What were Deka Lash's cash and cash equivalents as of 12/31/2023?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
s used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgement, there are conditions or events, considered in the aggregate, that raise substantial doubt about DL Franchising, LLC's ability to continue as a going concern for a reasonable per
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, their cash and cash equivalents as of December 31, 2022, were $415,665. This indicates the amount of liquid assets Deka Lash had readily available at that time.
Cash and cash equivalents are crucial for covering immediate liabilities, funding ongoing operations, and pursuing new opportunities. Franchisees may want to monitor this figure in subsequent FDDs to assess the financial health and stability of Deka Lash over time. A significant decrease in cash and cash equivalents could signal potential financial challenges for the franchisor.
In addition to cash and cash equivalents, the FDD provides information on other assets, liabilities, and capital, offering a comprehensive view of Deka Lash's financial position. Reviewing these figures can help potential franchisees evaluate the overall financial strength of the franchise system.