Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Chipotle Mexican Grill Inc., liquidity ratios (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 1.62 1.71 1.65 1.57 1.53 1.58 1.41 1.28 1.32 1.26 1.32 1.58 1.78 1.73 1.75 1.73 1.51 1.59 1.62 1.61 1.51 1.52 1.44
Quick ratio 1.41 1.52 1.51 1.37 1.40 1.44 1.26 1.09 1.05 1.02 1.13 1.35 1.29 1.28 1.35 1.28 1.34 1.35 1.42 1.44 1.36 1.40 1.35
Cash ratio 1.32 1.43 1.42 1.26 1.34 1.38 1.19 0.98 0.96 0.92 1.03 1.23 1.20 1.19 1.27 1.16 1.25 1.25 1.32 1.32 1.29 1.31 1.26

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Chipotle Mexican Grill Inc. current ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.
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 improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Chipotle Mexican Grill Inc. cash ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Current Ratio

Chipotle Mexican Grill Inc., current ratio calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in thousands)
Current assets 1,680,256 1,786,298 1,645,769 1,620,713 1,669,343 1,556,419 1,261,442 1,175,837 1,077,432 1,046,299 1,096,493 1,381,564 1,518,606 1,447,810 1,456,851 1,420,237 1,211,280 1,150,343 1,075,501 1,072,204 954,756 832,402 837,746
Current liabilities 1,037,884 1,043,156 997,353 1,030,625 1,087,707 982,250 894,092 921,880 817,857 831,623 833,738 873,682 850,964 835,486 834,004 822,199 801,717 723,178 665,795 666,593 634,019 548,268 581,667
Liquidity Ratio
Current ratio1 1.62 1.71 1.65 1.57 1.53 1.58 1.41 1.28 1.32 1.26 1.32 1.58 1.78 1.73 1.75 1.73 1.51 1.59 1.62 1.61 1.51 1.52 1.44
Benchmarks
Current Ratio, Competitors2
Airbnb Inc. 1.41 1.44 1.66 1.78 1.47 1.55 1.86 1.85 1.58 1.61 1.95 1.86 1.48 1.66
Booking Holdings Inc. 1.23 1.17 1.22 1.28 1.44 1.55 1.59 1.86 1.45 1.45 1.72 2.10 2.48 2.05 2.18 3.56 3.17 2.93 2.24 1.83 1.82 1.58 1.27
McDonald’s Corp. 1.08 0.83 1.16 1.71 1.35 1.47 1.43 1.65 1.41 1.10 1.78 1.33 1.45 1.19 1.01 1.07 0.91 1.90 0.98 0.84 1.21 1.47
Starbucks Corp. 0.89 0.86 0.70 0.78 0.78 0.77 0.75 0.77 0.84 0.83 0.81 1.20 1.02 1.07 1.06 1.06 0.95 0.70 0.68 0.92 1.31 0.94 1.41

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,680,256 ÷ 1,037,884 = 1.62

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 improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Quick Ratio

Chipotle Mexican Grill Inc., quick ratio calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 698,547 806,528 727,394 560,609 602,307 504,866 409,727 384,000 366,623 520,933 615,863 815,374 721,109 668,269 694,776 607,987 662,401 605,622 500,315 480,626 386,565 299,913 277,661
Accounts receivable, net 93,202 97,542 89,836 115,535 71,122 60,985 65,869 106,880 71,276 83,636 89,295 99,599 76,099 75,697 68,449 104,500 69,366 68,006 63,461 80,545 49,489 49,362 49,725
Current investments 668,676 683,287 692,474 734,838 851,699 851,142 652,858 515,136 417,278 240,684 240,379 260,945 301,534 322,460 363,585 343,616 342,819 301,041 380,978 400,156 428,796 417,867 457,363
Total quick assets 1,460,425 1,587,357 1,509,704 1,410,982 1,525,128 1,416,993 1,128,454 1,006,016 855,177 845,253 945,537 1,175,918 1,098,742 1,066,426 1,126,810 1,056,103 1,074,586 974,669 944,754 961,327 864,850 767,142 784,749
 
