What was the total current assets reported for Mrcool?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | 2024 | 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 141,212 | $ 847 |
| Accounts receivable | 299,762 | 0 |
| Prepaid expenses | 1,163 | 1,080 |
| Inventory | 677 | 0 |
| Total current assets | 442,814 | 1,927 |
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, the company's total current assets for 2024 were $442,814, and for 2023, the total current assets were $1,927. These figures include cash and cash equivalents, accounts receivable, prepaid expenses, and inventory.
For a prospective franchisee, understanding the current assets of Mrcool is crucial as it provides insight into the company's financial health and its ability to meet short-term obligations. A higher value of current assets generally indicates better liquidity and financial stability. The significant increase in total current assets from 2023 to 2024 suggests substantial growth or changes in the company's operations during that period.
Specifically, the increase in cash and cash equivalents from $847 in 2023 to $141,212 in 2024, and the introduction of accounts receivable at $299,762 and inventory at $677 in 2024, highlight key areas of growth. This information is valuable for potential franchisees as it reflects the company's recent financial performance and the composition of its assets.
Prospective franchisees should further investigate the reasons behind these changes and consider how Mrcool's asset management strategies might impact their own franchise operations. Understanding the factors driving the increase in current assets can help franchisees assess the potential risks and opportunities associated with investing in a Mrcool franchise.