What were the total current liabilities for Crab N Spice as of December 31, 2021?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
CRAB N SPICE GROUP AS OF DECEMBER 31, 2023 & DECEMBER 31, 2022 & DECEMBER 31, 2021 BALANCE SHEET
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 40–50)
What This Means (2024 FDD)
According to Crab N Spice's 2024 Franchise Disclosure Document, the balance sheets provide details on the company's financial position as of December 31, 2023, December 31, 2022, and December 31, 2021.
However, the excerpt does not explicitly state the total current liabilities for Crab N Spice as of December 31, 2021. The balance sheet includes various asset and liability categories, but a single, summarized figure for total current liabilities is not provided in this excerpt.
For a prospective franchisee, this means that while the FDD includes financial statements, you will need to review the full, unabridged financial statements within the FDD to find the specific figure for total current liabilities. If the figure is still not present, it is advisable to ask the franchisor directly for this information to fully understand the company's short-term financial obligations.