Chipotle Mexican Grill Inc (CMG)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,062,210 | 2,368,020 | 2,297,370 | 2,020,140 | 1,683,030 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,062,210K)
= 0.00
The debt-to-capital ratio for Chipotle Mexican Grill over the past five years has consistently been at 0.00 or slightly below 0.00, indicating that the company has not relied on debt financing significantly to fund its operations and investments during this period. This suggests a strong capital structure with a lower reliance on debt, which can be perceived positively by investors and lenders as it lowers the financial risk associated with high levels of debt. It also indicates that the company may have a healthy cash position or profitability that allows it to finance its activities without taking on substantial debt. Overall, a consistently low or negative debt-to-capital ratio demonstrates a conservative approach to financing, which may support the company's financial stability and growth prospects.
Peer comparison
Dec 31, 2023