Chipotle Mexican Grill (Chipotle Mexican Grill) Debt-to-Equity

: 1.32 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

Chipotle Mexican Grill's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $248 Mil. Chipotle Mexican Grill's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,804 Mil. Chipotle Mexican Grill's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,062 Mil. Chipotle Mexican Grill's debt to equity for the quarter that ended in Dec. 2023 was 1.32.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Chipotle Mexican Grill's Debt-to-Equity or its related term are showing as below:

CMG' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.32 Med: 1.56 Max: 1.69
Current: 1.32

During the past 13 years, the highest Debt-to-Equity Ratio of Chipotle Mexican Grill was 1.69. The lowest was 1.32. And the median was 1.56.

CMG's Debt-to-Equity is ranked worse than
63.91% of 302 companies
in the Restaurants industry
Industry Median: 0.945 vs CMG: 1.32

Chipotle Mexican Grill Debt-to-Equity Historical Data

The historical data trend for Chipotle Mexican Grill's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chipotle Mexican Grill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.69

1.56

1.53

1.58

1.32

Chipotle Mexican Grill Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.58	1.52	1.41	1.39	1.32

Competitive Comparison

For the Restaurants subindustry, Chipotle Mexican Grill's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chipotle Mexican Grill Debt-to-Equity Distribution

For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chipotle Mexican Grill's Debt-to-Equity falls into.

Chipotle Mexican Grill Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chipotle Mexican Grill's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(248.074	+	3803.551)	/	3062.207
	=	1.32

Chipotle Mexican Grill's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(248.074	+	3803.551)	/	3062.207
	=	1.32

Chipotle Mexican Grill (NYSE:CMG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Chipotle Mexican Grill Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Chipotle Mexican Grill's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Chipotle Mexican Grill (Chipotle Mexican Grill) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chipotle Mexican Grill Inc (NYSE:CMG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CMG:Mexico C9F:Germany C1MG34:Brazil

Address

610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660

Website

https://www.chipotle.com

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $8.6 billion in 2022. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,200 stores at the end of 2022, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

Executives

Brian R Niccol	director, officer: Chairman, CEO	1 GLEN BELL WAY, IRVINE CA 92618
Gregg L Engles	director	1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Scott Boatwright	officer: Chief Restaurant Officer	1401 WYNKOOP STREET, SUITE 500, DENVER CO 80202
Robin S Hickenlooper	director	12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Laurie Schalow	officer: Chief Corp Affairs, Food Sft	610 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Curtis E Garner	officer: Chief Technology Officer	C/O AEROHIVE NETWORKS, INC., 330 GIBRALTAR DRIVE, SUNNYVALE CA 94089
Christopher W Brandt	officer: Chief Marketing Officer	2202 NORTH WESTSHORE BLVD, TAMPA FL 33607
Patricia Filikrushel	director	DOLLAR GENERAL CORPORATION, 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Laura Fuentes	director	7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Albert S Baldocchi	director	1601 HIGH STREET, BOULDER CO 80304
Marissa Andrada	officer: Chief D&I and People Officer	C/O KATE SPADE & COMPANY 2 PARK AVENUE, NEW YORK NY 10016
Roger E Theodoredis	officer: Chief Legal Officer & GC	1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Pershing Square Capital Management, L.p.	director	787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Jack Hartung	officer: CFO & Chief Development Ofcr	1543 WAZEE STREET, SUITE 200, DENVER CO 80202
Scott Harlan Maw	director	1411 E. MISSION AVENUE, SPOKANE WA 99202