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What was the reported amount for deferred tax assets for Even Hotels in 2023?

Even_Hotels Franchise · 2025 FDD

Answer from 2025 FDD Document

orities for years 2019 through 2023.

The Company accounts for taxes on Global Intangible Low-Taxed Income ("GILTI") as period costs within prov

Source: Item 23 — RECEIPTS (FDD pages 99–438)

What This Means (2025 FDD)

According to Even Hotels' 2025 Franchise Disclosure Document, the company reported deferred tax assets of $213,159 for the year 2023. Deferred tax assets arise from temporary differences between the book value of assets and liabilities and their tax bases. These assets represent future tax benefits that Even Hotels expects to realize.

Deferred tax assets can be a valuable resource for a company like Even Hotels, as they can reduce future tax liabilities. However, the realization of these assets depends on the company's ability to generate sufficient taxable income in the future. If Even Hotels is unable to generate enough income, it may not be able to fully utilize its deferred tax assets, potentially impacting its financial performance.

Prospective franchisees should understand how deferred tax assets and liabilities can impact a company's financial health. While deferred tax assets can be beneficial, they also carry some uncertainty regarding their realization. It is important to consider these factors when evaluating the financial stability and future prospects of Even Hotels.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.