What was the net change in cash and cash equivalents for Face Foundrie in 2022?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Net change in cash and cash equivalents | 1,511,497 | 357,255 | 1,090,879 | |||
| Cash and cash equivalents at beginning of period | 1,969,123 | 1,611,868 | 520,989 | |||
| Cash and cash equivalents at end of period | $ | 3,480,620 | $ | 1,969,123 | $ | 1,611,868 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the net change in cash and cash equivalents in 2022 was $1,090,879. This figure represents the overall increase or decrease in Face Foundrie's cash and cash equivalents during that year, reflecting the combined impact of operating, investing, and financing activities on the company's cash position..
For a prospective franchisee, this number provides insight into Face Foundrie's financial management and liquidity. A positive net change suggests that the company generated more cash than it used during the year, which can be a sign of financial stability. It's important to consider this figure in the context of Face Foundrie's overall financial performance and industry trends.
It is also important to note that cash equivalents include highly liquid investments with maturities of three months or less. As of December 31, 2022, Face Foundrie had cash and cash equivalents of $1,611,868, with $700,015 set aside for gift card liability. Understanding the composition of cash and cash equivalents, and the specific allocations for liabilities like gift cards, provides a more detailed view of the company's financial health.