What was the total current assets for Hck Hot Chicken in 2022?
Hck_Hot_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
illor, as Lynchburg, Virginia February 14, 2024
| Assets | 2023 | 2022 | ||
|---|---|---|---|---|
| Current Assets | ||||
| Cash and cash equivalents | $ | 234,815 | $ | 168,007 |
| Accounts receivable | 146 | 44,908 | Ů. | 111,504 |
| Franchis |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Hck Hot Chicken's 2025 Franchise Disclosure Document, the company's total current assets in 2022 were $347,428. This figure represents the sum of Hck Hot Chicken's cash and cash equivalents, accounts receivable, franchise receivable, and prepaid expenses for that year.
For a prospective franchisee, understanding the franchisor's financial health is crucial. Current assets are a key indicator of Hck Hot Chicken's short-term liquidity and ability to meet its immediate obligations. A higher value of current assets generally suggests a stronger financial position.
Reviewing the trend of current assets from 2022 to 2023, a prospective franchisee can see that Hck Hot Chicken's total current assets increased to $796,639 in 2023. Analyzing these figures over multiple years provides a more comprehensive view of the company's financial stability and growth trajectory. This information is valuable for making an informed investment decision.