What was the foreign currency translation for Dq Treat in 2023?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
2,378, and $2,275, respectively.
4. GOODWILL AND OTHER INTANGIBLES
As discussed in Note 2, the Company accounts for goodwill under the provisions of ASC 350 and ASC 805. The Codification requires business combinations to be accounted for using the purchase method of accounting and broa
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 foreign currency translation for 2023 was $52. This figure is part of a table that also includes the net carrying value at the beginning and end of the year. The net carrying value on January 1, 2023 was $92,162, and the net carrying value on December 31, 2023 was $92,214.
The foreign currency translation represents the adjustment made to account for changes in exchange rates when Dq Treat translates its financial statements from foreign currencies into U.S. dollars. This is particularly relevant because, as noted elsewhere in the FDD, the financial statements of subsidiaries located outside the United States are measured using the local currency as the functional currency.
For a prospective franchisee, understanding the impact of foreign currency translation is important because it can affect the overall financial performance of Dq Treat, especially if the company has significant international operations. While a positive translation adjustment, like the $52 in 2023, increases the net carrying value, a negative adjustment would decrease it. These adjustments ultimately impact the comprehensive income of the company.
It is important to note that these figures reflect the overall financial performance of Dq Treat and its subsidiaries, not the performance of any single franchise location. Franchisees should focus on the financial performance of their individual units, while also being aware of the broader financial context of the Dq Treat organization.