Current liabilities 1,037,884 1,043,156 997,353 1,030,625 1,087,707 982,250 894,092 921,880 817,857 831,623 833,738 873,682 850,964 835,486 834,004 822,199 801,717 723,178 665,795 666,593 634,019 548,268 581,667
Liquidity Ratio
Quick ratio1 1.41 1.52 1.51 1.37 1.40 1.44 1.26 1.09 1.05 1.02 1.13 1.35 1.29 1.28 1.35 1.28 1.34 1.35 1.42 1.44 1.36 1.40 1.35
Benchmarks
Quick Ratio, Competitors2
Airbnb Inc. 1.38 1.42 1.63 1.75 1.45 1.52 1.83 1.82 1.56 1.59 1.92 1.83 1.46 1.63
Booking Holdings Inc. 1.16 1.11 1.15 1.20 1.35 1.45 1.49 1.73 1.34 1.37 1.63 2.00 2.28 1.86 1.97 3.24 3.04 2.81 1.70 1.49 1.49 1.14 0.69
McDonald’s Corp. 0.82 0.63 1.03 1.43 1.04 1.25 1.24 1.35 1.07 0.95 1.64 1.20 1.23 1.04 0.90 0.97 0.84 1.77 0.86 0.74 0.98 1.27
Starbucks Corp. 0.59 0.56 0.48 0.55 0.52 0.51 0.48 0.48 0.52 0.55 0.57 0.93 0.75 0.75 0.78 0.75 0.63 0.43 0.46 0.59 0.95 0.54 1.05

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,460,425 ÷ 1,037,884 = 1.41

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 improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Cash Ratio

Chipotle Mexican Grill Inc., cash ratio calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 698,547 806,528 727,394 560,609 602,307 504,866 409,727 384,000 366,623 520,933 615,863 815,374 721,109 668,269 694,776 607,987 662,401 605,622 500,315 480,626 386,565 299,913 277,661
Current investments 668,676 683,287 692,474 734,838 851,699 851,142 652,858 515,136 417,278 240,684 240,379 260,945 301,534 322,460 363,585 343,616 342,819 301,041 380,978 400,156 428,796 417,867 457,363
Total cash assets 1,367,223 1,489,815 1,419,868 1,295,447 1,454,006 1,356,008 1,062,585 899,136 783,901 761,617 856,242 1,076,319 1,022,643 990,729 1,058,361 951,603 1,005,220 906,663 881,293 880,782 815,361 717,780 735,024
 
Current liabilities 1,037,884 1,043,156 997,353 1,030,625 1,087,707 982,250 894,092 921,880 817,857 831,623 833,738 873,682 850,964 835,486 834,004 822,199 801,717 723,178 665,795 666,593 634,019 548,268 581,667
Liquidity Ratio
Cash ratio1 1.32 1.43 1.42 1.26 1.34 1.38 1.19 0.98 0.96 0.92 1.03 1.23 1.20 1.19 1.27 1.16 1.25 1.25 1.32 1.32 1.29 1.31 1.26
Benchmarks
Cash Ratio, Competitors2
Airbnb Inc. 0.71 0.78 1.01 1.12 0.76 0.87 1.21 1.20 0.88 0.95 1.31 1.21 0.78 1.00
Booking Holdings Inc. 0.95 0.90 0.95 0.95 1.08 1.22 1.31 1.46 1.07 1.15 1.41 1.78 2.01 1.67 1.88 3.08 2.82 2.66 1.54 1.18 1.17 0.83 0.42
McDonald’s Corp. 0.20 0.17 0.67 0.87 0.44 0.80 0.68 0.81 0.54 0.55 1.17 0.85 0.77 0.66 0.56 0.59 0.45 1.35 0.25 0.28 0.35 0.68
Starbucks Corp. 0.44 0.42 0.36 0.42 0.39 0.38 0.36 0.35 0.39 0.44 0.45 0.81 0.63 0.62 0.67 0.63 0.52 0.32 0.36 0.45 0.82 0.40 0.92

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,367,223 ÷ 1,037,884 = 1.32

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 improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.