Noodles & Company (NDLS) — Working Capital to Net Assets Ratio
Noodles & Company (NDLS) has a Working Capital to Net Assets ratio of 96.4% as of March 2026. Working capital of $-46.29 Million (current assets of $18.06 Million minus current liabilities of $64.35 Million) is measured against net assets of $-48.04 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Noodles & Company net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Noodles & Company Working Capital to Net Assets (2011–2025)
This chart shows how Noodles & Company's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at 96.4%, reflecting working capital of $-46.29 Million against net assets of $-48.04 Million USD. Check Noodles & Company tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Noodles & Company (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Noodles & Company from 2011 to 2025, covering 15 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see NDLS company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 94.8% | $-42.95 Million | $-45.30 Million | $18.89 Million | $61.84 Million | ▼ -721.2 pp |
| 2024 | 816.0% | $-45.52 Million | $-5.58 Million | $20.19 Million | $65.72 Million | ▲ +981.3 pp |
| 2023 | -165.3% | $-44.89 Million | $27.16 Million | $22.62 Million | $67.51 Million | ▼ -54.6 pp |
| 2022 | -110.7% | $-42.48 Million | $38.36 Million | $21.64 Million | $64.11 Million | ▲ +32.8 pp |
| 2021 | -143.5% | $-54.02 Million | $37.63 Million | $22.56 Million | $76.58 Million | ▼ -27.7 pp |
| 2020 | -115.9% | $-34.41 Million | $29.70 Million | $23.71 Million | $58.13 Million | ▼ -59.1 pp |
| 2019 | -56.8% | $-28.71 Million | $50.57 Million | $29.32 Million | $58.03 Million | ▼ -38.2 pp |
| 2018 | -18.6% | $-9.80 Million | $52.68 Million | $23.35 Million | $33.15 Million | ▲ +42.2 pp |
| 2017 | -60.8% | $-21.81 Million | $35.86 Million | $22.06 Million | $43.87 Million | ▲ +29.2 pp |
| 2016 | -90.0% | $-23.25 Million | $25.82 Million | $25.79 Million | $49.03 Million | ▼ -82.0 pp |
| 2015 | -8.0% | $-7.51 Million | $93.77 Million | $25.40 Million | $32.91 Million | ▼ -5.8 pp |
| 2014 | -2.2% | $-3.06 Million | $140.12 Million | $22.78 Million | $25.83 Million | ▲ +2.5 pp |
| 2013 | -4.7% | $-5.83 Million | $124.47 Million | $18.33 Million | $24.16 Million | ▲ +49.6 pp |
| 2012 | -54.3% | $-7.61 Million | $14.01 Million | $16.15 Million | $23.76 Million | ▲ +47.8 pp |
| 2011 | -102.1% | $-7.68 Million | $7.52 Million | $12.88 Million | $20.56 Million | — |