Noodles (NDLS) Debt to Equity (2013 - 2026)
Noodles (NDLS) reported Debt to Equity of -$2.2 for Q1 2026, up 69.63% on a YoY basis from -$1.3 in Q1 2025, and up 8.46% quarter-over-quarter from -$2.4 in Q4 2025.
Noodles (NDLS) Debt to Equity (2013 - 2026) Analysis & Trends
Noodles has reported Debt to Equity for 14 years, with the latest figure at -$2.2 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 69.63% year-over-year to -$2.2; the trailing twelve-month figure through Mar 2026 stood at -$2.2 (up 69.63% YoY), and the FY2025 full-year result was -$2.4, up 86.7% from the prior year.
- Debt to Equity for Q1 2026 stood at -$2.2, up from -$2.4 in the prior quarter.
- The five-year high for Debt to Equity was $23.66 in Q4 2024, with the low at -$18.06 in Q4 2024.
- Historically, Debt to Equity has averaged $0.72 across 5 years, with a median of $1.06 in 2022.
- The largest YoY upside for Debt to Equity was 1101.12% in 2024 against a maximum downside of 711.38% in 2024.
- Noodles' Debt to Equity stood at $0.99 in 2022, then soared by 98.26% to $1.97 in 2023, then tumbled by 1016.83% to -$18.06 in 2024, then jumped by 86.7% to -$2.4 in 2025, then rose by 8.46% to -$2.2 in 2026.
- The last three Debt to Equity figures came in at -$2.2 (Q1 2026), -$2.4 (Q4 2025), and -$2.78 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | -1.78 |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | - |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | -1.64 |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 2.51 |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 0.14 |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 0.00 |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 0.03 |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | -1.25 |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | - |
| 10 | Noodles | 83.06 Mn | 81.61 Mn | 98.07 Mn | -2.20 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.20 |
| Dec 30, 2025 | -2.40 |
| Sep 30, 2025 | -2.78 |
| Jul 1, 2025 | -3.46 |
| Apr 1, 2025 | -7.24 |
| Dec 31, 2024 | -18.06 |
| Oct 1, 2024 | 23.66 |
| Jul 2, 2024 | 8.79 |
| Apr 2, 2024 | 3.71 |
| Jan 2, 2024 | 2.95 |
| Oct 3, 2023 | 1.97 |
| Jul 4, 2023 | 1.75 |
| Apr 4, 2023 | 1.43 |
| Jan 3, 2023 | 1.20 |
| Sep 27, 2022 | 0.99 |
| Jun 28, 2022 | 0.89 |
| Mar 29, 2022 | 1.06 |
| Dec 28, 2021 | 0.56 |
| Sep 28, 2021 | 0.54 |
| Jun 29, 2021 | 1.05 |