Noodles & Company (NDLS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 18.06M | 18.89M | 23.82M | 21.27M | 20.51M | 20.19M | 23.41M | 22.49M | 22.24M | 22.62M | 22.77M | 23.82M | 21.09M | 21.64M | 21.65M | 20.5M | 19.63M | 22.56M | 21.46M | 34.96M |
| Cash & Short-Term Investments | 1.44M | 1.26M | 4.69M | 2.26M | 1.4M | 1.15M | 3.31M | 1.81M | 1.33M | 3.01M | 2.53M | 3.14M | 2.06M | 1.52M | 1.84M | 1.79M | 1.6M | 2.25M | 3.15M | 17.32M |
| Cash Only | 1.44M | 1.26M | 4.69M | 2.26M | 1.4M | 1.15M | 3.31M | 1.81M | 1.33M | 3.01M | 2.53M | 3.14M | 2.06M | 1.52M | 1.84M | 1.79M | 1.6M | 2.25M | 3.15M | 17.32M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 4.38M | 4.45M | 4.1M | 4.45M | 4.39M | 4.49M | 4.32M | 2.83M | 5.48M | 5.14M | 5.23M | 4.95M | 6.62M | 5.35M | 4.18M | 4.53M | 4.07M | 3.92M | 4.42M |
| Days Sales Outstanding | - | 3.27 | 3.19 | 3.08 | 3.25 | 3.32 | 3.27 | 2.56 | 3.19 | 3.8 | 3.69 | 3.7 | 4.31 | 4.17 | 3.35 | 3.02 | 3.36 | 3.27 | 3.03 | 2.83 |
| Inventory | 0 | 0 | 10.41M | 10.65M | 11.11M | 10.5M | 10.44M | 10.42M | 10.19M | 10.25M | 10.31M | 10.2M | 9.94M | 10.04M | 10.05M | 9.93M | 9.72M | 9.4M | 9.71M | 9.53M |
| Days Inventory Outstanding | - | - | 12.09 | 11.86 | 11.82 | 9 | 9.06 | 8.9 | 9.19 | 8.81 | 8.91 | 8.78 | 8.83 | 8.43 | 8.39 | 8.25 | 8.48 | 9.09 | 8.68 | 8.59 |
| Other Current Assets | 16.62M | 13.25M | 21K | 18K | 18K | 24K | 24K | 24K | 3.46M | 24K | 32K | 43K | 48K | 55K | 122K | 152K | 155K | 3.64M | 117K | 117K |
| Total Non-Current Assets | 228.25M | 242.78M | 256.75M | 273.31M | 298.94M | 304.46M | 317.13M | 323.8M | 338.14M | 345.47M | 346.06M | 333.75M | 327.96M | 322.21M | 321.6M | 318.09M | 318.14M | 318.9M | 323.04M | 325.19M |
| Property, Plant & Equipment | 0 | 0 | 247.61M | 264.13M | 289.6M | 295.06M | 307.72M | 314.35M | 328.6M | 336.03M | 336.66M | 324.24M | 318.51M | 312.78M | 312.48M | 308.98M | 308.81M | 307.72M | 311.73M | 313.81M |
| Fixed Asset Turnover | - | - | 0.48x | 0.46x | 0.42x | 0.40x | 0.39x | 0.40x | 0.37x | 0.37x | 0.39x | 0.39x | 0.40x | 0.44x | 0.42x | 0.42x | 0.37x | 0.37x | 0.40x | 0.40x |
| Goodwill | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M |
| Intangible Assets | 406K | 420K | 426K | 466K | 497K | 495K | 504K | 515K | 525K | 538K | 569K | 584K | 597K | 608K | 624K | 640K | 654K | 668K | 722K | 732K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 220.69M | 235.2M | 1.56M | 1.56M | 1.69M | 1.75M | 1.75M | 1.79M | 1.86M | 1.75M | 1.68M | 1.77M | 1.7M | 1.67M | 1.34M | 1.31M | 1.52M | 3.36M | 3.44M | 3.5M |
| Total Assets | 246.31M | 261.67M | 280.57M | 294.57M | 319.45M | 324.65M | 340.54M | 346.29M | 360.38M | 368.1M | 368.83M | 357.57M | 349.04M | 343.84M | 343.25M | 338.58M | 337.77M | 341.46M | 344.5M | 360.15M |
