What was the total value of City Wide's accounts payable as of December 31, 2024?

According to City Wide's 2025 Franchise Disclosure Document, the total consolidated accounts payable as of December 31, 2024, was $16,356,455. This figure represents the total amount City Wide owed to its suppliers and other creditors at that specific point in time. It's a key indicator of the company's short-term financial obligations. The accounts payable for City Wide Franchise Company, Inc. was $16,107,270, for City Wide Franchise of Canada, Inc. was $930,438, and for City Wide Franchise International, Inc. was $386,397. An eliminating entry of ($1,067,650) was applied to arrive at the consolidated total.

For a prospective franchisee, understanding the accounts payable is crucial because it reflects the financial health and stability of City Wide. A high accounts payable balance relative to its assets could indicate potential cash flow issues, while a lower balance might suggest better financial management. However, it is important to consider these figures in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding.

It is also important to note that these figures are part of the consolidated financial statements, which include City Wide Franchise Company, Inc. and its subsidiaries. The independent auditor's report attached to the financial statements indicates that the financial statements present fairly the financial position of the company as of December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.