What was the amount of cash and cash equivalents for Moes Southwest Grill as of December 29, 2024?
Moes_Southwest_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
audit in accordance with US GAAS, we:
- Exercise professional judgment and maintain professional skepticism throughout the audit.
- Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, ev
Source: Item 23 — Receipts (FDD pages 92–334)
What This Means (2025 FDD)
According to Moe's Southwest Grill's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $11,594 as of December 29, 2024. This figure represents the amount of readily available cash the company had on hand at the end of its fiscal year. In comparison, at the end of the previous fiscal year, December 31, 2023, Moe's Southwest Grill reported $22,662 in cash and cash equivalents.
Cash and cash equivalents are considered current assets, which also include items like accounts receivable, inventories, and prepaid expenses. For December 29, 2024, Moe's Southwest Grill's total current assets amounted to $115,063. This indicates the company's ability to meet its short-term obligations and fund its day-to-day operations.
Prospective franchisees should note the difference in cash and cash equivalents between 2023 and 2024. While a decrease doesn't automatically indicate financial instability, it is a point to consider during due diligence. Understanding the reasons behind this change, such as investments in growth, debt repayment, or other strategic decisions, can provide a clearer picture of the company's financial health. Reviewing the complete financial statements and asking the franchisor for clarification on these figures is advisable for any potential franchisee.