Noodles Free Cash Flow vs Capital Expenditures Analysis

NDLS Stock

USD 0.61 0.06 8.96%

Noodles financial indicator trend analysis is infinitely more than just investigating Noodles Company recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Noodles Company is a good investment. Please check the relationship between Noodles Free Cash Flow and its Capital Expenditures accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noodles Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noodles Company Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Noodles' Free Cash Flow and Capital Expenditures is -0.54. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Noodles Company, assuming nothing else is changed. The correlation between historical values of Noodles' Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Noodles Company are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Noodles' Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Noodles Company to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Noodles operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Noodles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Noodles Company current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noodles Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Noodles' Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 523.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 44.7 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	2.1M	2.4M	4.8M	3.4M
Depreciation And Amortization	22.3M	23.3M	26.8M	24.4M

Interest Expense Depreciation And Amortization

Noodles fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.82	0.8	0.8	0.85	-0.17	0.08	0.81	0.3	0.8	-0.91	0.41	0.62	0.82	0.25	0.24	-0.35	0.62	-0.29	0.96	0.8	0.55	0.74	0.6	0.83	0.65
Total Assets	0.82		0.9	0.6	0.89	0.02	0.12	1.0	0.26	0.89	-0.73	0.55	0.61	1.0	0.18	0.29	-0.32	0.61	0.09	0.8	0.9	0.64	0.76	0.3	0.91	0.71
Short Long Term Debt Total	0.8	0.9		0.75	0.88	-0.38	0.11	0.9	0.09	1.0	-0.78	0.42	0.55	0.91	0.32	0.35	-0.05	0.55	0.06	0.74	0.99	0.39	0.78	0.07	0.99	0.66
Other Current Liab	0.8	0.6	0.75		0.73	-0.54	0.02	0.58	0.07	0.76	-0.8	0.17	0.51	0.6	0.42	0.22	-0.1	0.51	-0.3	0.7	0.76	0.23	0.71	0.24	0.77	0.48
Total Current Liabilities	0.85	0.89	0.88	0.73		-0.24	0.04	0.88	0.41	0.86	-0.87	0.61	0.45	0.88	0.24	0.19	-0.22	0.45	-0.01	0.86	0.87	0.66	0.85	0.34	0.91	0.74
Total Stockholder Equity	-0.17	0.02	-0.38	-0.54	-0.24		-0.02	0.04	0.07	-0.4	0.38	0.11	-0.03	0.0	-0.57	-0.16	-0.64	-0.03	0.13	-0.11	-0.41	0.26	-0.21	0.32	-0.39	-0.07
Other Liab	0.08	0.12	0.11	0.02	0.04	-0.02		0.11	0.18	0.09	-0.1	-0.43	0.38	0.12	0.08	0.94	-0.08	0.38	-0.26	0.08	0.14	0.13	-0.1	0.1	0.12	-0.44
Property Plant And Equipment Net	0.81	1.0	0.9	0.58	0.88	0.04	0.11		0.21	0.89	-0.71	0.55	0.58	1.0	0.11	0.3	-0.35	0.58	0.11	0.79	0.89	0.61	0.77	0.28	0.9	0.72
