What was the total current assets for Engel & Volkers in 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
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Melville, New York
March 6, 2025
ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,231,465 | $ 5,037,368 |
| Accounts receivable |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the company's total current assets in 2024 were $11,688,935. This figure represents the sum of various liquid assets that Engel & Volkers could readily convert into cash within a year. These assets include cash and cash equivalents, accounts receivable, prepaid commissions, notes receivable, other receivables, prepaid expenses, amounts due from affiliates, and prepaid income taxes.
For a prospective franchisee, understanding the composition and magnitude of these current assets is crucial. It provides insight into the financial health and liquidity of Engel & Volkers. A substantial amount of current assets suggests that the company is capable of meeting its short-term obligations and has sufficient resources to support its ongoing operations. This can be reassuring for franchisees who are considering investing in the brand, as it indicates a lower risk of financial instability.
Specifically, the largest components of Engel & Volkers's current assets in 2024 were cash and cash equivalents ($6,231,465) and accounts receivable ($2,167,682). Cash and cash equivalents are the most liquid assets, providing immediate access to funds. Accounts receivable represent money owed to Engel & Volkers by its customers, which are expected to be collected in the near term. The presence of due from affiliates, net ($1,284,229) indicates financial interactions with related entities, which a franchisee might want to understand better in terms of their potential impact on the company's financial stability.
Overall, the reported total current assets of $11,688,935 for Engel & Volkers in 2024 reflect a solid financial position. Potential franchisees should review these figures in conjunction with the company's liabilities and overall financial performance to gain a comprehensive understanding of its financial strength and stability. Comparing these figures to previous years and industry benchmarks can also provide valuable context for assessing the franchise opportunity.