Chipotle Mexican Grill Inc (CMG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,062,210K
= 0.00
Chipotle Mexican Grill has consistently reported a debt-to-equity ratio of 0.00 for the past five years, indicating that the company has no financial leverage in its capital structure during this period. A debt-to-equity ratio of 0 represents that the company has zero debt relative to its equity, which suggests that Chipotle has been primarily funded by equity rather than debt financing. It is worth noting that the reported negative value of -0.00 for Dec 31, 2019, may be a result of rounding errors or the way the data is presented, as a negative debt-to-equity ratio is not practically meaningful. Overall, the consistent low to zero debt-to-equity ratio indicates that Chipotle Mexican Grill has maintained a conservative approach towards debt and has relied more on equity to finance its operations and growth.
Peer comparison
Dec 31, 2023