What was the total current assets for Moes Southwest Grill as of December 31, 2023?
Moes_Southwest_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,594 | $ 22,662 |
| Restricted cash and cash equivalents - securitization | 32,747 | 29,582 |
| Accounts receivable, net of allowance for credit losses of | ||
| $1,748 and $1,143 in 2024 and 2023, respectively | 44,272 | 37,049 |
| Inventories | 1,128 | 978 |
| Prepaid expenses and other current assets | 12,118 | 9,263 |
| Advertising funds assets | 9,927 | 7,643 |
| Intercompany receivables from Parent | 3,277 | 3,277 |
| Total current assets | 115,063 | 110,454 |
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 total current assets as of December 31, 2023, were $110,454.
This figure represents the sum of several liquid assets that Moes Southwest Grill had at its disposal. These assets include cash and cash equivalents amounting to $22,662, restricted cash and cash equivalents for securitization totaling $29,582, and accounts receivable (net of allowance for credit losses) of $37,049.
Additionally, the total current assets include inventories valued at $978, prepaid expenses and other current assets worth $9,263, advertising fund assets of $7,643, and intercompany receivables from the parent company amounting to $3,277. These figures provide a snapshot of the company's short-term financial health and its ability to meet its immediate obligations.