What were the total current assets for Floors To Go as of December 31, 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
nditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Balance Sheets
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Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were $1,276,960. This figure represents the sum of Floors To Go's cash, accounts receivable (less allowance for credit losses), and prepaid expenses.
Understanding the composition of current assets is crucial for prospective franchisees. Cash indicates the company's readily available funds, while accounts receivable reflect money owed to Floors To Go by its customers or franchisees. Prepaid expenses are payments made in advance for goods or services.
A healthy level of current assets suggests that Floors To Go has sufficient liquidity to meet its short-term obligations. Reviewing these figures over multiple years, as presented in the FDD, can reveal trends in the company's financial health and its ability to manage its working capital effectively. This information is valuable for potential franchisees assessing the financial stability of Floors To Go.