| Asset Turnover | 0.49x | 0.45x | 0.42x | 0.41x | 0.38x | 0.37x | 0.36x | 0.36x | 0.33x | 0.34x | 0.35x | 0.35x | 0.36x | 0.40x | 0.38x | 0.39x | 0.33x | 0.33x | 0.36x | 0.36x |
| Asset Growth % | -22.89% | -19.4% | -17.61% | -14.93% | -11.36% | -11.8% | -7.67% | -3.15% | 3.25% | 7.05% | 7.45% | 5.61% | 3.34% | 0.7% | -0.36% | -5.99% | -1.58% | -3.44% | -5.14% | -14.74% |
| Total Current Liabilities | 64.35M | 61.84M | 70.65M | 68.37M | 70.11M | 65.72M | 76.22M | 71.33M | 72.51M | 67.51M | 75.59M | 64.54M | 67.97M | 64.11M | 66.46M | 69.97M | 67.61M | 76.58M | 68.31M | 70.76M |
| Accounts Payable | 0 | 16.55M | 18.79M | 18.84M | 17.14M | 13.19M | 20.04M | 17.9M | 17.57M | 16.69M | 22.07M | 14.54M | 15.52M | 15.31M | 15.6M | 15.28M | 15.31M | 15.54M | 12.44M | 12.59M |
| Days Payables Outstanding | - | 7.84 | 21.59 | 19.59 | 16.59 | 14.29 | 16.48 | 15.32 | 15.41 | 16.61 | 15.92 | 13.11 | 13.63 | 12.96 | 12.96 | 12.84 | 13.67 | 13.31 | 11.3 | 10.9 |
| Short-Term Debt | 25.69M | 0 | 31.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.81M | 2.03M | 1.5M | 1.5M |
| Deferred Revenue (Current) | 0 | 0 | 2.98M | 1.96M | 2.04M | 2M | 1.8M | 1.92M | 2.07M | 2.22M | 1.8M | 1.96M | 2.07M | 2.43M | 2.1M | 2.45M | 2.37M | 2.85M | 2.19M | 2.56M |
| Other Current Liabilities | 38.66M | 17.17M | 7.17M | 516K | 1.02M | 1.41M | 1.1M | 1.37M | 0 | 698K | 1.63M | 2.02M | 2.82M | 2.01M | 1.38M | 1.35M | 1.55M | 7.14M | 5.88M | 3.7M |
| Current Ratio | 0.28x | 0.31x | 0.34x | 0.31x | 0.29x | 0.31x | 0.31x | 0.32x | 0.31x | 0.34x | 0.30x | 0.37x | 0.31x | 0.34x | 0.33x | 0.29x | 0.29x | 0.29x | 0.31x | 0.49x |
| Quick Ratio | 0.28x | 0.31x | 0.19x | 0.16x | 0.13x | 0.15x | 0.17x | 0.17x | 0.17x | 0.18x | 0.16x | 0.21x | 0.16x | 0.18x | 0.17x | 0.15x | 0.15x | 0.17x | 0.17x | 0.36x |
| Cash Conversion Cycle | - | - | -6.32 | -4.66 | -1.52 | -1.97 | -4.16 | -3.86 | -3.03 | -4 | -3.31 | -0.63 | -0.48 | -0.37 | -1.22 | -1.57 | -1.84 | -0.95 | 0.42 | 0.52 |
| Total Non-Current Liabilities | 230.01M | 245.13M | 248.82M | 256.98M | 263.24M | 264.51M | 260.58M | 265.32M | 265.96M | 273.42M | 260.73M | 256.95M | 245.15M | 241.37M | 240.41M | 233.73M | 238.12M | 227.24M | 235.09M | 253.95M |
| Long-Term Debt | 115.86M | 108.78M | 108.16M | 106.44M | 100.62M | 100.74M | 88.36M | 84.78M | 81.18M | 80.22M | 64.04M | 63.2M | 51.22M | 46.05M | 36.14M | 31.14M | 32.31M | 18.93M | 20.79M | 35.75M |
| Capital Lease Obligations | 0 | 131.94M | 136.37M | 140.06M | 151.44M | 156.72M | 167.02M | 174.63M | 179.66M | 186.28M | 189.98M | 186.9M | 186.59M | 187.32M | 195.97M | 194.2M | 196.92M | 200.24M | 203.59M | 206.98M |
| Deferred Tax Liabilities | 322K | 316K | 325K | 320K | 299K | 276K | 303K | 430K | 320K | 255K | 274K | 126K | 156K | 229K | 228K | 229K | 185K | 269K | 281K | 256K |
