What was the total stockholder's equity for Golden Corral as of January 1, 2025?
Golden_Corral Franchise · 2025 FDDAnswer from 2025 FDD Document
findings, and certain internal control-related matters that we identified during the audit.
Raleigh, North Carolina Februa1y 28, 2025
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Balance Sheets
January 1, 2025 and January 3, 2024
| January 1, 2025 | January 3, 2024 | |||||
|---|---|---|---|---|---|---|
| Assets | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 12,572,686 | $ | 15,105,146 | ||
| Accounts receivable | 3,198,571 | 2,278,572 | ||||
| Other assets | 1,941,718 | 1,793,852 | ||||
| Total current assets | 17,712,975 | 19,177,570 | ||||
| Due from parent | 16,326,059 | 21,697,119 | ||||
| Noncurrent receivables | 43,545 | 269,286 | ||||
| Cost of contracts | 360,325 | 653,427 | ||||
| Total assets | $ | 34,442,904 | $ | 41,797,402 | ||
| Liabilities and Stockholder's Equity | ||||||
| Current liabilities | ||||||
| Current portion of deferred credits, net | $ | 677,364 | $ | 645,188 | ||
| Accounts payable | 6,324,474 | 7,190,755 | ||||
| Dividends payable | 4,000,000 | 8,000,000 | ||||
| Other liabilities | 1,206,085 | 3,785,806 | ||||
| Total current liabilities | 12,207,923 | 19,621,749 | ||||
| Deferred credits | 3,730,997 | 3,767,352 | ||||
| Total liabilities | 15,938,920 | 23,389,101 | ||||
| Stockholder's equity | ||||||
| Common stock - par value of $.10. authorized, 10,000 | ||||||
| shares; issued and outstanding, 1,000 shares | 100 | 100 | ||||
| Additional paid-in capital | 99,900 | 99,9 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to Golden Corral's 2025 Franchise Disclosure Document, the total stockholder's equity as of January 1, 2025, was $18,503,984. This figure represents the net worth of Golden Corral Franchising Systems, Inc. from the perspective of its stockholders at that specific point in time. It is calculated by subtracting total liabilities from total assets, reflecting the residual value available to shareholders.
Stockholder's equity consists of several components, including common stock, additional paid-in capital, and retained earnings. For Golden Corral, the common stock is listed at a par value of $0.10, with 1,000 shares issued and outstanding, totaling $100. Additional paid-in capital amounts to $99,900, and retained earnings make up the bulk of the equity at $18,403,984. Retained earnings represent the accumulated net income of the company that has not been distributed to shareholders as dividends.
For a prospective franchisee, understanding the franchisor's financial health is crucial. A healthy stockholder's equity suggests financial stability and the ability to support the franchise system. While this figure provides a snapshot of Golden Corral's equity, it's important to review the entire financial statement, including assets, liabilities, revenues, and expenses, to gain a comprehensive understanding of the company's financial condition. Comparing these figures to previous years, such as the January 3, 2024, stockholder's equity of $18,408,301, can also reveal trends in the company's financial performance.