What was the amount of interest paid by Golden Krust Caribbean Restaurant in 2023?

According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the cash paid for interest in 2023 was $97,929, while in 2022, it was $47,923. This figure represents the actual cash outflow for interest expenses during those years.

This information is relevant for prospective franchisees as it provides insight into the company's cash management and debt obligations. Monitoring the trend in interest payments can indicate changes in Golden Krust Caribbean Restaurant's borrowing activities and financial leverage. An increase in interest payments could suggest higher debt levels, which might impact the company's profitability and financial stability.

It is important to note that this figure represents only the cash paid for interest and may not reflect the total interest expense recognized on the income statement, which can include non-cash items such as amortization of debt discounts or premiums. Franchisees should consider this information in conjunction with other financial data to assess the overall financial health of Golden Krust Caribbean Restaurant.