What was the reported cash and cash equivalents for 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 consolidated balance sheets show cash and cash equivalents of $1,149 thousand as of December 31, 2024. This can also be expressed as $1.149 million. For comparison, the cash and cash equivalents as of January 2, 2024, were $3,013 thousand, or $3.013 million.
Cash and cash equivalents are considered current assets on the balance sheet. Current assets represent resources that Noodles & Company expects to convert into cash within one year. Besides cash and cash equivalents, Noodles & Company's current assets include accounts receivable, inventories, prepaid expenses and other assets, and income tax receivable.
For a prospective franchisee, understanding the cash position of Noodles & Company can be useful in assessing the financial health and stability of the company. A strong cash position can indicate that the company has sufficient liquidity to meet its short-term obligations and invest in future growth. However, it is important to consider the cash position in the context of the company's overall financial performance and industry trends.