What was the cash and cash equivalents at the end of 2023 for Gokhale Method?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| 2023 | ||
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $ | 3,735 |
| Adjustments to reconcile net income to net | ||
| cash provided by operating activities: | ||
| Changes in operating assets and liabilities | ||
| Accounts receivable | (11,987) | |
| Accounts payable and other current liabilities | 1,825 | |
| Deferred revenue | 40,870 | |
| Net cash provided by operating activities | 34,443 | |
| Net increase in cash | 34,443 | |
| Cash and cash equivalents - beginning of year | 120,141 | |
| Cash and cash equivalents - end of year | $ | 154,584 |
| Supplemental disclosures of cash flow information: | ||
| Taxes paid | $ | 800 |
| Interest paid | $ | - |
| int |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the cash and cash equivalents at the end of 2023 were $154,584. This figure represents the total amount of readily available cash and other investments that can quickly be converted to cash that Gokhale Method Institute, Inc. had on hand as of December 31, 2023.
For a prospective franchisee, this number provides insight into the financial health and liquidity of Gokhale Method. A higher cash and cash equivalents balance generally indicates a stronger ability for the company to meet its short-term obligations and invest in future growth opportunities.
It is important to note that this figure reflects the financial position of Gokhale Method Institute, Inc., the entity that grants franchises, and not necessarily the financial performance of individual franchisees. Franchisees should conduct their own due diligence and financial analysis to assess the potential profitability and financial risks associated with investing in a Gokhale Method franchise.