What was the total value of The Standardx's assets held for sale 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 |
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the company's assets held for sale were valued at $62 million as of December 31, 2023. This figure is part of the consolidated balance sheet, reflecting the financial position of The Standardx at that specific point in time. Assets held for sale are typically properties or components of the business that The Standardx intends to sell within a short period, usually one year.
For a prospective franchisee, this indicates the level of asset turnover The Standardx experiences. It also provides insight into the types of assets The Standardx might divest. Reviewing the notes related to these assets, as referenced in the FDD, can give a better understanding of the nature of these assets and the reasons behind their classification as held for sale.
Understanding the context behind these figures is crucial. For instance, the sale of assets like the Hyatt Regency Aruba Resort Spa and Casino, as detailed elsewhere in the FDD, can significantly impact the company's financial statements. While the balance sheet provides a snapshot, additional details about specific transactions are usually found in the notes to the financial statements.