Chipotle Mexican Grill
When I was choosing a company I had to figure out what I loved most. So I decided to choose my favorite restaurant. The company I chose was Chipotle Mexican Grill, Inc (CMG). I know that this is crazy because its fast food, but I work less than 1 mile from one and I eat there at least 2-3 times a week. So as much money as I have invested in with just lunch a week. I was dying to find out their financial information and this assignment gave me my opportunity.
Chipotle Mexican Grill, aims to do a few things but do them exceptionally well. When Chipotle (pronounced chi-POAT-lay) opened its first store in 1993, the idea was simple: demonstrate that food served fast didn't have to be a "fast-food" experience. We use high-quality raw ingredients, classic cooking methods and distinctive interior design--features that are more frequently found in the world of fine dining. When we opened, there wasn't an industry category to describe what we were doing. Some 16 years and more than 900 restaurants later, we compete in a category of dining now called "fast-casual," the fastest growing segment of the restaurant industry, where customers expect food quality that's more in line with full-service restaurants, coupled with the speed and convenience of fast food.
In 2010 CMG current assets were $224 million and in 2011 were $401 million, which has gone down to $322 million in 2012. Now with looking into current liabilities when looking at 2012 they go from $157 million to $186. Another area of strengths for CMG is cash flows, ending in 2011 with $411 million cash on the balance sheets and no debit. Net operating cash flow has slightly increased to $126.03 million or 4.82% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -9.85%.
CMG's debt-to-equity ratio is very low at 0.00 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with
Chipotle Mexican Grill, aims to do a few things but do them exceptionally well. When Chipotle (pronounced chi-POAT-lay) opened its first store in 1993, the idea was simple: demonstrate that food served fast didn't have to be a "fast-food" experience. We use high-quality raw ingredients, classic cooking methods and distinctive interior design--features that are more frequently found in the world of fine dining. When we opened, there wasn't an industry category to describe what we were doing. Some 16 years and more than 900 restaurants later, we compete in a category of dining now called "fast-casual," the fastest growing segment of the restaurant industry, where customers expect food quality that's more in line with full-service restaurants, coupled with the speed and convenience of fast food.
In 2010 CMG current assets were $224 million and in 2011 were $401 million, which has gone down to $322 million in 2012. Now with looking into current liabilities when looking at 2012 they go from $157 million to $186. Another area of strengths for CMG is cash flows, ending in 2011 with $411 million cash on the balance sheets and no debit. Net operating cash flow has slightly increased to $126.03 million or 4.82% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -9.85%.
CMG's debt-to-equity ratio is very low at 0.00 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with