Chipotle Mexican Grill Inc (CMG)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	3,655,550	3,613,900	3,711,820	3,361,330	3,062,210	2,886,310	2,766,890	2,481,680	2,368,020	2,327,380	2,154,200	2,133,960	2,297,370	2,310,910	2,174,160	2,097,530	2,020,140	1,805,590	1,704,500	1,672,020
Debt-to-equity 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, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,655,550K
= 0.00

The debt-to-equity ratio for Chipotle Mexican Grill Inc over the period indicated remains consistently at 0.00. This indicates that the company has not taken on any long-term debt to finance its operations, which can be seen as a positive sign of financial stability and strength. A debt-to-equity ratio of 0.00 means that the company's total liabilities are equal to its total equity, suggesting that Chipotle's capital structure is primarily equity-financed rather than debt-financed. This may imply a lower financial risk as the company does not rely heavily on borrowing, lessening the potential impact of interest rate fluctuations or debt repayment obligations. Overall, the consistent 0.00 debt-to-equity ratio for Chipotle Mexican Grill Inc suggests a prudent financial management strategy focused on maintaining a healthy balance between debt and equity to support sustainable growth and profitability.