What was the difference in cash paid for interest by Golden Krust Caribbean Restaurant between 2022 and 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, while in 2022, it was $47,923. This means Golden Krust Caribbean Restaurant paid $50,006 more in interest in 2023 than in 2022.
For a prospective franchisee, this information is useful in understanding the company's financial obligations and how they have changed over time. Increased interest payments could indicate higher debt levels or changes in interest rates, both of which could affect the financial health of the company and, by extension, its franchisees.
It's important to note that these figures reflect the cash paid for interest, not necessarily the total interest expense recognized on the income statement, which could include non-cash items. Franchisees should consider this data in conjunction with other financial metrics to gain a comprehensive view of Golden Krust Caribbean Restaurant's financial performance and stability.