What was the total amount of cash and cash equivalents held by Crawlspace Medic in 2022?

According to Crawlspace Medic's 2024 Franchise Disclosure Document, the company's total cash and cash equivalents as of 2022 was $222,873. This figure represents the amount of readily available funds the company had at its disposal at the end of that fiscal year. Cash equivalents are defined as short-term, highly liquid investments that can be easily converted to cash.

For a prospective franchisee, this number provides insight into the financial health and liquidity of Crawlspace Medic. A higher cash balance generally indicates a stronger ability to meet short-term obligations and invest in growth opportunities. It's also worth noting that the company maintains its cash in one bank deposit account, which, at times, may exceed federally insured limits.

While the account is insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, Crawlspace Medic did not exceed this insured amount as of December 31, 2022. This detail is important for assessing the company's risk management practices related to its cash holdings. Reviewing these figures over several years, as presented in the table, can reveal trends in Crawlspace Medic's cash management and overall financial stability.