Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
Paying user area
Try for free
Chipotle Mexican Grill Inc. pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Chipotle Mexican Grill Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Chipotle Mexican Grill Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The liabilities and stockholders’ equity of the company demonstrate several notable trends over the observed period from March 2021 to December 2025. Total liabilities generally increased throughout the period, with a particularly significant rise between September 2022 and December 2024. Shareholders’ equity experienced fluctuations, with a substantial decrease in the latter part of the period, particularly from March 2024 onwards. A detailed examination of specific liability and equity components reveals further insights.
- Current Liabilities
- Current liabilities exhibited a generally increasing trend from March 2021 to September 2023, peaking at approximately 1,087,707 thousand US dollars. A subsequent decrease is observed through December 2023, followed by another increase in the final two quarters of the observed period, reaching 1,188,142 thousand US dollars. Within current liabilities, accounts payable showed moderate fluctuations, while accrued payroll and benefits demonstrated more volatility, with a significant peak in December 2023. Unearned revenue consistently increased over the period, indicating a growing trend in deferred revenue recognition. Current operating lease liabilities steadily increased throughout the entire period, reflecting a growing commitment to lease obligations. Income tax payable was largely absent until March 2023, then showed significant values in subsequent quarters.
- Long-Term Liabilities
- Long-term liabilities consistently represented a substantial portion of total liabilities. A steady increase is evident from March 2021 to September 2024, peaking at 4,359,888 thousand US dollars. A slight decrease is then observed in the final quarters. Long-term operating lease liabilities constituted the vast majority of long-term liabilities, exhibiting a similar increasing trend. Deferred income tax liabilities remained relatively stable for much of the period, but decreased significantly in the final two quarters. Other liabilities remained relatively consistent, with minor fluctuations.
- Shareholders’ Equity
- Shareholders’ equity initially increased from March 2021 to September 2023, reaching a high of 3,062,207 thousand US dollars. However, a marked decline began in March 2024, continuing through December 2025, resulting in a final value of 2,830,607 thousand US dollars. This decline was primarily driven by a substantial decrease in retained earnings, particularly after March 2024. Treasury stock consistently represented a significant deduction from shareholders’ equity, increasing in absolute value throughout the period. Common stock and additional paid-in capital remained relatively stable until the final quarters, where they also experienced decreases. Accumulated other comprehensive loss remained consistently negative, with minor fluctuations.
The increasing trend in total liabilities, coupled with the declining trend in shareholders’ equity in the latter part of the period, suggests a potential shift in the company’s capital structure, with a greater reliance on debt financing. The significant increase in unearned revenue indicates potential future revenue growth, while the fluctuations in accrued liabilities suggest variability in short-term obligations. The substantial decrease in retained earnings warrants further investigation to understand the underlying factors contributing to this decline.