What was the total value of The Standardx's total liabilities and equity 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 |
| 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 |
| TOTAL LIABILITIES AND EQUITY | $ 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 liabilities and equity as of December 31, 2023, was valued at $12,833. This figure represents the sum of all the company's obligations to creditors and the value of the shareholders' stake in the company at that specific point in time..
For a prospective franchisee, this number offers a snapshot of The Standardx's financial structure and stability. A higher number suggests that the company has a strong financial base, while significant changes year-over-year could signal shifts in the company's financial strategy or performance. It is important to note that this is a historical figure and may not be indicative of the company's current financial health.
When evaluating this information, potential franchisees should also consider the individual components of liabilities and equity. Reviewing the breakdown of current liabilities, long-term debt, and equity can provide a more detailed understanding of The Standardx's financial obligations and the sources of its funding. This information, combined with other financial metrics, can help franchisees assess the overall financial risk and potential reward of investing in The Standardx franchise.