Current Deferred Revenue	0.3	0.26	0.09	0.07	0.41	0.07	0.18	0.21		0.03	-0.45	0.32	0.36	0.23	0.16	0.01	0.0	0.36	-0.31	0.46	0.16	0.84	0.07	0.61	0.21	0.13
Net Debt	0.8	0.89	1.0	0.76	0.86	-0.4	0.09	0.89	0.03		-0.76	0.41	0.53	0.9	0.33	0.35	-0.05	0.53	0.07	0.73	0.99	0.34	0.78	0.05	0.98	0.66
Retained Earnings	-0.91	-0.73	-0.78	-0.8	-0.87	0.38	-0.1	-0.71	-0.45	-0.76		-0.36	-0.56	-0.73	-0.28	-0.25	0.18	-0.56	0.33	-0.92	-0.79	-0.59	-0.73	-0.52	-0.82	-0.66
Accounts Payable	0.41	0.55	0.42	0.17	0.61	0.11	-0.43	0.55	0.32	0.41	-0.36		-0.17	0.55	0.11	-0.38	-0.02	-0.17	0.46	0.48	0.42	0.57	0.6	0.18	0.46	0.77
Cash	0.62	0.61	0.55	0.51	0.45	-0.03	0.38	0.58	0.36	0.53	-0.56	-0.17		0.59	0.2	0.46	-0.28	1.0	-0.53	0.58	0.58	0.44	0.2	0.42	0.57	0.09
Non Current Assets Total	0.82	1.0	0.91	0.6	0.88	0.0	0.12	1.0	0.23	0.9	-0.73	0.55	0.59		0.18	0.3	-0.31	0.59	0.1	0.79	0.9	0.62	0.78	0.28	0.92	0.71
Non Currrent Assets Other	0.25	0.18	0.32	0.42	0.24	-0.57	0.08	0.11	0.16	0.33	-0.28	0.11	0.2	0.18		0.14	0.5	0.2	-0.13	0.15	0.42	0.1	0.17	0.04	0.4	0.06
Other Assets	0.24	0.29	0.35	0.22	0.19	-0.16	0.94	0.3	0.01	0.35	-0.25	-0.38	0.46	0.3	0.14		-0.11	0.46	-0.24	0.19	0.37	0.05	0.14	0.01	0.34	-0.24
Long Term Debt	-0.35	-0.32	-0.05	-0.1	-0.22	-0.64	-0.08	-0.35	0.0	-0.05	0.18	-0.02	-0.28	-0.31	0.5	-0.11		-0.28	0.3	-0.33	0.02	-0.24	-0.33	-0.5	-0.03	-0.22
Cash And Short Term Investments	0.62	0.61	0.55	0.51	0.45	-0.03	0.38	0.58	0.36	0.53	-0.56	-0.17	1.0	0.59	0.2	0.46	-0.28		-0.53	0.58	0.58	0.44	0.2	0.42	0.57	0.09
Net Receivables	-0.29	0.09	0.06	-0.3	-0.01	0.13	-0.26	0.11	-0.31	0.07	0.33	0.46	-0.53	0.1	-0.13	-0.24	0.3	-0.53		-0.28	0.04	0.0	0.01	-0.52	0.03	0.21
Common Stock Total Equity	0.96	0.8	0.74	0.7	0.86	-0.11	0.08	0.79	0.46	0.73	-0.92	0.48	0.58	0.79	0.15	0.19	-0.33	0.58	-0.28		0.74	0.66	0.68	0.67	0.78	0.64
Non Current Liabilities Total	0.8	0.9	0.99	0.76	0.87	-0.41	0.14	0.89	0.16	0.99	-0.79	0.42	0.58	0.9	0.42	0.37	0.02	0.58	0.04	0.74		0.43	0.74	0.1	1.0	0.63
Inventory	0.55	0.64	0.39	0.23	0.66	0.26	0.13	0.61	0.84	0.34	-0.59	0.57	0.44	0.62	0.1	0.05	-0.24	0.44	0.0	0.66	0.43		0.35	0.63	0.48	0.45
Other Current Assets	0.74	0.76	0.78	0.71	0.85	-0.21	-0.1	0.77	0.07	0.78	-0.73	0.6	0.2	0.78	0.17	0.14	-0.33	0.2	0.01	0.68	0.74	0.35		0.16	0.78	0.84
Other Stockholder Equity	0.6	0.3	0.07	0.24	0.34	0.32	0.1	0.28	0.61	0.05	-0.52	0.18	0.42	0.28	0.04	0.01	-0.5	0.42	-0.52	0.67	0.1	0.63	0.16		0.15	0.21
Total Liab	0.83	0.91	0.99	0.77	0.91	-0.39	0.12	0.9	0.21	0.98	-0.82	0.46	0.57	0.92	0.4	0.34	-0.03	0.57	0.03	0.78	1.0	0.48	0.78	0.15		0.66
Property Plant And Equipment Gross	0.65	0.71	0.66	0.48	0.74	-0.07	-0.44	0.72	0.13	0.66	-0.66	0.77	0.09	0.71	0.06	-0.24	-0.22	0.09	0.21	0.64	0.63	0.45	0.84	0.21	0.66

