What was the cash and cash equivalents amount at the end of 2024 for Monicals Pizza?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
….....……………As of December 31,
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 3,983,449 | $ 3,416,311 |
| Short-term investments | 4,370,868 | 5,660,513 |
| Accounts receivable | 380,798 | 747,232 |
| Inventories | 473,005 | 473,359 |
| Prepaid expenses and other current assets | 226,054 | 198,006 |
| TOTAL CURRENT ASSETS | 9,434,174 | 10,495,421 |
| Property and equipment, net | 8,915,771 | 8,795,147 |
| Goodwill, net | 528,368 | 601,407 |
| Favorable royalty contract, net | 135,329 | 144,013 |
| Operating lease right-of-use assets, net | 4,675,079 | 5,268,530 |
| Finance lease right-of-use assets, net | 798,818 | 1,134,741 |
| TOTAL ASSETS | $ 24,487,539 | $ 26,439,259 |
| LIABILITIES | ||
| Accounts payable | $ 1,272,694 | $ 1,283,569 |
| Gift cards redeemable, net | 567,854 | 543,562 |
| Accrued expens |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the company's cash and cash equivalents at the end of 2024 totaled $3,983,449. This figure represents the amount of readily available cash and short-term investments that Monicals Pizza had on hand as of December 31, 2024. This is an increase from the $3,416,311 the company had in cash and cash equivalents at the end of 2023.
Cash and cash equivalents are crucial for covering immediate expenses, managing unforeseen financial challenges, and making timely investments. A healthy balance of cash and cash equivalents indicates the company's ability to meet its short-term obligations and capitalize on immediate opportunities. For prospective franchisees, this signals the financial stability of Monicals Pizza.
It is important to note that while this figure provides a snapshot of Monicals Pizza's financial position at a specific point in time, it does not reflect the company's overall financial health or future performance. Prospective franchisees should review the complete financial statements and consult with a financial advisor to gain a comprehensive understanding of Monicals Pizza's financial condition and prospects.