What was the income tax receivable reported by Noodles & Company as of December 31, 2024?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
, January 2, 2024 and January 3, 2023 | 4 | | Notes to Consolidated Financial Statements | 5 | | Report of Independent Registered Public Accounting Firm (PCAOB ID: 42) | |
Noodles & Company Consolidated Balance Sheets (in thousands, except share data)
| December 31, 2024 | January 2, 2024 |
|---|
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the company reported an income tax receivable of $329,000 as of December 31, 2024. This figure is part of the company's current assets. For comparison, on January 2, 2024, Noodles & Company's income tax receivable was $337,000.
Income tax receivable represents the amount of money Noodles & Company expects to receive from tax authorities. This asset arises when the company has overpaid its taxes or is entitled to a refund. Monitoring the income tax receivable can provide insights into the company's tax management strategies and its financial relationship with tax authorities.
For a prospective franchisee, understanding the income tax receivable is less directly relevant than metrics like revenue or net income. However, it contributes to the overall picture of Noodles & Company's financial health and stability. A significant fluctuation in this figure could warrant further investigation to understand the underlying reasons and potential implications.
Reviewing the trend in income tax receivable alongside other financial statement line items can offer a more comprehensive view of Noodles & Company's financial performance. While a relatively small amount compared to total assets, it still represents a claim the company has against tax authorities.