What was the total value of The Standardx's total assets as of December 31, 2024?
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 company's total assets as of December 31, 2024, were valued at $13,324 million. This figure represents the sum of all assets The Standardx owns, including cash, investments, property, equipment, and intangible assets. For comparison, the total assets as of December 31, 2023, were $12,833 million.
Breaking down the assets, current assets totaled $2,733 million, which includes liquid assets like cash and short-term investments. Non-current assets, which are not easily converted to cash, include equity method investments ($189 million), property and equipment net of depreciation ($1,689 million), financing receivables ($368 million), operating lease right-of-use assets ($328 million), goodwill ($2,541 million), intangibles net of amortization ($2,167 million), deferred tax assets ($466 million), and other assets ($2,843 million).
These figures are important for prospective franchisees as they provide a snapshot of The Standardx's financial health and stability. A strong asset base can indicate the company's ability to support its franchisees and invest in future growth. However, it is also important to consider the composition of these assets, as some may be less liquid or subject to valuation adjustments, as noted in the document regarding fair value estimates and potential changes during the measurement period. Franchisees should consult with a financial advisor to fully understand the implications of these figures.