What was the total value of The Standardx's current liabilities as of December 31, 2023?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND EQUITY | ||
|---|---|---|
| CURRENT LIABILITIES: | ||
| Current maturities of long-term debt | $ 456 | $ 751 |
| Accounts payable | 475 | 493 |
| Accrued expenses and other current liabilities | 565 | 468 |
| Current contract liabilities | 1,553 | 1,598 |
| Accrued compensation and benefits | 192 | 210 |
| Current operating lease liabilities | 33 | 41 |
| Liabilities held for sale | — | 17 |
| Total current liabilities | 3,274 | 3,578 |
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 total current liabilities as of December 31, 2023, were $3,578. This figure represents the sum of several short-term financial obligations that The Standardx was expected to settle within one year. These liabilities include items such as current maturities of long-term debt, accounts payable, accrued expenses, current contract liabilities, accrued compensation and benefits, current operating lease liabilities, and liabilities held for sale.
For a prospective franchisee, understanding the composition and magnitude of these current liabilities is crucial. It provides insight into The Standardx's short-term financial health and its ability to meet its immediate obligations. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect The Standardx's ability to support its franchisees or invest in future growth.
It is important to note that these figures are based on The Standardx's consolidated balance sheet, which includes the financial performance of all its subsidiaries and affiliated entities. While this provides a comprehensive view of The Standardx's overall financial position, franchisees may also want to inquire about the financial performance of the specific division or entity that they will be directly affiliated with to gain a more granular understanding of the financial risks and opportunities associated with their franchise.