What was the total value of The Standardx's total equity 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 |
| 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 |
| Long-term debt | 3,326 | 2,305 |
| Long-term contract liabilities | 843 | 1,759 |
| Long-term operating lease liabilities | 245 | 273 |
| Other long-term liabilities | 1,810 | 1,351 |
| Total liabilities | 9,498 | 9,266 |
| Commitments and contingencies (Note 15) | ||
| EQUITY: | ||
| — | — | |
| Class A common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 42,613,090 issued and | 1 | 1 |
| outstanding at December 31, 2024, and Class B common stock, $0.01 par value per share, 385,525,991 shares | ||
| authorized, 53,531,579 shares issued and outstanding at December 31, 2024. Class A common stock, $0.01 par value | ||
| per share, 1,000,000,000 shares authorized, 44,275,818 issued and outstanding at December 31, 2023, and Class B | ||
| common stock, $0.01 par value per share, 390,751,535 shares authorized, 58,757,123 shares issued and outstanding | ||
| at December 31, 2023 | ||
| Additional paid-in capital | — | — |
| Retained earnings | 3,815 | 3,738 |
| Accumulated other comprehensive loss | (269) | (175) |
| Total stockholders' equity | 3,547 | 3,564 |
| Noncontrolling interests | 279 | 3 |
| Total equity | 3,826 | 3,567 |
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 equity as of December 31, 2024, was $3,826 million. This figure is derived from the consolidated balance sheets which aggregate all assets, liabilities, and equity accounts of The Standardx. The FDD also provides a comparative figure, noting that the total equity as of December 31, 2023, was $3,567 million. This shows an increase in total equity from 2023 to 2024.
Equity, in simple terms, represents the owners' stake in the company. It is calculated by subtracting total liabilities from total assets. A higher equity value generally indicates a stronger financial position for The Standardx, suggesting that it has more assets than liabilities. For a prospective franchisee, a healthy equity position in the franchisor can be reassuring, as it implies greater financial stability and a lower risk of financial distress for the parent company.
It's important to note that this equity figure is a snapshot in time and can fluctuate based on various factors, including profitability, investments, and market conditions. While the FDD provides this historical data, it does not guarantee future performance. A potential franchisee should consider this information in conjunction with other factors, such as the brand's market presence, growth strategy, and the terms of the franchise agreement, to make an informed decision.