What was the total value of current assets for Even Hotels as of December 31, 2024?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | |||
|---|---|---|---|
| Current assets: | |||
| Cash and cash equivalents | $ 49,317 | $ 63,805 | |
| Restricted cash | 382 | 2,210 | |
| Accounts receivable, less allowance for expected credit losses of | |||
| $53,457 and $44,963 at December 31, 2024 and 2023, respectively | 393,731 | 350,486 | |
| Receivables from affiliates (Note 13) | 231,752 | 176,120 | |
| Pension assets (Note 9) | – | 250 | |
| Contract assets | 20,005 | 18,178 | |
| Contract costs | 2,811 | 2,731 | |
| Net investment in subleases (Note 6) | 2,418 | 1,463 | |
| Current investments in unconsolidated entities (Note 10) | 3,513 | – | |
| Prepaid and other current assets | 97,399 | 79,950 | |
| Total current assets | 801,328 | 695,193 | |
| Investments in unconsolidated entities (Note 10) | 206,939 | 181,087 | |
| Deferred compensation plan investments | 285,953 | 249,969 | |
| Property and equipment, net (Note 3) | 431,771 | 493,445 | |
| Operating lease right-of-use assets, net (Note 6) | 46,384 | 52,209 | |
| Goodwill and intangible assets, net (Note 5) | 1,698,486 | 1,703,043 | |
| Contract assets | 343,879 | 254,176 | |
| Contract costs | 54,190 | 49,357 | |
| Notes receivable (Note 11) | 33,999 | 23,201 | |
| Net investment in sublease (Note 6) | 5,074 | 4,359 | |
| Other assets | 13,185 | 1,431 |
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the total current assets as of December 31, 2024, were $801,328 (in thousands). This figure provides a snapshot of Even Hotels's liquid resources and assets that can be converted into cash within a year. These assets include cash and cash equivalents, restricted cash, accounts receivable, receivables from affiliates, pension assets, contract assets, contract costs, net investment in subleases, current investments in unconsolidated entities, and prepaid and other current assets.
For a prospective Even Hotels franchisee, understanding the composition and value of current assets is crucial for assessing the financial health and stability of the franchisor. A substantial amount of current assets suggests that Even Hotels has sufficient liquidity to meet its short-term obligations and invest in growth opportunities. It also indicates the brand's ability to support its franchisees during challenging economic periods.
In addition to current assets, the FDD also lists non-current assets, which are not expected to be converted to cash within one year. As of December 31, 2024, Even Hotels' non-current assets included investments in unconsolidated entities, deferred compensation plan investments, property and equipment, net operating lease right-of-use assets, net goodwill and intangible assets, net contract assets, contract costs, notes receivable, net investment in sublease, and other assets. Reviewing both current and non-current assets provides a comprehensive view of the company's overall financial strength and long-term investment strategy.
It is important for potential franchisees to analyze these figures in conjunction with the company's liabilities and net assets to gain a complete understanding of Even Hotels' financial position. Consulting with a financial advisor is recommended to interpret these financial statements and assess the risks and opportunities associated with investing in an Even Hotels franchise.