What were the total liabilities for Gokhale Method in 2022?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | |
|---|---|
| ASSETS | |
| CURRENT ASSETS | |
| Cash and cash equivalents Accounts receivable, net | $ 120,141 3,958 |
| TOTAL ASSETS | $ 124,099 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | |
| CURRENT LIABILITIES | |
| Accounts payable and other current liabilities Deferred revenue | $ 6,667 8,086 |
| Total liabilities | 14,753 |
| STOCKHOLDERS' EQUITY | |
| Common stock (1,000 voting shares authorized, 500 shares issued and outstanding, $0.01 par value) | 5 |
| Common stock (1,000 non-voting shares authorized, no shares issued and outstanding, $0.01 par value) | |
| Additional paid in capital | 100,657 |
| Retained earnings | 8,684 |
| Total stockholders' equity | 109,346 |
| TOTAL LIABILITIES & STOCKHOLDE |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the total liabilities for the company in 2022 were $14,753. This figure represents the sum of current liabilities, including accounts payable and other current liabilities amounting to $6,667, and deferred revenue of $8,086.
Understanding the liabilities of Gokhale Method is crucial for potential franchisees as it provides insight into the company's financial obligations and stability. A high level of liabilities compared to assets could indicate financial strain, while a lower level might suggest better financial health. In this case, the total liabilities are significantly lower than the total assets of $124,099, which could be a positive indicator.
Prospective franchisees should consider these figures in conjunction with other financial data provided in the FDD, such as revenue, expenses, and cash flow statements, to gain a comprehensive understanding of Gokhale Method's financial performance and stability. It is also advisable to consult with a financial advisor to interpret these figures in the context of their own investment goals and risk tolerance.