| Other Non-Current Liabilities | 113.83M | 3.29M | 3.37M | 10.16M | 10.88M | 6.77M | 4.89M | 5.49M | 4M | 6.66M | 6.43M | 6.72M | 7.18M | 7.77M | 8.07M | 8.16M | 8.71M | 7.8M | 10.43M | 10.96M |
| Total Liabilities | 294.36M | 306.98M | 319.47M | 325.35M | 333.36M | 330.23M | 336.8M | 336.65M | 338.47M | 340.94M | 336.31M | 321.49M | 313.11M | 305.48M | 306.87M | 303.69M | 305.73M | 303.83M | 303.4M | 324.71M |
| Total Debt | 141.55M | 268.85M | 276.1M | 278.9M | 283.9M | 291.5M | 288.87M | 292.7M | 293.56M | 298.94M | 286.09M | 281.48M | 268.63M | 264.16M | 262.26M | 254.93M | 260.22M | 249.78M | 254.59M | 272.33M |
| Net Debt | 140.1M | 267.59M | 271.4M | 276.63M | 282.5M | 290.35M | 285.56M | 290.89M | 292.23M | 295.93M | 283.56M | 278.34M | 266.56M | 262.64M | 260.42M | 253.14M | 258.62M | 247.52M | 251.44M | 255.01M |
| Debt / Equity | - | - | - | - | - | - | 77.34x | 30.35x | 13.40x | 11.01x | 8.80x | 7.80x | 7.48x | 6.89x | 7.21x | 7.31x | 8.12x | 6.64x | 6.19x | 7.68x |
| Debt / EBITDA | 27.38x | 9.40x | 968.76x | - | 403.84x | - | 118.00x | - | 89.66x | 102.27x | 33.04x | 45.72x | 66.77x | 33.89x | 35.66x | 33.36x | - | 199.66x | 23.38x | 23.11x |
| Net Debt / EBITDA | 27.10x | 9.36x | 952.29x | - | 401.85x | - | 116.65x | - | 89.26x | 101.24x | 32.74x | 45.21x | 66.26x | 33.70x | 35.41x | 33.13x | - | 197.86x | 23.09x | 21.64x |
| Interest Coverage | -0.31x | 8.33x | -2.24x | -5.37x | -2.41x | -3.17x | -2.31x | -5.77x | -2.07x | -2.84x | 1.72x | -0.27x | -2.32x | 2.34x | 2.08x | 3.84x | -13.90x | -11.82x | 8.96x | 12.47x |
| Total Equity | -48.04M | -45.3M | -38.9M | -30.77M | -13.9M | -5.58M | 3.73M | 9.64M | 21.9M | 27.16M | 32.52M | 36.08M | 35.93M | 38.36M | 36.38M | 34.89M | 32.05M | 37.63M | 41.1M | 35.44M |
| Equity Growth % | -245.51% | -712.06% | -1141.47% | -419.14% | -163.48% | -120.54% | -88.51% | -73.27% | -39.04% | -29.2% | -10.63% | 3.42% | 12.13% | 1.94% | -11.49% | -1.57% | 13.94% | 26.71% | 25.07% | 9.81% |
| Book Value per Share | -8.20 | -7.75 | -6.70 | -5.33 | -2.43 | -0.98 | 0.65 | 1.70 | 3.89 | 4.83 | 5.65 | 6.23 | 6.23 | 6.62 | 6.30 | 6.05 | 5.61 | 6.59 | 7.09 | 6.13 |
| Total Shareholders' Equity | -48.04M | -45.3M | -38.9M | -30.77M | -13.9M | -5.58M | 3.73M | 9.64M | 21.9M | 27.16M | 32.52M | 36.08M | 35.93M | 38.36M | 36.38M | 34.89M | 32.05M | 37.63M | 41.1M | 35.44M |
| Common Stock | 62K | 62K | 492K | 489K | 484K | 482K | 481K | 480K | 478K | 474K | 474K | 489K | 488K | 485K | 484K | 484K | 483K | 481K | 481K | 480K |
| Retained Earnings | -230.44M | -227.03M | -220.22M | -211.07M | -193.51M | -184.46M | -174.76M | -168.01M | -154.38M | -148.24M | -142.11M | -142.81M | -141.5M | -138.39M | -139.36M | -140.16M | -141.5M | -135.07M | -130.34M | -135.03M |
| Treasury Stock | 0 | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |