Chipotle Mexican Grill Inc (CMG)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,044,360 | 6,927,500 | 6,652,960 | 5,982,900 | 5,104,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,044,360K
= 0.00
The debt-to-assets ratio of Chipotle Mexican Grill has consistently been at 0.00 or slightly negative over the past five years, indicating that the company has either no debt or a very minimal amount of debt relative to its total assets during this period. This suggests that Chipotle has been effectively financing its operations and growth predominantly through equity or retained earnings rather than borrowing. A low or negative debt-to-assets ratio is typically viewed positively by investors and creditors as it signifies a lower financial risk and greater financial stability for the company. It indicates that Chipotle has a strong financial position and a healthy balance sheet, which may enable it to withstand economic downturns or unexpected challenges more effectively.
Peer comparison
Dec 31, 2023