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Noodles Account Relationship Matchups

Noodles fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	45.0M	44.3M	46.1M	45.9M	45.9M	39.1M
Total Assets	378.5M	353.6M	341.5M	343.8M	368.1M	277.9M
Short Long Term Debt Total	289.5M	280.4M	249.8M	264.2M	300.4M	162.6M
Other Current Liab	21.7M	19.7M	27.2M	18.0M	18.4M	14.9M
Total Current Liabilities	58.0M	58.1M	76.6M	64.1M	67.5M	48.9M
Total Stockholder Equity	50.6M	29.7M	37.6M	38.4M	27.2M	41.7M
Other Liab	4.1M	224.9M	3.4M	4.5M	5.1M	4.9M
Property Plant And Equipment Net	338.6M	318.5M	307.7M	312.8M	336.0M	245.0M
Current Deferred Revenue	3.0M	3.0M	2.9M	2.4M	3.1M	3.2M
Net Debt	279.1M	272.6M	247.5M	262.6M	297.4M	152.7M
Retained Earnings	(115.5M)	(138.7M)	(135.1M)	(138.4M)	(148.2M)	(140.8M)
Accounts Payable	9.4M	6.4M	15.5M	15.3M	16.7M	12.1M
Cash	10.5M	7.8M	2.3M	1.5M	3.0M	3.5M
Non Current Assets Total	349.2M	329.9M	318.9M	322.2M	345.5M	253.6M
Non Currrent Assets Other	2.6M	3.5M	3.4M	1.7M	1.7M	1.1M
Other Assets	2.6M	175.4M	3.4M	1.7M	1.9M	1.8M
Long Term Debt	40.5M	40.9M	18.9M	46.1M	80.2M	42.2M
Cash And Short Term Investments	10.5M	7.8M	2.3M	1.5M	3.0M	3.5M
Net Receivables	3.6M	3.5M	4.1M	6.6M	5.5M	3.7M
Common Stock Total Equity	466K	468K	481K	485K	557.8K	408.9K
Liabilities And Stockholders Equity	378.5M	353.6M	341.5M	343.8M	368.1M	277.9M
Non Current Liabilities Total	269.9M	265.8M	227.2M	241.4M	273.4M	171.7M
Inventory	9.9M	9.6M	9.4M	10.0M	10.3M	10.0M
Other Current Assets	1.8M	2.8M	6.8M	3.5M	3.9M	4.1M
Other Stockholder Equity	165.6M	168.0M	172.2M	176.3M	174.9M	174.9M
Total Liab	327.9M	323.9M	303.8M	305.5M	340.9M	220.5M
Property Plant And Equipment Gross	338.6M	122.9M	533.2M	555.2M	599.2M	629.2M
Total Current Assets	29.3M	23.7M	22.6M	21.6M	22.6M	24.3M
Short Term Debt	24.0M	29.0M	30.6M	30.8M	32.4M	19.1M
Common Stock	466K	468K	481K	485K	474K	417.6K
Property Plant Equipment	128.9M	318.5M	307.7M	312.8M	359.7M	215.4M
Net Tangible Assets	42.5M	21.8M	29.8M	30.6M	27.5M	44.6M
Retained Earnings Total Equity	(115.5M)	(138.7M)	(135.1M)	(138.4M)	(124.5M)	(118.3M)
Long Term Debt Total	40.5M	40.9M	18.9M	46.1M	53.0M	47.8M
Capital Surpluse	200.6M	203.0M	207.2M	211.3M	243.0M	184.2M
Deferred Long Term Liab	200K	240K	269K	229K	206.1K	195.8K
Non Current Liabilities Other	229.2M	224.6M	208.0M	195.1M	6.7M	6.3M

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