What was the total stockholders' equity, as restated, for Clear Pest Pros?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
(3,106) |
Notes to Consolidated Financial Statements (dollars in thousands)
Balance Sheet
December 31, 2022
| Reported | As Restated | Effect of Change | |
|---|---|---|---|
| Total Current Assets | $ 11,191 | $ 11,191 | $ - |
| Right-of-Use Assets, Net | 1,379 | 1,379 | - |
| Property and Equipment, Net | 1,701 | 1,701 | - |
| Goodwill | 56,056 | 56,056 | - |
| Intangible Assets, Net | 36,731 | 32,566 | (4,165) |
| Other Assets | 28,076 | 28,076 | - |
| Total Assets | $ 135,134 | $ 130,969 | $ (4,165) |
| Current Liabilities | $ 6,984 | $ 6,984 | $ - |
| Operating Lease Obligation, net of | 425 | 425 | - |
| current portion | |||
| Deferred Revenue, net of current | 4,864 | 4,864 | - |
| portion | |||
| Deferred Tax Liabilities | 4,060 | 3,001 | (1,059) |
| Total Liabilities | 16,333 | 15,274 | (1,059) |
| Stockholders' Equity | 118,801 | 115,695 | (3,106) |
| Total Stockholders' Equ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros' 2025 Franchise Disclosure Document, the total stockholders' equity, as restated, was $115,695. This figure represents the net worth of Clear Pest Pros after accounting for certain changes and adjustments in their financial statements.
For a prospective franchisee, this number provides insight into the financial stability and overall health of Clear Pest Pros. A higher stockholders' equity generally indicates a stronger financial position, suggesting that the company has more assets than liabilities. This can be reassuring for franchisees who are considering investing in the brand, as it implies a lower risk of financial distress for the franchisor.
However, it's important to note that this figure is just one snapshot in time and should be evaluated in conjunction with other financial metrics and industry benchmarks. Potential franchisees should also consider the trend of stockholders' equity over time, as well as the reasons for any restatements or changes in accounting principles. Consulting with a financial advisor can help prospective franchisees fully understand the implications of this figure and its impact on their investment decision.