What was the amount of accrued liabilities for Precision Door Service as of December 31, 2022?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| 19,104 | 16,882 | | less current portion | | | | Trade notes receivable – | 15,894 | 19,893 | | less current portion - | | | | net | | | | Intangible assets – | 1,425,724 | 1,525,073 | | net | | | | Goodwill | 1,741,101 | 2,154,115 | | Other non-current assets | 2,128 | 2,766 | | Total assets | $ 3,459,395 | $ 3,969,145 |
Consolidated Balance Sheets (continued) ($000's, except share and per share amounts)
| As of December 31, | 2023 | 2022 |
|---|---|---|
| Liabilities and Stockholder's Equity | ||
| Cu |
Source: Item 21 — Financial Statements (FDD page 91)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the company's accrued liabilities as of December 31, 2022, were $62,940. This figure represents the obligations the company has accumulated but not yet paid, such as wages, taxes, and other expenses.
For a prospective Precision Door Service franchisee, understanding accrued liabilities is crucial for assessing the company's short-term financial health. A high level of accrued liabilities could indicate that the company is deferring payments, which might strain its cash flow. Conversely, a stable or decreasing level of accrued liabilities could suggest efficient financial management.
It's important to note that this figure is just a snapshot in time and should be analyzed in conjunction with other financial metrics and trends. Reviewing the complete financial statements and comparing these figures with previous years can provide a more comprehensive understanding of Precision Door Service's financial stability and practices.