What was the total amount of current assets for Coffee News in 2023?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2024, 2023 and 2022 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| ASSETS | ||||
| Current assets | ||||
| Cash | $ 64,135 | $ 66,796 | $ 94,422 | |
| Accounts receivable, net of reserve for current expected credit | ||||
| losses of $80,000 in 2024 and $120,000 in 2023 and 2022 | 26,049 | 38,558 | 23,979 | |
| Total current assets | 90,184 | 105,354 | 118,401 | |
| Other assets | ||||
| Investments | 84,419 | 104,477 | 102,181 | |
| Furniture and equipment, net | - | 31,865 | 38,977 | |
| Repurchased licenses | 17,500 | 17,500 | 17,500 | |
| Total other assets | 101,919 | 153,842 | 158,658 | |
| Total assets | $ 192,103 | $ 259,196 | $ 277,059 |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News' 2025 Franchise Disclosure Document, the company's total current assets in 2023 were $105,354. This figure is derived from the balance sheets included in the FDD, which provide a snapshot of the company's financial position at the end of each fiscal year. Current assets typically include cash, accounts receivable, and other assets that are expected to be converted into cash within one year.
For a prospective Coffee News franchisee, understanding the franchisor's current asset position can offer insights into the company's short-term financial health and liquidity. A higher value of current assets relative to current liabilities generally indicates a stronger ability to meet its short-term obligations. This can be an important factor to consider when evaluating the financial stability of the franchisor.
It's also important to note that the FDD includes additional financial details, such as cash ($66,796) and accounts receivable, net of reserve for current expected credit losses ($38,558) for 2023. Reviewing these components can provide a more granular understanding of the composition of Coffee News' current assets. This level of detail allows potential franchisees to assess the quality and nature of the assets contributing to the overall financial health of the company.
While the current asset figure provides a useful overview, prospective franchisees should also consider other financial metrics and trends presented in the FDD, such as revenue, expenses, and liabilities, to gain a comprehensive understanding of Coffee News' financial performance and stability. Consulting with a financial advisor is recommended to properly interpret the financial statements and assess the overall risk and opportunity associated with investing in a Coffee News franchise.