,257. This figure represents the net worth of City Wide's assets after deducting all liabilities, specifically for the fiscal year ending December 31, 2023.
Stockholders' equity is a crucial indicator of a company's financial health. It comprises several components, including common stock, additional paid-in capital, accumulated other comprehensive income, and retained earnings. For City Wide in 2023, these components added up to the reported total equity.
Prospective franchisees should note that this equity figure reflects the overall financial stability of City Wide. A higher equity amount generally indicates a stronger financial position, which can be reassuring for those considering investing in a franchise. Reviewing these figures over several years, as provided in the FDD, can give a better sense of the company's financial trends and stability.