Chipotle Mexican Grill Inc (CMG)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	9,204,370	8,044,360	6,927,500	6,652,960	5,982,900
Total stockholders’ equity	US$ in thousands	3,655,550	3,062,210	2,368,020	2,297,370	2,020,140
Financial leverage ratio		2.52	2.63	2.93	2.90	2.96

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,204,370K ÷ $3,655,550K
= 2.52

The financial leverage ratio for Chipotle Mexican Grill Inc has demonstrated a gradual decline from 2.96 as of December 31, 2020, to 2.52 as of December 31, 2024. This downward trend indicates a reduction in the company's reliance on debt financing to fund its operations and investments. A lower financial leverage ratio suggests that the company is utilizing less debt relative to its equity, potentially reducing its overall financial risk. Overall, this trend may signify a more conservative capital structure and enhanced financial stability for Chipotle Mexican Grill Inc.