Chipotle Mexican Grill Inc (CMG)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.52 | 2.63 | 2.93 | 2.90 | 2.96 |
Based on the provided data, it is evident that Chipotle Mexican Grill Inc has consistently maintained a strong solvency position over the years, as indicated by its low debt ratios.
- The Debt-to-assets ratio, which measures the proportion of a company's assets financed by debt, has remained stable at 0.00% from 2020 to 2024. This indicates that the company has not relied on debt to finance its assets, suggesting a healthy financial structure.
- Similarly, the Debt-to-capital ratio, which reflects the proportion of a company's capital that is financed through debt, has also been consistently 0.00% throughout the period. This implies that Chipotle has predominantly used equity to fund its operations and growth, rather than taking on debt.
- The Debt-to-equity ratio, a measure of financial leverage, has also remained at 0.00% from 2020 to 2024, further highlighting the company's low reliance on debt for its capital structure.
- The Financial leverage ratio, which compares a company's total assets to its equity, shows a declining trend from 2.96 in 2020 to 2.52 in 2024. A decreasing financial leverage ratio is generally considered positive as it indicates a lower amount of debt relative to equity, reducing the financial risk for the company.
In summary, the consistent low levels of debt across all solvency ratios indicate that Chipotle Mexican Grill Inc has maintained a strong solvency position and has effectively managed its debt levels to support sustainable growth and financial stability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — |
Based on the provided data, Chipotle Mexican Grill Inc's interest coverage ratios for the years ending on December 31, 2020 through 2024 are not available. The absence of specific interest coverage figures indicates that the company's ability to meet its interest obligations with its operating income cannot be calculated with the information provided.
As interest coverage is a key financial metric used to assess a company's ability to pay its interest expenses from its earnings, the lack of data for this ratio for multiple consecutive years may raise concerns among investors and creditors about Chipotle's financial health and stability. It is important for the company to provide transparent and consistent financial information, including interest coverage ratios, to enable stakeholders to make informed decisions regarding its creditworthiness and overall financial performance.