What is the total 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 | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,149 | $ 3,013 |
| Accounts receivable | 4,058 | 5,144 |
| Inventories | 10,500 | 10,251 |
| Prepaid expenses and other assets | 4,156 | 3,879 |
| Income tax receivable | 329 | 337 |
| Total current assets | 20,192 | 22,624 |
| Property and equipment, net | 137,237 | 152,176 |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the company's total assets as of December 31, 2024, were $324,648. In comparison, as of January 2, 2024, the total assets were $368,095. This indicates a decrease in total assets for Noodles & Company from the beginning to the end of the 2024 fiscal year.
A prospective franchisee should consider these figures in the context of Noodles & Company's overall financial health and trends. Declining assets could indicate potential financial challenges or strategic shifts within the company. It's important to investigate the reasons behind this change by reviewing the complete financial statements and asking the franchisor for clarification.
Understanding the composition of Noodles & Company's assets, such as cash, accounts receivable, and property and equipment, is crucial. This information, detailed in the provided table, helps assess the liquidity and long-term stability of the company. A significant portion of Noodles & Company's assets is tied to property, equipment, and operating lease assets, which is typical for a restaurant franchise.
Franchisees should also compare these asset figures with those of other similar franchise systems to benchmark Noodles & Company's financial position. Analyzing the liabilities alongside the assets provides a more comprehensive view of the company's financial standing and its ability to meet its obligations. This due diligence is essential for making an informed investment decision.