What was the total cash asset for Floors To Go as of December 31, 2023?

According to Floors To Go's 2025 Franchise Disclosure Document, the company's cash assets as of December 31, 2023, were $812,308. This figure represents the amount of cash Floors To Go had on hand at the end of the fiscal year, which is a key indicator of the company's liquidity and short-term financial health. Franchisees may want to compare this number to previous years to identify any trends.

Cash is categorized as a current asset, reflecting its liquid nature and availability for immediate use. Along with cash, Floors To Go's other current assets included accounts receivable (less allowance for credit losses of approximately $27,500) totaling $461,463 and prepaid expenses of $3,189. The total current assets for Floors To Go as of December 31, 2023, amounted to $1,276,960.

Prospective franchisees should consider the cash position of Floors To Go as an indicator of financial stability. A healthy cash balance suggests that the company is capable of meeting its short-term obligations and investing in future growth. However, it is also important to consider how this cash balance relates to the company's overall financial performance and its liabilities. Reviewing the complete financial statements, including the balance sheets, income statements, and cash flow statements, will provide a more comprehensive understanding of Floors To Go's financial health.