What was the cash and cash equivalents at the beginning of the year for Engineering For Kids in 2023?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
,219 | 37,219 | | BALANCE, December 31, 2024 | $ 100 | $ 112,512 | $ 112,612 |
ENGINEERING FOR KIDS INTERNATIONAL, LLC STATEMENTS CASH FLOWS YEARS ENDED DECEMBER 31, 2024 2023, AND 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| INCREASE (DECREASE) IN CASH AND CASH | |||
| EQ |
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, the cash and cash equivalents at the beginning of 2023 was $31,036. This figure represents the amount of readily available funds Engineering For Kids had at the start of the year to cover immediate obligations and operational expenses.
For a prospective franchisee, understanding the franchisor's cash position can be important. A healthy cash balance suggests financial stability and the ability to support franchisees. However, it is also important to consider how Engineering For Kids utilizes its cash, as excessive cash reserves might indicate missed investment opportunities.
It is also worth noting the trend in Engineering For Kids' cash position over the years. The FDD shows the cash and cash equivalents at the beginning of the year for 2022 was $20,683, and for 2024 it was $117,655. Reviewing these figures helps to understand the company's cash flow management and overall financial health.