What were the total assets for Noodles & Company in 2024 (in thousands)?
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 |
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 thousands). This figure represents the sum of current assets, property and equipment, net of depreciation, operating lease assets, goodwill, intangibles, and other long-term assets.
For a prospective franchisee, understanding the asset values of Noodles & Company can provide insight into the financial health and stability of the company. A substantial asset base can indicate a strong foundation and the ability to support its franchisees. It is important to note that these are consolidated figures, reflecting the entire Noodles & Company organization, not just the franchise operations.
When evaluating this information, potential franchisees should also consider the liabilities and equity of Noodles & Company to get a complete picture of the company's financial position. Comparing these asset figures with those from previous years, also provided in the FDD, can reveal trends in the company's financial performance. Reviewing the balance sheet in its entirety will allow potential franchisees to assess the overall financial stability of Noodles & Company.