What was the total shareholders' equity for Sonesta Simply Suites in the earlier reported year?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Shareholders’ Equity: | ||
|---|---|---|
| Common shares, $0.01 par value; 50,000,000 shares authorized, | ||
| 25,464,899 issued and outstanding | 255 | 255 |
| Additional paid in capital | 87,652 | 87,652 |
| Accumulated deficit | ( 9,676) | ( 6,763) |
| Total shareholders' equity | 78,231 | 81,144 |
| Total liabilities and shareholders' equity | $ 100,942 | $ 104,599 |
Source: Item 23 — RECEIPTS (FDD pages 80–246)
What This Means (2025 FDD)
According to Sonesta Simply Suites' 2025 Franchise Disclosure Document, the total shareholders' equity for the earlier of the two years reported was $78,231. This figure represents the net worth attributable to the company's shareholders.
The FDD also provides a breakdown of the components contributing to the total shareholders' equity. This includes common shares valued at $255, additional paid-in capital of $87,652, and an accumulated deficit of $(9,676). These figures offer insight into how the equity is composed, showing the contributions from share issuance, additional investments, and retained earnings (or losses).
For a prospective franchisee, this information is useful in assessing the financial stability and capitalization of Sonesta Simply Suites. A higher shareholders' equity generally indicates a stronger financial position. Reviewing these figures over time, as the FDD provides for two years, can reveal trends in the company's financial performance and equity growth. It's important to note that these figures are just one aspect of the overall financial health and should be considered alongside other financial metrics and disclosures within the FDD.