What was the cash at the end of the year for Ledgers in 2024?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Current Assets: | S | ||||||
| Cash and cash equivalents | $ 424,085 | $ 181,077 | $ 264,411 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the cash at the end of the year in 2024 was $424,085. This figure represents the amount of cash and cash equivalents Ledgers had on hand as of December 31, 2024.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests that Ledgers has sufficient liquidity to meet its short-term obligations and invest in growth opportunities. This can be an indicator of the overall financial stability of the company.
However, it's important to consider this figure in conjunction with other financial metrics. For example, Ledgers's FDD also notes that as of December 31, 2024, the company had negative working capital of $468,670 and operating losses of $490,281. While the cash balance appears substantial, these other factors suggest potential financial challenges. Therefore, a franchisee should conduct thorough due diligence and seek professional financial advice to assess the true financial health of Ledgers.