What was the value of The Standardx's common shares in Playa Hotels as of December 31, 2024?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Interest-bearing money market funds | $ 447 | $ 600 |
| Common shares in Playa Hotels (Note 8) | 162 | 154 |
| Time deposits (1) | 617 | 379 |
| Total marketable securities held for investment purposes | $ 1,226 | $ 1,133 |
| Less: current portion of marketable securities held for investment purposes included in cash | (1,058) | (975) |
| and cash equivalents and short-term investments | ||
| Marketable securities held for investment purposes included in other assets | $ 168 | $ 158 |
Source: Item 1 — Financial Statements. (FDD pages 156–187)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the value of its common shares in Playa Hotels & Resorts N.V. was $154 as of December 31, 2024. The FDD specifies that these shares are accounted for as an equity security with a readily determinable fair value, because The Standardx does not have the ability to significantly influence the operations of Playa Hotels. The document also notes that The Standardx did not sell any of these common shares during the three months ended March 31, 2025, or March 31, 2024.
This information is part of The Standardx's condensed consolidated balance sheets, which provide a snapshot of the company's assets and liabilities at specific points in time. The inclusion of these common shares as marketable securities held for investment purposes indicates that The Standardx views them as a liquid asset that can be readily converted to cash if needed.
For a prospective franchisee, this detail provides insight into The Standardx's investment strategy and financial health. While the amount is relatively small compared to other figures in the financial statements, it demonstrates that The Standardx engages in investment activities beyond its core franchising operations. It's important to note that the value of these shares can fluctuate based on market conditions, which could impact The Standardx's overall financial performance.