Financial Analysis and Financial Evaluation

Report Date	12/31/2022		12/31/2021
Currency	USD		USD
Audit Status	Not Qualified		Not Qualified
Consolidated	Yes		Yes
Scale	Thousands		Thousands
Cash & cash equivalents	384000		815374
Accounts receivable, gross	-		-
Less: allowance for credit losses	-		-
Less: allowance for doubtful accounts	-		-
Accounts receivable, net	106880		99599
Inventory	35668		32826
Prepaid expenses & other current assets	86412		78756
Income tax receivable	47741		94064
Investments - available for sale	515136		260945
Total current assets	1175837		1381564
Land	12943		12943
Leasehold improvements & buildings	2317277		2094227
Furniture & fixtures	242166		222774
Equipment	989895		868435
Construction in Progress	123453		107222
Leasehold improvements, property & equipment, gross	3685734		3305601
Less: accumulated depreciation	1734587		1536323
Leasehold improvements, property & equipment, net	1951147		1769278
Long term investments	388055		274311
Other assets	63158		56716
Restricted cash	24966		30856
Operating lease assets	3302402		3118294
Goodwill	21939		21939
Total assets	6927504		6652958
Accounts payable	184566		163161
Worker's compensation liability	27531		27456
Accrued payroll	-		-
Accrued payroll & bonuses	109190		107799
Accrued employer payroll taxes, deferred pursuant to the CARES Act	-		-
Other accrued payroll & benefits	33735		27150
Accrued payroll & benefits	170456		162405
Transaction tax payable	-		-
Sales & use tax payable	35567		32004
Legal reserve liability	15227		48098
Data security incident liability	-		-
Other accrued expenses	96745		92950
Accrued liabilities	147539		173052
Unearned revenue	183071		156351
Current operating lease liabilities	236248		218713
Income tax payable	-		-
Total current liabilities	921880		873682
Long-term operating lease liabilities	3495162		3301601
Deferred rent	-		-
Deferred income tax liability	98623		141765
Other liabilities	43816		38536
Total liabilities	4559481		4355584
Common stock	373		371
Additional paid-in capital	1829304		1729312
Treasury stock, at cost	4282014		3356102
Available-for-sale securities	-		-
Foreign currency translation	-		-
Accumulated other comprehensive income (loss)	-7888		-5354
Retained earnings (accumulated deficit)	4828248		3929147
Total shareholders' equity (deficit)	2368023		2297374

A. Financial Calculations Calculate accurate financial formulas to figure out Chipotle Mexican Grill current financial health. Specifically, calculate the ratios listed below using the Ratios Most Recent Fiscal Quarter (Qtr) and Ratios Same Fiscal Quarter 1 Year Ago worksheets in the Project Two Financial Formulas workbook (linked in the What to Submit section of the Project Two Guidelines and Rubric).

i. Working capital [Write the result of the calculation and what it says about the companys health.]

ii. Current ratio [Write the result of the calculation and what it says about the companys health.]

iii. Debt ratio [Write the result of the calculation and what it says about the companys health.]

iv. Earnings per share [Write the result of the calculation and what it says about the companys health.]

v. Price/earnings ratio [Write the result of the calculation and what it says about the companys health.]

vi. Total asset turnover ratio [Write the result of the calculation and what it says about the companys health.]

vii. Financial leverage [Write the result of the calculation and what it says about the companys health.]

viii. Net profit margin [Write the result of the calculation and what it says about the companys health.]

ix. Return on assets [Write the result of the calculation and what it says about the companys health.]

x. Return on equity [Write the result of the calculation and what it says about the companys health.]

B. Working Capital Management [In one paragraph, explain the impact of working capital management on the businesss operations. Provide examples to support your claims.]

C. Financing [In one paragraph, explain how a business finances its operations and expansion.]

D. Short-Term Financing [In one paragraph, explain how potential short-term financing sources could help the business raise funds for improving its financial health. Base your response on the businesss current financial information.]

E. Bond Investment [In one paragraph, discuss the risks and benefits of the business investing in a corporate bond. Include the necessary ethical factors, appropriate calculations, and examples to support your analysis.]

F. Capital Equipment [In one paragraph, discuss the risks and benefits of the business investing in capital equipment. Include the necessary ethical factors, appropriate calculations, and examples to support your analysis.]

G. Building [In one paragraph, discuss the risks and benefits of a business investing in a building. Include the necessary ethical factors, appropriate calculations, and examples to support your analysis.]

2. Financial Evaluation

A. Bond Investment [In one paragraph, determine if the bond investment is a good financing option for the businesss financial health. Use your financial analysis and other financial information to your support claims.]

B. Capital Equipment [In one paragraph, determine if the capital equipment investment is a good financing option for the businesss financial health. Use your financial analysis and other financial information to support your claims.]

C. Building [In one paragraph, determine if the building investment is a good financing option for the businesss financial health. Use your financial analysis and other financial information to support your claims.]

D. Future Financial Considerations [In one paragraph, describe the businesss likely future financial performance. Base your description on the businesss current financial well-being and risk levels. Use financial information to support your claims.]