What was the net value of trade accounts and other receivables for Del Taco as of September 29, 2024?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
auditor since 1986.
San Diego, California November 20, 2024
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| Se | September 29, 2024 | October 1, 2023 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current assets: | |||||
| Cash | $ | 24,745 | $ | 157,653 | |
| Restricted cash | 29,422 | 28,254 | |||
| Accounts and other receivables, net | 83,567 | 99,678 | |||
| Inventories | 3,922 | 3,896 | |||
| Prepaid expenses | 13,126 | 16,9 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the net value of accounts and other receivables was $83,567 as of September 29, 2024. This figure represents the money owed to Del Taco from various sources, such as franchisees, suppliers, or other business partners, after deducting any allowances for doubtful accounts. This is a snapshot of what was owed to Del Taco at that specific point in time.
For a prospective franchisee, understanding the accounts receivable is crucial because it reflects the financial health and efficiency of Del Taco's operations. A high and increasing accounts receivable balance might indicate difficulties in collecting payments, which could strain cash flow. Conversely, a lower balance suggests efficient collection practices and a healthy financial position.
It's also useful to compare this figure with previous years to identify trends. For instance, the FDD indicates that the accounts and other receivables, net, were $99,678 as of October 1, 2023. The decrease from $99,678 in 2023 to $83,567 in 2024 could signal improved collection efforts or changes in business relationships. A potential franchisee should investigate the reasons behind such fluctuations to assess the stability and predictability of Del Taco's financial performance.