Noodles & Company
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants in the United States. The company offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It also operates company owned and franchise operated locations. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.
Noodles & Company (NDLS) - Net Assets
Latest net assets as of September 2025: $-38.90 Million USD
Based on the latest financial reports, Noodles & Company (NDLS) has net assets worth $-38.90 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($280.57 Million) and total liabilities ($319.47 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-38.90 Million |
| % of Total Assets | -13.86% |
| Annual Growth Rate | N/A |
| 5-Year Change | -118.79% |
| 10-Year Change | -105.95% |
| Growth Volatility | 218.3 |
Noodles & Company - Net Assets Trend (2011–2024)
This chart illustrates how Noodles & Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Noodles & Company (2011–2024)
The table below shows the annual net assets of Noodles & Company from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-5.58 Million | -120.54% |
| 2023-12-31 | $27.16 Million | -29.20% |
| 2022-12-31 | $38.36 Million | +1.94% |
| 2021-12-31 | $37.63 Million | +26.71% |
| 2020-12-31 | $29.70 Million | -41.27% |
| 2019-12-31 | $50.57 Million | -4.01% |
| 2018-12-31 | $52.68 Million | +46.90% |
| 2017-12-31 | $35.86 Million | +38.90% |
| 2016-12-31 | $25.82 Million | -72.47% |
| 2015-12-31 | $93.77 Million | -33.07% |
| 2014-12-31 | $140.12 Million | +12.57% |
| 2013-12-31 | $124.47 Million | +788.59% |
| 2012-12-31 | $14.01 Million | +86.20% |
| 2011-12-31 | $7.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noodles & Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 18293700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $482.00K | % |
| Other Components | $178.40 Million | % |
| Total Equity | $-5.58 Million | 100.00% |
Noodles & Company Competitors by Market Cap
The table below lists competitors of Noodles & Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VerticalScope Holdings Inc
TO:FORA
|
$25.75 Million |
|
CPE Technology Berhad
KLSE:5317
|
$25.76 Million |
|
LI Ming Development Construction Co Ltd
TWO:6212
|
$25.77 Million |
|
Biocartis Group NV
BR:BCART
|
$25.77 Million |
|
Forward Graphic Enterprise Co Ltd
TWO:8906
|
$25.75 Million |
|
Vine Hill Capital Investment Corp. Warrant
NASDAQ:VCICW
|
$25.73 Million |
|
Iofina plc
PINK:IOFNF
|
$25.73 Million |
|
Grand River Commerce Inc
OTCQX:GNRV
|
$25.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noodles & Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,160,000 to -5,579,000, a change of -32,739,000 (-120.5%).
- Net loss of 36,213,000 reduced equity.
- Other factors increased equity by 3,474,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-36.21 Million | -649.09% |
| Other Changes | $3.47 Million | +62.27% |
| Total Change | $- | -120.54% |
Book Value vs Market Value Analysis
This analysis compares Noodles & Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $0.26 | $6.65 | x |
| 2012-12-31 | $0.49 | $6.65 | x |
| 2013-12-31 | $4.50 | $6.65 | x |
| 2014-12-31 | $4.52 | $6.65 | x |
| 2015-12-31 | $3.24 | $6.65 | x |
| 2016-12-31 | $0.93 | $6.65 | x |
| 2017-12-31 | $0.95 | $6.65 | x |
| 2018-12-31 | $1.24 | $6.65 | x |
| 2019-12-31 | $1.12 | $6.65 | x |
| 2020-12-31 | $0.67 | $6.65 | x |
| 2021-12-31 | $0.82 | $6.65 | x |
| 2022-12-31 | $0.84 | $6.65 | x |
| 2023-12-31 | $0.59 | $6.65 | x |
| 2024-12-31 | $-0.12 | $6.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noodles & Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.34%
- • Asset Turnover: 1.52x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-31.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 50.90% | 1.50% | 2.03x | 16.79x | $3.08 Million |
| 2012 | 36.86% | 1.72% | 1.91x | 11.21x | $3.76 Million |
| 2013 | 5.35% | 1.90% | 2.07x | 1.36x | $-5.78 Million |
| 2014 | 8.16% | 2.83% | 1.69x | 1.71x | $-2.58 Million |
| 2015 | -14.68% | -3.02% | 1.90x | 2.56x | $-23.14 Million |
| 2016 | -277.62% | -14.70% | 2.33x | 8.11x | $-74.26 Million |
| 2017 | -126.74% | -9.96% | 2.46x | 5.17x | $-49.04 Million |
| 2018 | -16.02% | -1.84% | 2.66x | 3.27x | $-13.71 Million |
| 2019 | 3.26% | 0.36% | 1.22x | 7.48x | $-3.41 Million |
| 2020 | -78.32% | -5.91% | 1.11x | 11.91x | $-26.23 Million |
| 2021 | 9.74% | 0.77% | 1.39x | 9.07x | $-98.30K |
| 2022 | -8.64% | -0.65% | 1.48x | 8.96x | $-7.15 Million |
| 2023 | -36.29% | -1.96% | 1.37x | 13.55x | $-12.57 Million |
| 2024 | 0.00% | -7.34% | 1.52x | 0.00x | $-35.66 Million |
Industry Comparison
This section compares Noodles & Company's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noodles & Company (NDLS) | $-38.90 Million | 50.90% | N/A | $25.75 Million |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |