What was the total equity for Corcoran at January 1, 2022?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| Common Stock | Additional | Other Non- |
|---|---|---|
| Paid-In | Accumulated Comprehensive controlling Total | |
| Shares | Amount Capital | Deficit Loss Interests Equity |
| Balance at January 1, 2022 . . . . . . . . . . — | $ — $ 4,948 | $ (2,712) $ (50) $ 6 $ 2,192 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the total equity at January 1, 2022, was $2,192. This figure represents the sum of several components, including paid-in capital, accumulated deficit, other comprehensive loss, and non-controlling interests. Understanding the components of equity can provide a prospective franchisee with insights into the financial structure and overall health of Corcoran.
Equity is a crucial metric for assessing a company's financial stability. A higher equity balance generally indicates a stronger financial position, as it reflects the ownership stake in the company's assets after deducting liabilities. In Corcoran's case, the $2,192 equity suggests a positive net worth at the beginning of 2022.
It is important to note that this equity figure is a snapshot in time and can fluctuate due to various factors, such as net income or loss, dividends, and other comprehensive income. Franchisees should monitor these changes over time to assess the ongoing financial performance of Corcoran. Reviewing subsequent balance sheets and income statements will provide a more complete picture of Corcoran's financial trajectory.