According to Ledgers' 2025 Franchise Disclosure Document, the net deferred tax asset for 2023 was $611,000. The document also provides figures for 2022 and 2024, allowing for a comparison of this asset over those three years. In 2022, the net deferred tax asset was $513,000, and in 2024, it was $715,000.

Deferred tax assets arise from temporary differences between the book and tax bases of assets and liabilities. These assets represent future tax benefits that Ledgers expects to realize. The net deferred tax asset is the total amount of these expected benefits after considering any valuation allowance.

For a prospective Ledgers franchisee, understanding the company's deferred tax assets can provide insight into its financial health and future tax obligations. A significant deferred tax asset might indicate that Ledgers has potential tax benefits that could reduce its future tax liabilities, which could free up capital for growth and development. However, the realization of these assets depends on future profitability and other factors, so it's important to consider the underlying assumptions and risks.