As of Q1'26, Chipotle Mexican Grill (CMG) reported cash and short-term investments at $247M USD, marking a sharp decline from $1.05B USD in Q4'25, while total debt reached $5.25B USD, up from $5.08B USD in the prior quarter. This results in a net debt position of approximately $5B USD, highlighting increased liquidity pressure at the end of the period covered from Q2'23 to Q1'26. Over the timeframe from Q2'23 to Q1'26, cash and short-term investments exhibited volatility, fluctuating between $130M USD and $1.55B USD with a general upward trend until Q2'25 before a steep drop in Q4'25 and Q1'26, possibly indicating aggressive investments or operational shifts. In contrast, debt showed consistent growth, rising steadily from $3.89B USD in Q2'23 to $5.25B USD in Q1'26, suggesting ongoing expansion or leverage to support business activities, which has widened the net debt gap from around $2.75B USD to $5B USD.