Noodles (NDLS) Debt Ratio (2013 - 2026)
Noodles' Debt Ratio was 0.44 in Q2 2026, up 22.6% from 0.36 a year earlier and up 3.3% from the prior quarter.
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Analysis
Noodles (NDLS) Debt Ratio (2013 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Noodles came in at 0.42, up 34.0% from FY2024.
- In earlier years, Debt Ratio was 0.31 in FY2024 (+42.4%), 0.22 in FY2023 and 0.06 in FY2021 (-48.4%).
- The Q2 2026 figure marks the highest quarterly Debt Ratio since Q4 2012.
- Compared with a year earlier, Debt Ratio has increased for seven straight quarters, with growth averaging 38.7% over the last seven quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q3 2025 (growth of 48.6%); the worst was Q4 2021 (a decline of 48.4%).
- Per Business Quant data, NDLS's Debt Ratio in the three quarters before Q2 2026 was 0.43 (Q1 2026), 0.42 (Q4 2025) and 0.39 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 165.62 Bn | 160.44 Bn | 6.42 Bn | 0.67 |
| 2 | Starbucks | 108.79 Bn | 96.42 Bn | - | 0.47 |
| 3 | Chipotle Mexican Grill | 40.35 Bn | 36.33 Bn | - | - |
| 4 | Yum Brands | 37.59 Bn | 34.48 Bn | 1.47 Bn | 1.41 |
| 5 | Restaurant Brands International | 24.96 Bn | 22.07 Bn | 1.38 Bn | 0.53 |
| 6 | Darden Restaurants | 22.28 Bn | 21.39 Bn | -113.70 Mn | 0.05 |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 0.53 |
| 8 | Yum China Holdings | 14.08 Bn | 8.44 Bn | 537.00 Mn | 0.01 |
| 9 | Texas Roadhouse | 10.31 Bn | 9.67 Bn | - | 0.01 |
| 10 | Noodles | 82.34 Mn | 73.64 Mn | 90.30 Mn | 0.44 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.44 |
| Mar 31, 2026 | 0.43 |
| Dec 30, 2025 | 0.42 |
| Sep 30, 2025 | 0.39 |
| Jul 1, 2025 | 0.36 |
| Apr 1, 2025 | 0.31 |
| Dec 31, 2024 | 0.31 |
| Oct 1, 2024 | 0.26 |
| Jul 2, 2024 | 0.24 |
| Apr 2, 2024 | 0.23 |
| Jan 2, 2024 | 0.22 |
| Oct 3, 2023 | 0.17 |
| Jul 4, 2023 | 0.18 |
| Apr 4, 2023 | 0.15 |
| Jan 3, 2023 | 0.13 |
| Sep 27, 2022 | 0.11 |
| Jun 28, 2022 | 0.09 |
| Mar 29, 2022 | 0.10 |
| Dec 28, 2021 | 0.06 |
| Sep 28, 2021 | 0.06 |
API Access
Noodles Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NDLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NDLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NDLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();