What was the total value of Deck Medic's cash and cash equivalents in 2022?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
ificant audit findings, and certain internal control related matters that we identified during the audit.
Metwally CPA PLLC
Metwally CPA PLLC Fort Worth, Texas March 20, 2023
| |
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 $110,883 as of December 31, 2022. This figure represents the amount of cash Deck Medic had readily available, including bank accounts and short-term investments with maturities of three months or less. This is an important indicator of Deck Medic's short-term financial health and liquidity.
For a prospective franchisee, understanding the franchisor's cash position can provide insights into its ability to support franchisees and manage its own operations. A healthy cash balance suggests that Deck Medic is capable of meeting its short-term obligations and investing in the growth of the franchise system.
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 Deposit Insurance Corporation, which can provide some assurance to franchisees regarding the safety of Deck Medic's funds.