What was the total value of Engel & Volkers' cash and cash equivalents in 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
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We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control rel
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $5,037,368 in 2023. This figure represents the readily available funds the company had on hand at the end of that fiscal year. These funds primarily consist of cash on deposit and guaranteed investment certificates that can be quickly converted to cash.
For a prospective Engel & Volkers franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. It can indicate the company's capacity to invest in technology, marketing, and other resources that benefit the entire franchise system.
However, it's important to consider this figure in the context of Engel & Volkers' overall financial health. While $5,037,368 seems like a substantial amount, it should be compared to the company's liabilities and other financial obligations to get a complete picture. Reviewing the trend in cash and cash equivalents over several years, as presented in the FDD, can also provide insights into the company's financial management and growth trajectory.