As of December 31, 2024, 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, 2024, were $132,080 thousand. This figure represents the sum of various liquid assets that Dq Treat could readily convert into cash within a year. These assets include cash and cash equivalents, notes and accounts receivable, income tax receivable, cash pooling receivable from an affiliate, inventories, and prepaid expenses.
For a prospective franchisee, understanding the composition and value of these current assets can provide insights into Dq Treat's financial health and its ability to meet short-term obligations. A substantial amount of current assets suggests that Dq Treat is well-positioned to manage its day-to-day operational expenses and any unforeseen financial challenges. The largest components of current assets are the cash pooling receivable from affiliate, and notes and accounts receivable.
It's also worth noting the changes in current asset values from the previous year. The total current assets decreased from $137,595 thousand in 2023 to $132,080 thousand in 2024. While this decrease isn't drastic, a potential franchisee might want to inquire about the reasons behind this change and whether it reflects any underlying trends in Dq Treat's business operations. Analyzing these figures in conjunction with liabilities and equity can offer a more comprehensive view of the company's financial stability.
Overall, the current asset figures provide a snapshot of Dq Treat's short-term financial position, which is a crucial factor for prospective franchisees to consider when evaluating the franchise opportunity. Reviewing these figures in the context of the company's overall financial statements can help potential franchisees make informed decisions.