What was the amount of cash paid for interest by Golden Krust Caribbean Restaurant in 2023?
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 2023 was $97,929. This figure reflects the actual cash outflow from Golden Krust Franchising, Inc. for interest expenses during that year.
For a prospective franchisee, understanding the franchisor's interest payments can provide insight into the company's debt obligations and financial management. Significant interest payments may indicate a higher level of debt, which could impact the franchisor's ability to support its franchisees or invest in growth initiatives.
It is important to note that this figure represents the consolidated cash paid for interest by Golden Krust Franchising, Inc., which includes its subsidiaries. Franchisees should consider this information in the context of the overall financial health of the company, as detailed in the complete financial statements within the FDD.