Noodles Balance Sheet Health
Financial Health criteria checks 0/6
Noodles has a total shareholder equity of $3.7M and total debt of $88.4M, which brings its debt-to-equity ratio to 2365.7%. Its total assets and total liabilities are $340.5M and $336.8M respectively.
Key information
2,365.7%
Debt to equity ratio
US$88.36m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.31m |
| Equity | US$3.74m |
| Total liabilities | US$336.80m |
| Total assets | US$340.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NO3's short term assets ($23.4M) do not cover its short term liabilities ($76.2M).
Long Term Liabilities: NO3's short term assets ($23.4M) do not cover its long term liabilities ($260.6M).
Debt to Equity History and Analysis
Debt Level: NO3's net debt to equity ratio (2277.1%) is considered high.
Reducing Debt: NO3's debt to equity ratio has increased from 84.4% to 2365.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NO3 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NO3 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.4% each year