What was Deck Medic's cash and cash equivalents in 2022?

According to Deck Medic's 2024 Franchise Disclosure Document, the company's cash and cash equivalents totaled approximately $110,883 as of December 31, 2022. This figure represents the 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.

For a prospective franchisee, understanding the franchisor's cash position can be an indicator of financial stability. While $110,883 represents Deck Medic's cash reserves at the end of 2022, it's important to consider this figure in the context of the company's overall financial performance, including revenues, expenses, and liabilities. A healthy cash balance can enable Deck Medic to invest in franchisee support, marketing, and innovation.

It's also worth noting that Deck Medic maintains its cash balance in U.S. noninterest-bearing transaction accounts insured by the FDIC up to $250,000. This means that the company's cash deposits are protected by the federal government, providing an additional layer of security. Franchisees may want to inquire about Deck Medic's cash management practices and how the company ensures the safety and accessibility of its funds.

In addition to cash and cash equivalents, Deck Medic's financial statements also include information on accounts receivable, which represents the amounts owed to the company by its customers. Analyzing both cash and accounts receivable can provide a more comprehensive view of Deck Medic's liquidity and short-term financial health. Prospective franchisees should review the complete financial statements and consult with a financial advisor to assess the financial viability of the franchise opportunity.