What was the total value of 'Cash and cash equivalents' for Goldfish Swim School in 2024?

Based on the 2025 Franchise Disclosure Document, the information required to calculate the total value of 'Cash and cash equivalents' for Goldfish Swim School as of December 31, 2024, is not available. While the document refers to 'cash equivalents' and 'restricted cash,' it does not provide the specific figures for 'cash and cash equivalents' on the balance sheet. The FDD defines cash equivalents as investments with an original maturity of three months or less when purchased. The FDD also mentions that the company has restricted cash equal to the amount of unspent advertising funds on deposit, providing the values for restricted cash as of December 31, 2024, 2023, and 2022. These values are $228,445, $394,607, and $260,904, respectively. However, this is not the same as the total value of cash and cash equivalents.

A prospective franchisee should ask Goldfish Swim School for the specific value of 'Cash and cash equivalents' as of December 31, 2024, to gain a clearer understanding of the company's liquid assets. Understanding the composition of these assets can be crucial in assessing the company's financial health and stability. This information would typically be found on the consolidated balance sheet, which is part of the audited financial statements.

Understanding the distinction between 'cash equivalents' and 'restricted cash' is also important. Cash equivalents are highly liquid investments, while restricted cash is earmarked for specific purposes, such as advertising funds in the case of Goldfish Swim School. Knowing the amounts and restrictions on cash can help a franchisee better understand how the company manages its finances and allocates resources.