Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

$24.99

Common-Size Balance Sheet: Assets

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Chipotle Mexican Grill Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents
Accounts receivable, net
Inventory
Prepaid expenses
Other current assets
Prepaid expenses and other current assets
Income tax receivable
Current investments
Current assets
Leasehold improvements, property and equipment, net
Long-term investments
Restricted cash
Operating lease assets
Other assets
Goodwill
Long-term assets
Total assets

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Cash and Cash Equivalents
There was an initial increase from 10.16% in 2020 to 12.26% in 2021, followed by a sharp decline to 5.54% in 2022. Subsequently, the proportion recovered moderately to 6.97% in 2023 and further to 8.13% by 2024, indicating a fluctuating but recovering liquidity position relative to total assets.
Accounts Receivable, Net
The percentage of total assets accounted for by accounts receivable remained relatively stable across the analyzed years, with a slight decline from 1.75% in 2020 to 1.5% in 2021, then minor fluctuations around 1.5% through 2024, suggesting consistent credit management practices.
Inventory
This component saw a gradual increase over time, moving from 0.44% in 2020 to 0.53% in 2024. The trend implies a modest buildup or slightly greater proportion of inventory relative to total assets.
Prepaid Expenses and Other Current Assets
The category of prepaid expenses showed data only from 2022 onwards, increasing from 1% to 1.21% by 2023, then decreasing to 0.87% in 2024. When combined with other current assets, the total rose from 0.92% in 2020 up to 1.46% in 2023 before declining to 1.06% in 2024, indicating some variability and possible management of short-term asset allocation.
Income Tax Receivable
This item declined sharply from 4.73% in 2020 to 1.41% in 2021 and continued to decrease gradually, stabilizing around 0.7% from 2022 to 2024. The decreasing trend may reflect changes in tax positioning or timing of tax refunds.
Current Investments
Current investments as a share of total assets showed variability: a decline from 5.74% in 2020 to 3.92% in 2021, then a peak increase to 9.13% in 2023, followed by a reduction to 7.33% in 2024. This pattern indicates an active and possibly opportunistic investment strategy with short-term assets.
Current Assets
The proportion of current assets to total assets decreased from 23.74% in 2020 to 16.97% in 2022, then increased again to 20.15% in 2023, before a slight decline to 19.35% in 2024. This suggests a relative fluctuation in liquidity or working capital elements over the years.
Leasehold Improvements, Property and Equipment, Net
This asset category represented a stable but slightly declining proportion of total assets, peaking at 28.17% in 2022 and decreasing to 25.97% by 2024, indicating moderate changes in fixed asset holdings or depreciation effects.
Long-term Investments
A clear upward trend is observed, with long-term investments growing steadily from 1.71% in 2020 to 9.43% by 2024, reflecting increasing allocation toward long-term investment opportunities or strategic financial positioning.
Restricted Cash
This category remained relatively stable and low throughout the period, declining slightly from 0.47% in 2020 to 0.32% by 2023 and remaining there in 2024, indicating minimal changes in restricted liquidity.
Operating Lease Assets
Operating lease assets held a dominant share of total assets, with values around 46% in 2020 and 2021, peaking at 47.67% in 2022, then decreasing steadily to 43.46% by 2024. This shows a slight decrease in lease-related assets relative to the company's total asset base.
Other Assets
Other assets stayed generally below 1% until a rise to 1.24% in 2024, after a period of relative stability, indicating a small but notable increase in miscellaneous or non-classified asset categories.
Goodwill
Goodwill continuously declined from 0.37% in 2020 to 0.24% in 2024, suggesting asset write-downs or impairments, or a change in acquisition strategy over time.
Long-term Assets
Long-term assets as a percentage of total assets increased steadily from 76.26% in 2020 to a peak of 83.03% in 2022, then declined somewhat to 80.65% by 2024, reflecting an overall emphasis on long-term investment but with some recent reduction in proportion.
Total Assets
The total assets represent 100% consistently, confirming that the proportions discussed are relative changes within the company's asset structure.