Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Chipotle Mexican Grill Inc., liquidity ratios
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.23 | 1.52 | 1.57 | 1.28 | 1.58 | |
| Quick ratio | 1.01 | 1.34 | 1.37 | 1.09 | 1.35 | |
| Cash ratio | 0.88 | 1.22 | 1.26 | 0.98 | 1.23 |
Based on: 10-K (reporting date: 2025-12-31), 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).
Current Ratio
Chipotle Mexican Grill Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 1,466,953) | 1,780,587) | 1,620,713) | 1,175,837) | 1,381,564) | |
| Current liabilities | 1,188,142) | 1,168,768) | 1,030,625) | 921,880) | 873,682) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.23 | 1.52 | 1.57 | 1.28 | 1.58 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Airbnb Inc. | — | 1.69 | 1.66 | 1.86 | 1.95 | |
| Booking Holdings Inc. | — | 1.31 | 1.28 | 1.86 | 2.10 | |
| DoorDash, Inc. | — | 1.66 | 1.64 | 1.86 | 2.59 | |
| McDonald’s Corp. | — | 1.19 | 1.16 | 1.43 | 1.78 | |
| Starbucks Corp. | 0.72 | 0.75 | 0.78 | 0.77 | 1.20 | |
| Current Ratio, Sector | ||||||
| Consumer Services | — | 1.31 | 1.28 | 1.49 | 1.77 | |
| Current Ratio, Industry | ||||||
| Consumer Discretionary | — | 1.22 | 1.20 | 1.15 | 1.25 | |
Based on: 10-K (reporting date: 2025-12-31), 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).
1 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,466,953 ÷ 1,188,142 = 1.23
2 Click competitor name to see calculations.
Quick Ratio
Chipotle Mexican Grill Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 350,545) | 748,537) | 560,609) | 384,000) | 815,374) | |
| Accounts receivable, net | 156,466) | 143,963) | 115,535) | 106,880) | 99,599) | |
| Current investments | 698,591) | 674,378) | 734,838) | 515,136) | 260,945) | |
| Total quick assets | 1,205,602) | 1,566,878) | 1,410,982) | 1,006,016) | 1,175,918) | |
| Current liabilities | 1,188,142) | 1,168,768) | 1,030,625) | 921,880) | 873,682) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.01 | 1.34 | 1.37 | 1.09 | 1.35 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Airbnb Inc. | — | 1.64 | 1.62 | 1.83 | 1.91 | |
| Booking Holdings Inc. | — | 1.24 | 1.20 | 1.73 | 2.00 | |
| DoorDash, Inc. | — | 1.41 | 1.38 | 1.54 | 2.33 | |
| McDonald’s Corp. | — | 0.90 | 1.03 | 1.24 | 1.64 | |
| Starbucks Corp. | 0.46 | 0.52 | 0.55 | 0.48 | 0.93 | |
| Quick Ratio, Sector | ||||||
| Consumer Services | — | 1.18 | 1.15 | 1.31 | 1.61 | |
| Quick Ratio, Industry | ||||||
| Consumer Discretionary | — | 0.91 | 0.86 | 0.81 | 0.93 | |
Based on: 10-K (reporting date: 2025-12-31), 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).
1 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,205,602 ÷ 1,188,142 = 1.01
2 Click competitor name to see calculations.
Cash Ratio
Chipotle Mexican Grill Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 350,545) | 748,537) | 560,609) | 384,000) | 815,374) | |
| Current investments | 698,591) | 674,378) | 734,838) | 515,136) | 260,945) | |
| Total cash assets | 1,049,136) | 1,422,915) | 1,295,447) | 899,136) | 1,076,319) | |
| Current liabilities | 1,188,142) | 1,168,768) | 1,030,625) | 921,880) | 873,682) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.88 | 1.22 | 1.26 | 0.98 | 1.23 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Airbnb Inc. | — | 1.04 | 1.01 | 1.21 | 1.31 | |
| Booking Holdings Inc. | — | 1.03 | 0.95 | 1.46 | 1.79 | |
| DoorDash, Inc. | — | 1.25 | 1.23 | 1.38 | 2.13 | |
| McDonald’s Corp. | — | 0.28 | 0.67 | 0.68 | 1.17 | |
| Starbucks Corp. | 0.34 | 0.39 | 0.42 | 0.35 | 0.81 | |
| Cash Ratio, Sector | ||||||
| Consumer Services | — | 0.86 | 0.84 | 0.98 | 1.30 | |
| Cash Ratio, Industry | ||||||
| Consumer Discretionary | — | 0.52 | 0.48 | 0.47 | 0.64 | |
Based on: 10-K (reporting date: 2025-12-31), 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).
1 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,049,136 ÷ 1,188,142 = 0.88
2 Click competitor name to see calculations.