What was the total stockholder's equity for Dickeys Barbecue Pit as of May 31, 2022?
Dickeys_Barbecue_Pit Franchise · 2024 FDDAnswer from 2024 FDD Document
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Dickey's Barbecue Restaurants, Inc. and Subsidiaries Consolidated Statements of Stockholder's Equity
| Commo | on Stock | Additional | Retained Earnings (Accumulated | Total Stockholder's | |
|---|---|---|---|---|---|
| Shares | Amount | Paid-In Capital | Deficit) | Equity | |
| May 31, 2021 | 100,000 | $ 1,000 | $ 34,757,050 | $ (3,454,180) | $ 31,303,870 |
| Distributions to Parent | _ | _ | - | (6,987,312) | (6,987,312) |
| Net loss | - | - | - | (7,699,079) | (7,699,079) |
| May 31, 2022 | 100,000 | 1,000 | 34,757,050 | (18,140,571) | 16,617,479 |
| Contributions from Parent | _ | - | - | 472,175 | 472,175 |
| Net loss | - | - | - | (5,567,304) | (5,567,304) |
| May 31, 2023 | 100,000 | 1,000 | 34,757,050 | (23,235,700) | 11,522,350 |
| Contributions from Parent | _ | _ | - | 1,678,302 | 1,678,302 |
| N |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 95)
What This Means (2024 FDD)
According to Dickeys Barbecue Pit's 2024 Franchise Disclosure Document, the total stockholder's equity as of May 31, 2022, was $16,617,479. This figure represents the net worth of Dickeys Barbecue Pit from the perspective of its stockholders at that specific point in time. It is calculated by subtracting the company's total liabilities from its total assets, reflecting the residual value attributable to shareholders.
This number is a snapshot of the financial health of Dickeys Barbecue Pit at that time. For a prospective franchisee, a positive and growing stockholder's equity generally indicates a stable and financially sound franchisor. However, it's essential to consider this figure in conjunction with other financial metrics and trends over multiple years to gain a comprehensive understanding of the company's financial performance.
It is important to note that while the stockholder's equity provides insight into the company's financial position, it does not guarantee future success or profitability for franchisees. Prospective franchisees should conduct thorough due diligence, including reviewing the complete financial statements and consulting with financial advisors, to assess the risks and opportunities associated with investing in a Dickeys Barbecue Pit franchise.