What were the total current assets for Focus Cfo in 2024?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
rmed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Columbus, Ohio April 10, 2025
BHM CPA Group, Inc.
CONSOLIDATED BALANCE SHEETS
As of December 31, 2024 and 2023
| 2024 | 2023 |
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Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the company's total current assets in 2024 were $2,498,093. This figure represents the sum of cash and cash equivalents, accounts receivable, and other current assets held by Focus Cfo. In comparison, the total current assets in 2023 were $1,640,839.
Understanding a company's assets is crucial for potential franchisees. Current assets are those that can be converted into cash within a year, indicating the company's short-term financial health and liquidity. A higher value of current assets suggests that Focus Cfo has sufficient resources to cover its short-term liabilities and operational expenses.
For a prospective Focus Cfo franchisee, this information provides insight into the financial stability of the franchisor. Strong current assets can indicate a well-managed financial position, which can be reassuring when investing in a franchise. It is advisable for potential franchisees to analyze these figures in conjunction with the company's liabilities and overall financial statements to gain a comprehensive understanding of its financial health. Comparing these figures year-over-year also helps in assessing the company's growth and financial management trends.
It is also important to note that while the FDD provides this financial snapshot, prospective franchisees should seek professional financial advice to interpret these figures in the context of their own investment and financial goals. Reviewing the complete audited financial statements and understanding the notes accompanying them will provide a more detailed understanding of Focus Cfo's financial position.