What was Deck Medic's cash and cash equivalents in 2021?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
utions. The account is insured by the Federal Deposits Insurance Corporation (FDIC) for up to $250,000. On December 31, 2022 and 2021, the Company's cash balance doesn't exceed the FDIC insurance limits.
The Company considers all cash in the bank and investments in highly liquid debt instruments with maturi
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the company's cash and cash equivalents totaled approximately $125,496 as of December 31, 2021. This figure represents the total amount of cash Deck Medic had in its operating bank account at that time. Cash equivalents are defined as investments in highly liquid debt instruments with maturities of three months or less.
This information is relevant for prospective franchisees as it provides insight into the financial health and liquidity of Deck Medic. A higher cash balance generally indicates a stronger financial position, which can be reassuring for individuals considering investing in a franchise. It demonstrates Deck Medic's ability to meet its short-term obligations and potentially invest in growth opportunities.
However, it is important to consider this figure in conjunction with other financial data, such as liabilities and overall profitability, to gain a comprehensive understanding of Deck Medic's financial stability. While a healthy cash balance is a positive indicator, it does not guarantee future success or financial performance. Prospective franchisees should conduct thorough due diligence and consult with financial advisors to assess the risks and opportunities associated with investing in a Deck Medic franchise.