What was the current income tax expense for Cool Binz as of December 31, 2024?
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, 2024, was $126. This figure reflects the company's tax obligations for that specific period.
For a prospective franchisee, understanding this figure is crucial as it provides insight into Cool Binz's profitability and tax management. While this is just one component of the overall financial picture, it demonstrates the company's tax liabilities for the year.
It's important to note that this is the 'current' income tax expense, and the FDD also lists a 'deferred' income tax expense. Reviewing both figures, along with the 'Total Income Tax Expense (Recovery)', offers a more comprehensive view of Cool Binz's tax situation. Franchisees should analyze these trends over multiple years to assess the company's financial health and stability.