What was the total liabilities and shareholders' equity for Engel & Volkers in 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
324,000 | 323,966 | | Intangible assets, net | 8,321,404 | 8,930,287 | | Capitalized software, net | 3,140,323 | 2,781,712 | | Deferred income taxes, net | 1,072,576 | 1,077,324 | | Total other assets | 13,898,051 | 14,269,740 | | TOTAL ASSETS | $ 26,822,688 | $ 26,366,821 |
ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (CONTINUED) DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||
| Current liabilities: | ||||||
| Accounts payable | $ | 399,426 | $ | 809,830 | ||
| Accrued expenses and other current liabilities | 4,819,971 | 1,853,273 | ||||
| Operating lease liability - current | 411,998 | 401,949 | ||||
| Income taxes payable | 13,141 | 314,605 | ||||
| Contract liabilities - current | 171,689 | 178,307 | ||||
| Due to affiliates, net | - | 140,826 | ||||
| Total current liabilities | 5,816,225 | 3,698,790 | ||||
| Long-term liabilities: | ||||||
| Lease liability, net of current | 493,698 | 905,696 | ||||
| Other long-term liabilities | 3,065,357 | - | ||||
| Contract liabilities, net of current | 802,459 | 928,014 | ||||
| Total long-term liabilities | 4,361,514 | 1,833,710 | ||||
| Total liabilities | 10,177,739 | 5,532,500 | ||||
| Commitments and contingencies (Notes 11 and 13) | ||||||
| Shareholders' | ||||||
| equity: | ||||||
| Common stock - $10 par value; 100,000 shares authorized, | ||||||
| 17,143 shares issued and outstanding |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the company's total liabilities and shareholders' equity in 2023 was $26,366,821. This figure represents the sum of all debts and obligations that Engel & Volkers owes to external parties (liabilities) and the investment made by the owners (shareholders' equity) in that year. This number is a fundamental accounting equation (Assets = Liabilities + Equity) and provides a snapshot of the company's financial health and structure at the end of the year.
For a prospective franchisee, understanding the total liabilities and shareholders' equity can offer insights into the financial stability and leverage of Engel & Volkers. A high level of liabilities compared to equity might indicate higher financial risk, as the company relies more on debt financing. Conversely, a strong equity position suggests a more stable financial foundation. However, it's essential to analyze these figures in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding.
It's also important to note that this figure is a consolidated one, reflecting the financial position of Engel & Volkers Americas, Inc. and its subsidiary. Franchisees should consider this in the context of the overall franchise system and how the financial performance of the parent company might impact their individual franchise operations. Reviewing trends in liabilities and equity over several years, as presented in the FDD, can provide a more nuanced view of the company's financial trajectory.