What was the current income tax expense for Cool Binz as of December 31, 2023?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Current income tax expense |
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the current income tax expense as of December 31, 2023, was $212. This figure reflects the company's tax obligations for that specific year, providing insight into its profitability and financial management. The FDD also includes figures from 2024 and 2022 for comparison.
Understanding the income tax expense is crucial for prospective franchisees as it demonstrates Cool Binz's financial health and stability. A higher tax expense generally indicates higher profitability, while fluctuations in this expense over time can reflect changes in the company's financial performance or tax strategies. Reviewing these figures allows potential franchisees to assess the company's financial track record and make informed decisions about their investment.
It is important to note that these figures are based on Cool Binz's financial statements and may be subject to change. Franchisees should consult with financial advisors to fully understand the implications of these figures and how they may impact their own investment. Additionally, franchisees should request updated financial information from Cool Binz to ensure they have the most current data available.