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What was the total value of Clear Pest Pros' current assets as of December 31, 2024?

Clear_Pest_Pros Franchise · 2025 FDD

Answer from 2025 FDD Document

ing the audit.

March 19, 2025

Consolidated Balance Sheets (dollars in thousands)

December 31, 2024 2023 2022 (as restated)
Assets
Current Assets Cash Restricted cash Accounts receivable, net Inventory (Note 6) Notes receivable, current portion net of allowance (Note 7) Prepaid expenses and other current assets $ 1,242 1,310 2,728 8,673 578 454 $ 3,701 781 2,338 5,683 639 625 $

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)

What This Means (2025 FDD)

According to Clear Pest Pros' 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2024, were $14,985. Current assets include cash, restricted cash, accounts receivable, net inventory, notes receivable (current portion net of allowance), and prepaid expenses and other current assets.

For a prospective franchisee, understanding the composition and value of current assets is crucial. It provides insight into the company's liquidity and short-term financial health. A higher value of current assets suggests that Clear Pest Pros has sufficient resources to meet its short-term obligations.

It is also useful to compare the current asset value over different periods. Clear Pest Pros' total current assets were $13,767 in 2023 and $11,191 in 2022. The increase in total current assets from 2022 to 2024 indicates a positive trend in the company's short-term financial position. Franchisees should further investigate the reasons behind these changes to assess the sustainability of this trend.

Prospective franchisees should analyze these figures in conjunction with the company's liabilities and overall financial performance to gain a comprehensive understanding of Clear Pest Pros' financial stability. Reviewing the notes to the financial statements, as referenced in the table, will provide additional context and details about the specific components of current assets, such as inventory valuation methods or the allowance for doubtful accounts.

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.