Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Chipotle Mexican Grill Inc., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 1.57 1.28 1.58 1.73 1.61
Quick ratio 1.37 1.09 1.35 1.28 1.44
Cash ratio 1.26 0.98 1.23 1.16 1.32

Based on: 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), 10-K (reporting date: 2019-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Chipotle Mexican Grill Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Chipotle Mexican Grill Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Chipotle Mexican Grill Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Current Ratio

Chipotle Mexican Grill Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Current assets 1,620,713 1,175,837 1,381,564 1,420,237 1,072,204
Current liabilities 1,030,625 921,880 873,682 822,199 666,593
Liquidity Ratio
Current ratio1 1.57 1.28 1.58 1.73 1.61
Benchmarks
Current Ratio, Competitors2
Airbnb Inc. 1.66 1.86 1.95 1.73
Booking Holdings Inc. 1.28 1.86 2.10 3.56 1.83
Carnival Corp. & plc 0.46 0.71 0.97 1.22 0.23
McDonald’s Corp. 1.16 1.43 1.78 1.01 0.98
Starbucks Corp. 0.78 0.77 1.20 1.06 0.92
Current Ratio, Sector
Consumer Services 1.07 1.26 1.50 1.49 0.89
Current Ratio, Industry
Consumer Discretionary 1.18 1.14 1.24 1.18 1.08

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,620,713 ÷ 1,030,625 = 1.57

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Chipotle Mexican Grill Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Quick Ratio

Chipotle Mexican Grill Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 560,609 384,000 815,374 607,987 480,626
Accounts receivable, net 115,535 106,880 99,599 104,500 80,545
Current investments 734,838 515,136 260,945 343,616 400,156
Total quick assets 1,410,982 1,006,016 1,175,918 1,056,103 961,327
 
Current liabilities 1,030,625 921,880 873,682 822,199 666,593
Liquidity Ratio
Quick ratio1 1.37 1.09 1.35 1.28 1.44
Benchmarks
Quick Ratio, Competitors2
Airbnb Inc. 1.63 1.83 1.92 1.70
Booking Holdings Inc. 1.20 1.73 2.00 3.38 1.68
Carnival Corp. & plc 0.26 0.60 0.90 1.13 0.11
McDonald’s Corp. 1.03 1.24 1.64 0.90 0.86
Starbucks Corp. 0.55 0.48 0.93 0.75 0.59
Quick Ratio, Sector
Consumer Services 0.94 1.12 1.37 1.34 0.71
Quick Ratio, Industry
Consumer Discretionary 0.84 0.81 0.93 0.89 0.77

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,410,982 ÷ 1,030,625 = 1.37

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Chipotle Mexican Grill Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Cash Ratio

Chipotle Mexican Grill Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 560,609 384,000 815,374 607,987 480,626
Current investments 734,838 515,136 260,945 343,616 400,156
Total cash assets 1,295,447 899,136 1,076,319 951,603 880,782
 
Current liabilities 1,030,625 921,880 873,682 822,199 666,593
Liquidity Ratio
Cash ratio1 1.26 0.98 1.23 1.16 1.32
Benchmarks
Cash Ratio, Competitors2
Airbnb Inc. 1.01 1.21 1.31 1.24
Booking Holdings Inc. 0.95 1.46 1.79 3.23 1.36
Carnival Corp. & plc 0.21 0.57 0.88 1.10 0.06
McDonald’s Corp. 0.67 0.68 1.17 0.56 0.25
Starbucks Corp. 0.42 0.35 0.81 0.63 0.45
Cash Ratio, Sector
Consumer Services 0.67 0.85 1.14 1.14 0.50
Cash Ratio, Industry
Consumer Discretionary 0.57 0.55 0.71 0.70 0.56

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,295,447 ÷ 1,030,625 = 1.26

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Chipotle Mexican Grill Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.