Noodles Company Stock Current Ratio

NDLS Stock

USD 0.69 0.06 8.00%

Noodles Company fundamentals help investors to digest information that contributes to Noodles' financial success or failures. It also enables traders to predict the movement of Noodles Stock. The fundamental analysis module provides a way to measure Noodles' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Noodles stock.

		Last Reported	Projected for Next Year
	Current Ratio	0.34	0.51

Current Ratio is likely to gain to 0.51 in 2024.

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Noodles Company Company Current Ratio Analysis

Noodles' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Noodles Current Ratio

0.29 X

Most of Noodles' fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Noodles Company is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Noodles Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Noodles is extremely important. It helps to project a fair market value of Noodles Stock properly, considering its historical fundamentals such as Current Ratio. Since Noodles' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Noodles' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Noodles' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Net Tangible Assets	Good Will	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Treasury Stock	Intangible Assets	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.02	0.26	0.89	-0.73	0.55	-0.32	0.09	0.91	0.68	0.87	0.78	0.78	-0.66	0.77	0.36	0.79	-0.81	-0.64	0.16	-0.5	-0.38	-0.74	0.38
Total Stockholder Equity	0.02		0.07	-0.4	0.38	0.11	-0.64	0.13	-0.39	0.29	-0.09	-0.08	0.02	0.33	0.11	0.01	-0.25	0.29	0.18	0.42	0.11	0.11	0.21	-0.12
Current Deferred Revenue	0.26	0.07		0.03	-0.45	0.32	0.0	-0.31	0.21	0.75	0.45	0.48	0.19	-0.71	0.72	0.87	0.33	0.13	-0.76	0.79	0.37	-0.01	-0.02	0.09
Net Debt	0.89	-0.4	0.03		-0.76	0.41	-0.05	0.07	0.98	0.37	0.78	0.7	0.7	-0.62	0.54	0.16	0.8	-0.91	-0.54	-0.19	-0.59	-0.37	-0.77	0.36
Retained Earnings	-0.73	0.38	-0.45	-0.76		-0.36	0.18	0.33	-0.82	-0.53	-0.76	-0.93	-0.61	0.9	-0.73	-0.42	-0.94	0.74	0.81	-0.08	0.53	0.41	0.65	-0.53
Accounts Payable	0.55	0.11	0.32	0.41	-0.36		-0.02	0.46	0.46	0.39	0.59	0.42	0.66	-0.4	0.58	0.43	0.44	-0.33	-0.48	0.28	-0.01	-0.12	-0.63	0.39
Long Term Debt	-0.32	-0.64	0.0	-0.05	0.18	-0.02		0.3	-0.03	-0.3	-0.26	-0.41	-0.24	0.07	-0.23	0.19	-0.24	0.27	0.09	-0.09	0.42	0.48	0.24	-0.22
Net Receivables	0.09	0.13	-0.31	0.07	0.33	0.46	0.3		0.03	-0.12	0.09	-0.35	0.28	0.24	-0.11	0.06	-0.26	0.04	0.22	-0.08	0.25	0.22	-0.15	-0.03
Total Liab	0.91	-0.39	0.21	0.98	-0.82	0.46	-0.03	0.03		0.5	0.84	0.75	0.71	-0.74	0.67	0.32	0.83	-0.85	-0.66	-0.03	-0.5	-0.38	-0.76	0.37
Total Current Assets	0.68	0.29	0.75	0.37	-0.53	0.39	-0.3	-0.12	0.5		0.6	0.64	0.35	-0.68	0.86	0.75	0.49	-0.25	-0.79	0.7	-0.01	-0.17	-0.22	0.21
Short Term Debt	0.87	-0.09	0.45	0.78	-0.76	0.59	-0.26	0.09	0.84	0.6		0.76	0.8	-0.8	0.74	0.49	0.73	-0.67	-0.7	0.19	-0.22	-0.39	-0.75	0.36
Common Stock	0.78	-0.08	0.48	0.7	-0.93	0.42	-0.41	-0.35	0.75	0.64	0.76		0.64	-0.84	0.81	0.41	0.95	-0.67	-0.81	0.22	-0.55	-0.35	-0.56	0.38
Property Plant Equipment	0.78	0.02	0.19	0.7	-0.61	0.66	-0.24	0.28	0.71	0.35	0.8	0.64		-0.55	0.63	0.29	0.68	-0.64	-0.48	0.08	-0.38	-0.37	-0.77	0.38
Net Tangible Assets	-0.66	0.33	-0.71	-0.62	0.9	-0.4	0.07	0.24	-0.74	-0.68	-0.8	-0.84	-0.55		-0.81	-0.71	-0.79	0.48	0.94	-0.35	0.14	0.31	0.48	-0.34
Good Will	0.77	0.11	0.72	0.54	-0.73	0.58	-0.23	-0.11	0.67	0.86	0.74	0.81	0.63	-0.81		0.75	0.73	-0.39	-0.86	0.67	-0.17	-0.24	-0.45	0.33
Long Term Debt Total	0.36	0.01	0.87	0.16	-0.42	0.43	0.19	0.06	0.32	0.75	0.49	0.41	0.29	-0.71	0.75		0.31	0.06	-0.79	0.76	0.41	0.1	-0.06	0.13
Capital Surpluse	0.79	-0.25	0.33	0.8	-0.94	0.44	-0.24	-0.26	0.83	0.49	0.73	0.95	0.68	-0.79	0.73	0.31		-0.77	-0.72	0.03	-0.66	-0.27	-0.64	0.41
Deferred Long Term Liab	-0.81	0.29	0.13	-0.91	0.74	-0.33	0.27	0.04	-0.85	-0.25	-0.67	-0.67	-0.64	0.48	-0.39	0.06	-0.77		0.4	0.38	0.77	0.53	0.85	-0.6
Treasury Stock	-0.64	0.18	-0.76	-0.54	0.81	-0.48	0.09	0.22	-0.66	-0.79	-0.7	-0.81	-0.48	0.94	-0.86	-0.79	-0.72	0.4		-0.5	0.07	0.3	0.4	-0.33
Intangible Assets	0.16	0.42	0.79	-0.19	-0.08	0.28	-0.09	-0.08	-0.03	0.7	0.19	0.22	0.08	-0.35	0.67	0.76	0.03	0.38	-0.5		0.45	0.06	0.19	-0.07
Short Long Term Debt	-0.5	0.11	0.37	-0.59	0.53	-0.01	0.42	0.25	-0.5	-0.01	-0.22	-0.55	-0.38	0.14	-0.17	0.41	-0.66	0.77	0.07	0.45		0.34	0.5	-0.42
Net Invested Capital	-0.38	0.11	-0.01	-0.37	0.41	-0.12	0.48	0.22	-0.38	-0.17	-0.39	-0.35	-0.37	0.31	-0.24	0.1	-0.27	0.53	0.3	0.06	0.34		0.64	-0.59
Net Working Capital	-0.74	0.21	-0.02	-0.77	0.65	-0.63	0.24	-0.15	-0.76	-0.22	-0.75	-0.56	-0.77	0.48	-0.45	-0.06	-0.64	0.85	0.4	0.19	0.5	0.64		-0.72
Capital Stock	0.38	-0.12	0.09	0.36	-0.53	0.39	-0.22	-0.03	0.37	0.21	0.36	0.38	0.38	-0.34	0.33	0.13	0.41	-0.6	-0.33	-0.07	-0.42	-0.59	-0.72

