What is the difference in Cash and Cash Equivalents between 2023 and 2024 for Craters & Freighters?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Years Ended December 31, | 2024 | 2023 |
|---|---|---|
| Change in Cash and Cash Equivalents: | ||
| Cash Flows |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters's 2025 Franchise Disclosure Document, the net decrease in cash and cash equivalents from 2023 to 2024 was $6,264,024. In 2023, Craters & Freighters had a net increase in cash and cash equivalents of $4,615,333, while in 2024, there was a net decrease of $1,648,691.
For a prospective franchisee, this indicates a significant shift in the company's cash flow position between the two years. While 2023 saw a substantial increase in cash, 2024 experienced a considerable decrease. This could be due to various factors, such as changes in revenue, expenses, or investment activities.
It's important to note that while the net change in cash and cash equivalents provides a snapshot of the company's financial performance, it doesn't tell the whole story. A franchisee should investigate the reasons behind these changes by looking at the complete financial statements. Understanding the reasons behind these fluctuations is essential for assessing the financial health and stability of Craters & Freighters.