KPIs & Operating Metrics(New)
Growth Metrics

Noodles (NDLS) Debt to Equity (2016 - 2025)

Noodles' Debt to Equity history spans 13 years, with the latest figure at -$2.4 for Q4 2025.

  • For Q4 2025, Debt to Equity rose 86.7% year-over-year to -$2.4; the TTM value through Dec 2025 reached -$2.4, up 86.7%, while the annual FY2025 figure was -$2.4, 86.7% up from the prior year.
  • Debt to Equity reached -$2.4 in Q4 2025 per NDLS's latest filing, up from -$2.78 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $23.66 in Q4 2024 to a low of -$18.06 in Q4 2024.
  • Average Debt to Equity over 5 years is $0.9, with a median of $1.06 recorded in 2021.
  • The largest YoY upside for Debt to Equity was 1101.12% in 2024 against a maximum downside of 711.38% in 2024.
  • A 5-year view of Debt to Equity shows it stood at $0.56 in 2021, then surged by 78.35% to $0.99 in 2022, then surged by 98.26% to $1.97 in 2023, then plummeted by 1016.83% to -$18.06 in 2024, then soared by 86.7% to -$2.4 in 2025.
  • Per Business Quant, the three most recent readings for NDLS's Debt to Equity are -$2.4 (Q4 2025), -$2.78 (Q3 2025), and -$3.46 (Q3 2025).