As of December 31, 2023, what was the total value of Dq Treat's current assets, in thousands?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
gregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
- Exercise professional judgment and maintain professional skepticism throughout the audit.
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
- Obtain an understanding of internal control relevant
Source: Item 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)
What This Means (2025 FDD)
According to Dq Treat's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were $137,595,000. This figure represents the sum of Dq Treat's assets that are expected to be converted into cash or used up within one year. These assets include cash, accounts receivable, income tax receivable, cash pooling receivable from affiliates, inventories, and prepaid expenses.
Understanding the composition and value of current assets is crucial for prospective franchisees. It provides insight into Dq Treat's short-term financial health and liquidity. A higher value of current assets relative to current liabilities generally indicates a stronger ability to meet short-term obligations.
For a potential Dq Treat franchisee, this information is useful for assessing the financial stability of the franchisor. While this is a historical figure, it can be compared to current liabilities to gauge the company's ability to manage its short-term debts. It is also important to monitor these figures over time to identify any trends in the company's financial performance.