Chipotle Mexican Grill Inc (CMG)

Interest coverage

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	1,557,810	1,160,400	804,943	290,164	443,958
Interest expense	US$ in thousands	—	21,128	30,762	57,537	31,861
Interest coverage		—	54.92	26.17	5.04	13.93

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $1,557,810K ÷ $—K
= —

The absence of specific values for Chipotle Mexican Grill's interest coverage in the financial statements for the years ending December 31, 2019 to 2023 indicates that this particular ratio was not disclosed in those periods. Interest coverage is a financial ratio that measures a company's ability to pay interest on its outstanding debt from its operating income. Without the actual figures, it is challenging to assess Chipotle's performance in meeting its interest payment obligations relative to its operating earnings during these years. This lack of information may limit the ability to thoroughly evaluate the company's financial health and its capacity to service its debt obligations.