What was the status of the Mrcool company's debt obligations subsequent to the date of the financial statements?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
Subsequent to the date of these financial statements, the Company extinguished all outstanding debt obligations through capital contributions made by its members. As a result, the Company now has no outstanding debt as of the date of this report.
The Company evaluated all subsequent events through the date of this report, which is the date the financial statements were available to be issued.
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, subsequent to the date of the financial statements, Mrcool extinguished all outstanding debt obligations through capital contributions made by its members. As a result, Mrcool had no outstanding debt as of the date of the report.
This indicates that Mrcool had resolved its debt obligations by the time the report was issued. For a prospective franchisee, this suggests that Mrcool has taken steps to improve its financial stability by eliminating its debt.
It's important to note that this statement is based on Mrcool's evaluation of subsequent events through the date of the report's issuance. Franchisees should consider this information as part of their overall assessment of Mrcool's financial health and stability.