What was the total current assets for Ledgers in 2024?
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 total current assets for 2024 were $427,275. This figure represents the sum of Ledgers' cash and cash equivalents ($424,085) and royalty receivables ($3,190) for that year.
Understanding a company's current assets is crucial for prospective franchisees. Current assets are those that can be converted into cash within a year. A higher value of current assets suggests that Ledgers has sufficient liquidity to meet its short-term obligations.
However, it's important to note that while a healthy level of current assets is generally positive, franchisees should also consider the composition of these assets. For instance, a large portion of receivables might indicate potential issues with collecting payments, which could impact Ledgers' cash flow. Reviewing these figures in relation to previous years can reveal trends about the financial health and stability of the franchise system.