What was the net value of property and equipment for The Standardx as of December 31, 2024?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Cash and cash equivalents | $ 1 | $ 2 |
| Receivables | 30 | 15 |
| Total current assets | 31 | 17 |
| Operating lease right-of-use assets | 1 | 1 |
| Goodwill | 163 | 147 |
| Intangibles, net | 534 | 515 |
| Other assets | 53 | 50 |
| Total assets | $ 782 | $ 730 |
| Accounts payable | $ 16 | $ 15 |
| Accrued expenses and other current liabilities | 1 | 1 |
| Total current liabilities | 17 | 16 |
| Long-term operating lease liabilities | 1 | 1 |
| Other long-term liabilities | 169 | 161 |
| Total liabilities | $ 187 | $ 178 |
Source: Item 1 — Financial Statements. (FDD pages 156–187)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, The Standardx's balance sheets provide details on various asset categories, but do not explicitly list a combined "net value of property and equipment." Instead, the balance sheets include categories such as cash and cash equivalents, receivables, total current assets, operating lease right-of-use assets, goodwill, intangibles net, and other assets.
As of December 31, 2024, The Standardx reported total assets of $730 million. This figure encompasses all the assets listed on the balance sheet. However, without a specific line item for "property and equipment," it is impossible to determine the net value of property and equipment from the provided financial data.
Prospective franchisees should inquire with The Standardx's management about the specific breakdown of property and equipment values, including any associated depreciation or amortization, to gain a clearer understanding of the company's asset composition. This information is crucial for assessing the financial health and capital investment requirements of The Standardx.