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Noodles Current Ratio Historical Pattern

Today, most investors in Noodles Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Noodles' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Noodles current ratio as a starting point in their analysis.

Noodles Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

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Predict Noodles

Current Ratio Over Time

Noodles Price To Sales Ratio

Price To Sales Ratio

0.28

At this time, Noodles' Price To Sales Ratio is comparatively stable compared to the past year.

In accordance with the recently published financial statements, Noodles Company has a Current Ratio of 0.29 times. This is 87.22% lower than that of the Hotels, Restaurants & Leisure sector and 72.64% lower than that of the Consumer Discretionary industry. The current ratio for all United States stocks is 86.57% higher than that of the company.

Noodles Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Noodles' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Noodles could also be used in its relative valuation, which is a method of valuing Noodles by comparing valuation metrics of similar companies.

Noodles is currently under evaluation in current ratio category among its peers.

Noodles Fundamentals

	Return On Equity	-1.8
	Return On Asset	-0.0063
	Profit Margin	(0.07) %
	Operating Margin	(0.02) %
	Current Valuation	319.92 M
	Shares Outstanding	45.68 M
	Shares Owned By Insiders	10.81 %
	Shares Owned By Institutions	64.60 %
	Number Of Shares Shorted	499.08 K
	Price To Earning	57.98 X
	Price To Book	9.20 X
	Price To Sales	0.07 X
	Revenue	503.4 M
	Gross Profit	80.17 M
	EBITDA	21.76 M
	Net Income	(9.86 M)
	Cash And Equivalents	1.79 M
	Cash Per Share	0.04 X
	Total Debt	300.41 M
	Debt To Equity	7.43 %
	Current Ratio	0.29 X
	Book Value Per Share	0.08 X
	Cash Flow From Operations	27.5 M
	Short Ratio	3.40 X
	Earnings Per Share	(0.71) X
	Price To Earnings To Growth	(28.21) X
	Target Price	3.0
	Number Of Employees	7 K
	Beta	1.73
	Market Capitalization	34.36 M
	Total Asset	368.1 M
	Retained Earnings	(148.24 M)
	Working Capital	(44.89 M)
	Current Asset	25.4 M
	Current Liabilities	32.91 M
	Net Asset	368.1 M

About Noodles Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Noodles Company's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Noodles using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Noodles Company based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When running Noodles' price analysis, check to measure Noodles' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Noodles is operating at the current time. Most of Noodles' value examination focuses on studying past and present price action to predict the probability of Noodles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noodles' price. Additionally, you may evaluate how the addition of Noodles to your portfolios can decrease your overall portfolio volatility.

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