Chipotle Mexican Grill, Inc., a Delaware corporation, together with its operates Chipotle Mexican Grill restaurants, which serve a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads, made using fresh ingredients. As of December 31, 2019, we operated 2,580 Chipotle restaurants throughout the United States, as well as 39 international Chipotle restaurants, and we also had two non-Chipotle restaurants. We focus on finding fresh, high-quality raw ingredients to make great tasting food prepared using classic cooking methods; on building strong restaurant teams that are centered on providing an excellent guest experience; on building restaurants that are operationally efficient and aesthetically pleasing; and on doing all of this with the highest regard for the safety of our customers and with a continuing awareness of and respect for the environment. We have grown substantially over the past five years, and expect to open between 130 and 150 new restaurants in 2020, representing a slight reduction in our rate of new openings as we focus our resources on improving our operations and delivering an outstanding experience to every one of our guests. Chipotle has prepared a strategic plan that calls for the remodeling of 50% of their stores by 2023. They have witnessed the re-energizing effect of sales and profits to McDonalds and others when the stores are completely reinvented and not just refreshed.

The CEO and CFO have come to you as their commercial loan officer / banker asking for a loan of $750 million dollars to renovate 800 stores in the United States. Find the financial statements online and analyze as you see fit. Indicate here what your response would be to the company and why - make sure you use all or many of the appropriate ratios.