What was the total amount of current assets for Ledgers in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
doubt about Loyalty Business Services, LLC's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Bernard Robinson & Company, I.S.P.
Raleigh, North Carolina April 28, 2025
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Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the company's total current assets in 2022 were $494,312. This figure represents the sum of Ledgers' cash and cash equivalents, royalty receivables, and notes receivable for the current year.
Understanding a company's current assets is crucial for prospective franchisees as it provides insight into its short-term financial health and liquidity. Current assets are those that can be readily converted into cash within a year, indicating the company's ability to meet its immediate obligations. A higher value of current assets relative to current liabilities generally suggests a stronger financial position.
For a potential Ledgers franchisee, this information is valuable in assessing the financial stability of the franchisor. While current assets are just one aspect of financial health, they contribute to the overall picture. It is advisable for prospective franchisees to analyze these figures in conjunction with other financial metrics and consult with a financial advisor to make informed decisions.