Noodles & annual net debt
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2025
Noodles & Net Debt Growth & History (NDLS)
Noodles &'s net debt was $267.6M for fiscal 2025.
View full Noodles & company overviewNoodles & annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-30 | $267.6M | −$24.8M | −8.47% |
| 2024 | 2024-12-31 | $292.4M | −$5.0M | −1.69% |
| 2023 | 2024-01-02 | $297.4M | $31.2M | +11.74% |
| 2022 | 2023-01-03 | $266.2M | $14.0M | +5.54% |
| 2021 | 2021-12-28 | $252.2M | −$26.5M | −9.50% |
| 2020 | 2020-12-29 | $278.6M | −$730,000 | −0.26% |
| 2019 | 2019-12-31 | $279.4M | $238.9M | +589.61% |
| 2018 | 2019-01-01 | $40.5M | −$13.8M | −25.34% |
| 2017 | 2018-01-02 | $54.3M | −$28.6M | −34.50% |
| 2016 | 2017-01-03 | $82.8M | $17.0M | +25.86% |
| 2015 | 2015-12-29 | $65.8M | $40.6M | +160.88% |
| 2014 | 2014-12-30 | $25.2M | $19.9M | +372.12% |
| 2013 | 2013-12-31 | $5.3M | −$88.6M | −94.31% |
| 2012 | 2013-01-01 | $93.9M | — | — |
Noodles & quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $246.7M | −$35.8M | −12.68% |
| Q1 2026 | 2026-03-31 | $252.2M | −$36.6M | −12.67% |
| Q4 2025 | 2025-12-30 | $267.6M | −$24.8M | −8.47% |
| Q3 2025 | 2025-09-30 | $271.4M | −$14.6M | −5.10% |
| Q2 2025 | 2025-07-01 | $282.6M | −$9.1M | −3.12% |
| Q1 2025 | 2025-04-01 | $288.8M | −$3.4M | −1.16% |
| Q4 2024 | 2024-12-31 | $292.4M | −$5.0M | −1.69% |
| Q3 2024 | 2024-10-01 | $286.0M | $497,000 | +0.17% |
| Q2 2024 | 2024-07-02 | $291.7M | $10.9M | +3.89% |
| Q1 2024 | 2024-04-02 | $292.2M | $22.7M | +8.42% |
| Q4 2023 | 2024-01-02 | $297.4M | $31.2M | +11.74% |
| Q3 2023 | 2023-10-03 | $285.5M | $21.1M | +7.96% |
| Q2 2023 | 2023-07-04 | $280.7M | $23.5M | +9.12% |
| Q1 2023 | 2023-04-04 | $269.5M | $6.3M | +2.41% |
| Q4 2022 | 2023-01-03 | $266.2M | $14.0M | +5.54% |
| Q3 2022 | 2022-09-27 | $264.4M | $7.9M | +3.06% |
| Q2 2022 | 2022-06-28 | $257.3M | −$3.3M | −1.28% |
| Q1 2022 | 2022-03-29 | $263.2M | −$9.0M | −3.31% |
| Q4 2021 | 2021-12-28 | $252.2M | −$26.5M | −9.50% |
| Q3 2021 | 2021-09-28 | $256.6M | −$25.1M | −8.92% |
| Q2 2021 | 2021-06-29 | $260.6M | −$29.5M | −10.18% |
| Q1 2021 | 2021-03-30 | $272.2M | −$16.7M | −5.80% |
| Q4 2020 | 2020-12-29 | $278.6M | −$730,000 | −0.26% |
| Q3 2020 | 2020-09-29 | $281.7M | −$10.8M | −3.68% |
| Q2 2020 | 2020-06-30 | $290.2M | −$7.9M | −2.66% |
| Q1 2020 | 2020-03-31 | $289.0M | −$17.0M | −5.55% |
| Q4 2019 | 2019-12-31 | $279.4M | $238.9M | +589.61% |
| Q3 2019 | 2019-10-01 | $292.5M | $246.6M | +537.72% |
| Q2 2019 | 2019-07-02 | $298.1M | $238.4M | +398.87% |
| Q1 2019 | 2019-04-02 | $305.9M | $245.7M | +407.80% |
| Q4 2018 | 2019-01-01 | $40.5M | −$13.8M | −25.34% |
| Q3 2018 | 2018-10-02 | $45.9M | −$15.9M | −25.75% |
| Q2 2018 | 2018-07-03 | $59.8M | $2.0M | +3.51% |
| Q1 2018 | 2018-04-03 | $60.2M | $10.7M | +21.58% |
| Q4 2017 | 2018-01-02 | $54.3M | −$28.6M | −34.50% |
| Q3 2017 | 2017-10-03 | $61.8M | −$20.3M | −24.69% |
| Q2 2017 | 2017-07-04 | $57.7M | −$18.9M | −24.64% |
| Q1 2017 | 2017-04-04 | $49.6M | −$22.6M | −31.36% |
| Q4 2016 | 2017-01-03 | $82.8M | $17.0M | +25.86% |
| Q3 2016 | 2016-09-27 | $82.0M | $23.6M | +40.48% |
| Q2 2016 | 2016-06-28 | $76.6M | $48.7M | +174.38% |
| Q1 2016 | 2016-03-31 | $72.2M | $51.4M | +246.68% |
| Q4 2015 | 2015-12-29 | $65.8M | $40.6M | +160.88% |
| Q3 2015 | 2015-09-29 | $58.4M | $39.1M | +203.28% |
| Q2 2015 | 2015-06-30 | $27.9M | $20.5M | +278.28% |
| Q1 2015 | 2015-03-31 | $20.8M | $14.9M | +251.01% |
| Q4 2014 | 2014-12-30 | $25.2M | $19.9M | +372.12% |
| Q3 2014 | 2014-09-30 | $19.3M | $18.1M | +1611.29% |
| Q2 2014 | 2014-07-01 | $7.4M | $7.8M | — |
| Q1 2014 | 2014-04-01 | $5.9M | — | — |
| Q4 2013 | 2013-12-31 | $5.3M | −$88.6M | −94.31% |
| Q3 2013 | 2013-10-01 | $1.1M | — | — |
| Q2 2013 | 2013-07-02 | −$411,000 | — | — |
| Q4 2012 | 2013-01-01 | $93.9M | — | — |
Noodles & net debt trends
Over the last five fiscal years, Noodles &'s net debt decreased from $278.6M to $267.6M, a change of −$11.0M. The latest reported quarter, Q2 2026, shows $246.7M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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