Chipotle Mexican Grill Inc (CMG)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 2.63 | 2.74 | 2.73 | 2.84 | 2.93 | 2.93 | 3.04 | 3.03 | 2.90 | 2.87 | 2.91 | 2.93 | 2.96 | 3.12 | 3.15 | 3.11 | 3.03 | 3.04 | 3.03 | 3.12 |
Based on the solvency ratios of Chipotle Mexican Grill over the past eight quarters, we can observe the following trends:
1. Debt-to-assets ratio remains consistently at 0.00 for all quarters, indicating that the company has not used debt to finance its assets during this period.
2. Debt-to-capital ratio also stands at 0.00 across all quarters, suggesting that the company has not utilized debt as part of its capital structure during the analyzed period.
3. Similarly, the debt-to-equity ratio remains unchanged at 0.00 for each quarter, implying that Chipotle Mexican Grill has not relied on debt financing relative to equity.
4. The financial leverage ratio, however, exhibits fluctuations over the quarters, ranging from 2.63 to 3.03. This ratio indicates the company's reliance on debt to finance its operations compared to equity. The decreasing trend observed in the financial leverage ratio could suggest a decreasing dependency on debt over time to support its assets and operations.
In summary, Chipotle Mexican Grill has maintained a strong solvency position with no debt recorded in the analyzed period based on the debt ratios, although a slight fluctuation can be noted in the financial leverage ratio.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 174.08 | 93.13 | 72.62 | 44.17 | 53.84 | 60.89 | 70.11 | 239.30 | 147.99 | 204.15 | 149.90 | 113.31 | 243.84 | 456.19 | — | — | — | — | — | — |
As the provided data does not include the interest coverage ratio for Chipotle Mexican Grill for the specified periods, it is not possible to perform a detailed analysis of this financial metric. The interest coverage ratio is a key indicator of a company's ability to meet its interest obligations with its operating income. It is calculated by dividing earnings before interest and taxes (EBIT) by interest expense.
To evaluate the financial health and risk associated with Chipotle's debt obligations, it would be necessary to obtain the relevant financial information such as EBIT and interest expenses from the company's financial statements for the periods in question. An interest coverage ratio above 1 indicates that a company can comfortably cover its interest payments, while a ratio below 1 suggests potential financial distress.
Without access to the actual interest coverage data, a thorough assessment of Chipotle's ability to service its debt obligations and the impact on its financial stability cannot be provided. It is recommended to review the company's official filings or financial reports for a more accurate analysis of its interest coverage ratio over the specified periods.