What was the amount for cash paid for interest by Golden Krust Caribbean Restaurant in 2022?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
amount of an unfavorable outcome or range of potential loss cannot be reasonably estimated.
NOTE 14 SUPPLEMENTARY CASH FLOW INFORMATION
The following supplementary information relates to the statemen
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the cash paid for interest in 2022 was $47,923. This figure reflects the actual cash outflow the company experienced for interest expenses during that year.
For a prospective franchisee, understanding the cash flow dynamics of the franchisor is crucial. The amount Golden Krust Caribbean Restaurant paid in interest can indicate the level of debt the company carries and its associated financing costs. High-interest payments might suggest a higher risk, while lower payments could indicate better financial health.
It is important to note that this figure represents the consolidated cash flow of Golden Krust Franchising, Inc., which includes its subsidiaries. Franchisees should consider this information in conjunction with other financial metrics and disclosures in the FDD to gain a comprehensive understanding of the franchisor's financial stability and performance.