What was the total amount of cash and cash equivalents held by Learningrx in 2023?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Springfield, Missouri
January 3, 2024
LearningRx Franchise Corporation Balance Sheets As of September 30, 2023 and 2
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $551,641 in 2023. This figure represents the amount of readily available funds Learningrx had on hand as of September 30, 2023. This number is important because it reflects the company's liquidity and ability to meet its short-term obligations.
For a prospective franchisee, understanding the franchisor's financial health is crucial. A healthy cash balance suggests that Learningrx is managing its finances effectively and has a buffer to navigate unforeseen economic challenges. This can provide reassurance to franchisees that the company is stable and capable of supporting its franchisees.
It's also worth noting that Learningrx's cash and cash equivalents increased from $534,941 in 2022 to $551,641 in 2023. This increase indicates a positive trend in the company's financial performance, suggesting improved cash flow management or increased profitability. Franchisees should monitor these trends over time to assess the long-term financial stability of Learningrx.