What was the beginning cash and cash equivalents for Clean Your Dirty Face in 2023?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |||
|---|---|---|---|---|
| Net Increase (Decrease) in Cash and Cash Equivalents | (2,538) | (645,337) | ||
| Beginning Cash and Cash Equivalents | 23,501 | 668,838 | ||
| Ending Cash and Cash Equivalents | $ 20,963 | $ | 23,501 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the beginning cash and cash equivalents for 2023 was $668,838. The FDD provides a comparative financial overview, allowing potential franchisees to assess the company's financial health and stability over time. This figure represents the amount of readily available cash and short-term investments Clean Your Dirty Face had at the start of the 2023 financial year.
Analyzing the beginning cash and cash equivalents can provide insights into Clean Your Dirty Face's liquidity position and its ability to meet short-term obligations. A healthy cash balance can indicate financial stability and the capacity to invest in growth opportunities. Conversely, a low cash balance may suggest potential financial constraints or a need for careful cash management.
It's important to note that while the beginning cash balance is a useful metric, it should be considered in conjunction with other financial data, such as cash flow from operations, investing, and financing activities, to gain a comprehensive understanding of Clean Your Dirty Face's financial performance. Prospective franchisees should also compare these figures with industry benchmarks and the financial performance of other franchise systems to assess the relative strength of Clean Your Dirty Face's financial position.