What was the reported total value of prepaid expenses and other assets for Noodles & Company in 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 | |
|---|---|---|
| Assets |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the total value of prepaid expenses and other assets as of December 31, 2024, was $4,156. In comparison, the value for the previous year, as of January 2, 2024, was $3,879.
This figure represents the combined value of expenses paid in advance and other assets not easily classified elsewhere on the balance sheet. Prepaid expenses typically include items like insurance premiums, rent, and advertising costs that have been paid for but not yet fully used or recognized as expenses. Other assets can encompass a variety of items, such as deferred charges, security deposits, or other investments.
For a prospective Noodles & Company franchisee, understanding the composition and value of these prepaid expenses and other assets is important for assessing the company's overall financial health and working capital management. Significant fluctuations in this line item from year to year could indicate changes in the company's operational strategies or accounting practices, which may warrant further investigation. It is important to note that these figures are presented in thousands.