What was the net value of The Standardx's property and equipment as of December 31, 2023?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | ||
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 1,011 | $ 881 |
| Restricted cash | 1 | 34 |
| Short-term investments | 372 | 15 |
| 1,121 | 883 | |
| Inventories | 8 | 9 |
| Prepaids and other assets | 174 | 195 |
| Prepaid income taxes | 46 | 51 |
| Assets held for sale | — | 62 |
| Total current assets | 2,733 | 2,130 |
| Equity method investments | 189 | 211 |
| Property and equipment, net | 1,689 | 2,340 |
| Financing receivables, net of allowances of $36 and $42 at December 31, 2024 and December 31, 2023, respectively | 368 | 73 |
| Operating lease right-of-use assets | 328 | 369 |
| Goodwill | 2,541 | 3,205 |
| Intangibles, net | 2,167 | 1,670 |
| Deferred tax assets | 466 | 358 |
| Other assets | 2,843 | 2,477 |
| TOTAL ASSETS | $ 13,324 | $ 12,833 |
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the net value of their property and equipment as of December 31, 2023, was $2,340 million. This figure represents the company's investment in physical assets like land, buildings, and equipment, minus accumulated depreciation.
For a prospective franchisee, this number provides insight into the scale of The Standardx's asset base. It reflects the resources The Standardx utilizes to operate its business. Significant fluctuations in this value from year to year could indicate changes in investment strategy, acquisitions, or asset disposals, as discussed elsewhere in the FDD.
It's important to note that this is a consolidated figure, reflecting the total property and equipment of The Standardx as a whole. It does not break down the property and equipment related to individual franchised locations. Franchisees typically do not directly own a portion of this property and equipment unless specified in their franchise agreement.