Chipotle Mexican Grill Inc (CMG)

Interest coverage

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,916,333	1,864,048	1,785,742	1,631,499	1,557,813	1,490,697	1,432,000	1,337,788	1,160,403	1,022,368	925,795	833,722	804,943	763,533	630,949	380,485	290,164	271,434	279,959	404,918
Interest expense (ttm)	US$ in thousands	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest coverage		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,916,333K ÷ $0K
= —

The data provided for Chipotle Mexican Grill Inc shows that the interest coverage ratio is not available for the periods between March 31, 2020, and December 31, 2024. This could indicate various possibilities such as the company either not having any interest expenses during these periods or not having sufficient earnings to cover its interest payments.

The interest coverage ratio is a measure of a company's ability to meet its interest obligations with its earnings. A higher interest coverage ratio generally indicates that the company is more capable of servicing its debt, as it has more earnings available to cover interest expenses.

Without the specific figures for Chipotle's interest coverage ratio, it is challenging to assess their financial leverage and risk related to debt repayment. It is recommended to monitor this ratio in the future to evaluate the company's financial health and its ability to manage its debt obligations effectively.