What was the cash and restricted cash at the end of the year for Golden Krust Caribbean Restaurant in 2023?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| NET CHANGE IN CASH AND RESTRICTED CASH | (589,022) | 905,919 | ||
|---|---|---|---|---|
| Cash and Restricted Cash - Beginning of Year | 1,357,728 | 451,809 | ||
| CASH AND RESTRICTED CASH - END OF YEAR | $ 768,706 | $ 1,357,728 |
Source: Item 23 — RECEIPT (FDD pages 35–153)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the cash and restricted cash at the end of 2023 was $768,706. This figure represents the total amount of readily available funds and funds set aside for specific purposes that the company had on hand at the close of the fiscal year. This is a decrease from the $1,357,728 the company had at the end of 2022.
For a prospective franchisee, understanding the cash position of Golden Krust Caribbean Restaurant is crucial because it provides insight into the company's financial stability and liquidity. A healthy cash balance suggests that the company is capable of meeting its short-term obligations and investing in future growth opportunities.
However, it is also important to consider any restrictions on the cash, as restricted cash may not be available for general use. Monitoring the trend in cash and restricted cash over time can help franchisees assess the company's financial performance and identify any potential risks or opportunities. Reviewing the balance sheets and cash flow statements will give potential franchisees insight into the financial decisions of Golden Krust Caribbean Restaurant.