What was the cash and cash equivalents amount for Engineering For Kids in 2023?

According to Engineering For Kids's 2025 Franchise Disclosure Document, their cash and cash equivalents at the end of 2023 totaled $117,655. This figure represents the amount of readily available funds the company had at its disposal at that time. Cash equivalents are defined as investments with an original maturity of three months or less when purchased.

For a prospective franchisee, this number provides insight into the financial health and liquidity of Engineering For Kids. A higher cash balance generally indicates a stronger ability to meet short-term obligations and invest in future growth. It's important to consider this figure in conjunction with other financial metrics, such as revenues, expenses, and liabilities, to get a comprehensive understanding of the company's financial position.

It is also worth noting that the FDD includes cash flow statements for 2022, 2023, and 2024, which show the movement of cash both into and out of the company. Reviewing these statements can provide additional context for the cash and cash equivalents balance, as it shows how the company generated and used its cash during those years.