What was the cash at the end of the year for Itan in 2023?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| Page 7 | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| CASH FLOWS (USED)/PROVIDED BY OPERATING ACTIVITIES | ||||
| Net earnings | $ | 19,389 | $ | 272,146 |
| ADJUSTMENTS TO RECONCILE NET EARNINGS TO NET CASH PROVIDED/(USED) BY OPERATING ACTIVITIES | ||||
| Depreciation | 17,927 | 443 | ||
| Credit loss expense | 284 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (29,787) | 4,540 | ||
| Prepaid expenses | (4,230) | 74,586 | ||
| Prepaid taxes | (6,030) | 5,087 | ||
| Income tax receivable | (131,945) | - | ||
| Deferred tax asset | (3,592) | (32,366) | ||
| Accounts payable | 12,264 | 2,973 | ||
| Accrued liabilities | 15,596 | 16,196 | ||
| Accrued taxes | (60,182) | 44,709 | ||
| Contract liabilities | (11,500) |
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the cash at the end of the year 2023 was $349,230. This figure represents the total amount of cash Itan had on hand as of December 31, 2023.
This information is crucial for potential franchisees as it provides insight into Itan's financial health and liquidity. A healthy cash balance suggests that Itan is capable of meeting its short-term obligations and potentially investing in growth opportunities.
However, it is important to consider this figure in conjunction with other financial data, such as revenues, expenses, and liabilities, to gain a comprehensive understanding of Itan's overall financial performance. A prospective franchisee should analyze these figures to assess the financial stability and potential risks associated with investing in an Itan franchise.