What is the total current assets for Noodles & Company as of January 2, 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 company's total current assets as of January 2, 2024, were $22,624.
This figure represents the sum of Noodles & Company's cash and cash equivalents, accounts receivable, inventories, prepaid expenses and other assets, and income tax receivable at that specific point in time. Current assets are those that Noodles & Company expects to convert to cash within one year, indicating the company's short-term financial health and liquidity.
For a prospective franchisee, understanding the current asset position of Noodles & Company can provide insights into the company's ability to meet its short-term obligations and manage its working capital. A higher value of current assets relative to current liabilities generally suggests a stronger financial position. Reviewing these figures in comparison to previous years and industry benchmarks can offer a more comprehensive understanding of Noodles & Company's financial management and stability.