Chipotle Mexican Grill Inc (CMG)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	1,780,590	1,680,260	1,786,300	1,645,770	1,620,710	1,669,340	1,556,420	1,261,440	1,175,840	1,077,430	1,046,300	1,096,490	1,381,560	1,518,610	1,447,810	1,456,850	1,420,240	1,211,280	1,150,340	1,075,500
Total current liabilities	US$ in thousands	1,168,770	1,037,880	1,043,160	997,353	1,030,620	1,087,710	982,250	894,092	921,880	817,857	831,623	833,738	873,682	850,964	835,486	834,004	822,199	801,717	723,178	665,795
Current ratio		1.52	1.62	1.71	1.65	1.57	1.53	1.58	1.41	1.28	1.32	1.26	1.32	1.58	1.78	1.73	1.75	1.73	1.51	1.59	1.62

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,780,590K ÷ $1,168,770K
= 1.52

The current ratio of Chipotle Mexican Grill Inc has shown some fluctuations over the past few years. It was relatively stable around 1.5 to 1.7 from March 2020 to June 2021, indicating that the company had enough current assets to cover its current liabilities. However, there was a noticeable decrease in the current ratio in the following quarters, reaching a low of 1.26 in June 2022. This could suggest potential liquidity challenges or an increase in short-term obligations that the company needs to meet.

Subsequently, the current ratio improved slightly but remained below the levels seen in the earlier period. It increased to 1.65 by March 2024, which indicates some recovery in the company's liquidity position. Overall, the current ratio trend for Chipotle Mexican Grill Inc reflects both stability and some fluctuations, which may prompt further analysis into the company's current asset management and short-term liability obligations.