What were the total current assets reported by 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 consolidated balance sheets show the financial position of the company as of both December 31, 2024, and January 2, 2024. The report includes the assets, liabilities, and equity for both dates. It's important to note that Noodles & Company operates on a fiscal year ending on the Tuesday closest to December 31. Fiscal year 2023 ended on January 2, 2024, and contained 52 weeks.
As of January 2, 2024, Noodles & Company reported total current assets of $22,624. These assets include cash and cash equivalents, accounts receivable, inventories, prepaid expenses and other assets, and income tax receivable.
A prospective franchisee should pay close attention to these figures as they provide a snapshot of the company's financial health and liquidity at that time. Understanding the composition of current assets can help a franchisee assess the company's ability to meet its short-term obligations. Reviewing these figures over time, such as comparing them to the data from December 31, 2024, can reveal trends and potential areas of concern or strength.