What is Noodles & Company's current ratio?

Noodles & Company (NDLS) reported current ratio of 0.3× in Q1 2026.

How has Noodles & Company's current ratio changed year-over-year?

Noodles & Company's current ratio decreased by 4.1% year-over-year, from 0.3× to 0.3×.

What is the long-term trend for Noodles & Company's current ratio?

Over 5 years (2020 to 2025), Noodles & Company's current ratio has grown at a -5.6% compound annual growth rate (CAGR), from 0.4× to 0.3×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Noodles & Company NDLS Current ratio

Current ratio at other companies

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0.9×-0.6×

Shake ShackSHAK

1.7×-0.2×

El Pollo LocoLOCO

0.3×0.0×

Portillo's Inc.PTLO

0.3×0.0×

SweetgreenSG

1.6×-0.4×

Papa John's InternationalPZZA

0.8×0.0×

Other financials

Income statement

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Revenue$123.8M0.0%

Operating income-$812.0K+87.3%

Net income-$3.4M+62.3%

EPS (diluted)-$0.58+63.3%

Balance sheet

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Cash & equivalents$1.4M+3.4%

Total debt$253.7M-12.6%

Total equity-$48.0M-246%

Total assets$246.3M-22.9%

Cash flow

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Operating cash flow$6.0M+49.2%

CapEx$2.1M-28.8%

Free cash flow$3.9M+253%

Valuation

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Market cap$88.09M+168%

Enterprise value$340.32M+7.9%

P/S0.2×+0.1×

Profitability

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Gross margin74.7%—

Operating margin-5.3%-0.6pp

Net margin-7.5%-0.4pp

FCF margin-3.7%—

Returns & leverage

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Return on equity-180.2%—

Debt / equity77.5×+68.6×

Where this comes from

Calculated from Noodles & Company’s reported figures.

total current assets/total current liabilities=0.3×

Based on the most recent quarter.

The official record: Noodles & Company’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Noodles & Company's current ratio?: Noodles & Company (NDLS) reported current ratio of 0.3× in Q1 2026.
How has Noodles & Company's current ratio changed year-over-year?: Noodles & Company's current ratio decreased by 4.1% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Noodles & Company's current ratio?: Over 5 years (2020 to 2025), Noodles & Company's current ratio has grown at a -5.6% compound annual growth rate (CAGR), from 0.4× to 0.3×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.