What was the total amount of Spray Net's total non current assets at the end of 2023?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | ||||||
|---|---|---|---|---|---|---|
| YEARS ENDED DECEMBER 31, | ||||||
| _ | 2024 | _ | 2023 | _ | 2022 | |
| Total non current assets | 2,322,066 | 2,287,454 | 2,042,478 |
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the company's total non-current assets at the end of 2023 were $2,287,454. This figure represents the value of Spray Net's assets that are not expected to be converted to cash or used up within one year.
Non-current assets typically include items such as property, equipment, and intangible assets like patents or goodwill. For a Spray Net franchisee, understanding the composition and value of these assets can provide insights into the company's long-term investments and financial stability.
Reviewing the trend of non-current assets over the three years presented (2022-2024) can also be helpful. In Spray Net's case, the total non-current assets were $2,042,478 in 2022 and $2,322,066 in 2024, showing some fluctuation during this period. This information, combined with other financial statement analysis, can help potential franchisees assess the financial health and investment strategies of Spray Net.