Chipotle Mexican Grill Inc (CMG)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 8,044,360 | 7,911,490 | 7,552,440 | 7,053,370 | 6,927,500 | 6,817,440 | 6,545,340 | 6,467,260 | 6,652,960 | 6,627,570 | 6,320,450 | 6,149,060 | 5,982,900 | 5,631,640 | 5,370,130 | 5,206,490 | 5,104,600 | 4,937,940 | 4,659,310 | 4,625,480 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Chipotle Mexican Grill has consistently been reported as 0.00 across all quarters in the data provided. This indicates that the company has not used debt as a source of financing to acquire its assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity rather than debt.
While having a low or zero debt-to-assets ratio can be viewed positively as it indicates a lower financial risk due to lower levels of debt, it can also imply missed opportunities for leveraging debt to potentially enhance returns on equity. It is important to consider the overall financial strategy and objectives of the company when evaluating the significance of a consistently low debt-to-assets ratio.
Peer comparison
Dec 31, 2023