Noodles (NDLS) Debt Ratio (2013 - 2026)

Noodles' (NDLS) quarterly Debt Ratio came in at 0.44 in Q2 2026, up 8.86% YoY from 0.41 in Q2 2025, and up 3.29% on a QoQ basis from 0.43 in Q1 2026.

Noodles (NDLS) Debt Ratio (2013 - 2026) Analysis & Trends

Noodles (NDLS) has 14 years of Debt Ratio data on file, last reported at 0.44 in Q2 2026.

Quarterly Debt Ratio rose 8.86% year-over-year to 0.44 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.44 (up 8.86% YoY) and the FY2025 annual result came in at 0.42, up 33.96% from the prior year.
Debt Ratio advanced to 0.44 in Q2 2026, from 0.43 in the prior quarter.
In the past five years, Debt Ratio ranged from a high of 0.44 in Q2 2026 to a low of 0.09 in Q2 2022.
A 5-year average of 0.26 and a median of 0.26 in 2024 frame the typical range for Debt Ratio.
Annual changes were most pronounced in 2022 — Debt Ratio dropped 11.08% — and 2023, when it surged 118.16%.
Tracing NDLS's Debt Ratio over 5 years: stood at 0.11 in 2022, then surged by 64.9% to 0.17 in 2023, then surged by 78.72% to 0.31 in 2024, then soared by 33.96% to 0.42 in 2025, then increased by 6.53% to 0.44 in 2026.
The last three Debt Ratio figures came in at 0.44 (Q2 2026), 0.43 (Q1 2026), and 0.42 (Q4 2025), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Mcdonalds	193.05 Bn	192.23 Bn	6.42 Bn	0.67
2	Starbucks	122.77 Bn	119.16 Bn	6.49 Bn	0.52
3	Chipotle Mexican Grill	42.40 Bn	41.73 Bn	2.35 Bn	-
4	Yum Brands	40.42 Bn	39.75 Bn	1.47 Bn	1.41
5	Restaurant Brands International	27.11 Bn	27.59 Bn	1.89 Bn	0.53
6	Darden Restaurants	25.70 Bn	25.48 Bn	3.68 Bn	0.18
7	Restaurant Brands International Limited Partnership	17.24 Bn	16.18 Bn	1.89 Bn	0.53
8	Yum China Holdings	16.42 Bn	15.74 Bn	2.22 Bn	0.01
9	Texas Roadhouse	13.58 Bn	13.40 Bn	1.44 Bn	0.01
10	Noodles	106.92 Mn	105.62 Mn	101.67 Mn	0.44

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