What was the total value of Monicals Pizza's cash assets in 2023?
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 ASS |
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 assets totaled $3,416,311 in 2023. This figure represents the total amount of cash and cash equivalents held by Monicals Pizza at the end of the 2023 fiscal year. Cash equivalents are defined by the company as highly liquid, short-term investments with a maturity of three months or less.
In addition to cash, Monicals Pizza also held short-term investments valued at $5,660,513 in 2023. These investments consist of certificates of deposit with an original maturity greater than three months, carried at amortized cost. Accounts receivable, representing money owed to Monicals Pizza, totaled $747,232. Inventories were valued at $473,359, and prepaid expenses and other current assets amounted to $198,006.
Combining all these current assets, Monicals Pizza had total current assets of $10,495,421 in 2023. This indicates the company's ability to meet its short-term obligations and fund its ongoing operations. Prospective franchisees should consider these figures in the context of the company's overall financial health and stability, as detailed in the financial statements included in the FDD.