As of February 28, 2025, what were the total current liabilities for Craters & Freighters?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
heet**
| As of February 28, | 2025 |
|---|---|
| Current Assets: | |
| Cash and Cash Equivalents | $ 4,726,421 |
| Marketable Securities - At Fair Market Value | 828,311 |
| Accounts Receivable | 645,690 |
| Other Current Assets |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the company's total current liabilities as of February 28, 2025, were $336,986. Current liabilities represent the company's obligations due within one year. These liabilities include accounts payable, which are short-term debts owed to suppliers or vendors, and other current liabilities, which may encompass various short-term financial obligations.
For a prospective franchisee, understanding the current liabilities of Craters & Freighters is crucial for assessing the company's short-term financial health and stability. A high level of current liabilities relative to current assets could indicate potential liquidity issues, meaning the company might struggle to meet its short-term obligations. Conversely, a manageable level of current liabilities suggests the company is in a good position to handle its immediate financial responsibilities.
It is important to note that these figures are based on an unaudited balance sheet. While the FDD includes audited financial statements from previous years, the February 2025 data has not undergone the same level of scrutiny. Therefore, prospective franchisees should consider this information as an estimate and conduct their own due diligence, including consulting with a financial advisor, to gain a comprehensive understanding of Craters & Freighters' financial condition.