What was the total stockholder's equity for Dq Treat as of December 31, 2022?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
nts of Operations and Comprehensive Income**
In thousands
| Years ended December 31 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Revenues | ||||
| Service fees | $ 198,627 | $ 188,908 | $ 173,116 | |
| Other fees and franchise sales | 45,681 | 45,918 | 46,482 | |
| Sales of advertising kits | 9,446 | 9,751 | 13,939 | |
| Sales of company-owned restaurants | 3,633 | 3,412 | 3,146 | |
| Other | 254 | 272 | 254 | |
| Total revenues | 257,641 | 248,261 | 236,937 | |
| Costs and expenses | ||||
| Costs of other fees and franchise sales | 3,393 | 2,971 | 4,919 | |
| Cost of sales of advertising kits | 8,725 | 9,090 | 12,647 | |
| Costs of company-owned restaurants | 3,913 | 3,805 | 3,593 | |
| Selling, general, and administrative | 115,600 | 111,911 | 99,868 | |
| Total costs and expenses | 131,631 | 127,777 | 121,027 | |
| Operating income | 126,010 | 120,484 | 115,910 | |
| Net interest income | 3,137 | 3,370 | 1,249 | |
| Income before income taxes | 129,147 |
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 total stockholder's equity as of December 31, 2022, was $109,511. This figure represents the net worth of Dq Treat from the perspective of its stockholders, calculated by subtracting total liabilities from total assets. It is comprised of common stock and additional paid-in capital, retained deficit earnings, and accumulated other comprehensive loss.
For a prospective Dq Treat franchisee, this number provides insight into the financial stability and overall health of the company. A positive and growing stockholder's equity generally indicates that the company is financially sound and has been profitable over time. However, it is important to consider this figure in conjunction with other financial metrics and industry benchmarks to get a comprehensive understanding of Dq Treat's financial position.
The stockholder's equity can be influenced by factors such as net income, dividends paid, and other comprehensive income or losses. In Dq Treat's case, the stockholder's equity is affected by net income, dividends, and other comprehensive income (loss). Monitoring these components can help franchisees understand the drivers behind changes in equity and assess the long-term sustainability of the business model.
It's also worth noting that Dq Treat is a wholly-owned subsidiary of Berkshire Hathaway, Inc. This relationship could provide additional financial backing and stability, which might not be fully reflected in the stockholder's equity figure alone. Prospective franchisees should consider the implications of this corporate structure when evaluating the financial health of Dq Treat.