What was the value of Counselor Realty's certificates of deposit in 2024?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Sheets December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Cash | $ 70,457 | $ 80,311 |
| Certificates of deposit | 137,791 | 130,280 |
| Accounts receivable, net | - | 1,574 |
| Tota |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the value of their certificates of deposit in 2024 was $137,791. This figure is part of the company's assets listed on their balance sheet as of December 31, 2024. The FDD also includes the value of the certificates of deposit for the prior year, 2023, which was $130,280.
Certificates of deposit are a common investment for businesses, offering a relatively safe way to store cash and earn interest. For a prospective Counselor Realty franchisee, this indicates that the company maintains some of its assets in relatively liquid and secure investments. This can be seen as a sign of financial stability.
It is important to note that the FDD also states that the company has two certificates of deposit with an original maturity date of greater than three months from the date they were acquired, hence they are not considered cash equivalents. This means that these funds are not immediately accessible, which is a typical characteristic of certificates of deposit.