What was the cash paid for interest by Cr3 American Exteriors in 2023?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
| Equity at July 12, 2022 | $ - |
|---|---|
| Capital Contributions | 51,411 |
| Net Loss | (46,591) |
| Equity at December 31, 2022 | $ 4,820 |
| Equity at January 1, 2023 | $ 4,820 |
| Capital Contributions | 28,589 |
| Net Loss | (14,538) |
| Equity at December 31, 2023 | $ 18,871 |
| Equity at January 1, 2024 | $ 18,871 |
| Capital Contributions | 30,000 |
| Net Loss | 89,667 |
| Equity at December 31, 2024 | $ 138,538 |
Statements of Cash Flows For The
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to Cr3 American Exteriors's 2025 Franchise Disclosure Document, the cash paid for interest in 2023 was $0.
This figure is important for prospective franchisees as it provides insight into the company's financial management and debt obligations during that year. A low or zero value suggests that Cr3 American Exteriors had minimal interest expenses, which could indicate sound financial health or limited borrowing during that period.
Reviewing these cash flow details helps potential franchisees assess the financial stability and practices of Cr3 American Exteriors, allowing them to make informed decisions about investing in the franchise. Understanding the franchisor's financial history is a critical part of the due diligence process.