Churchill Downs Balance Sheet Health
Financial Health criteria checks 0/6
Churchill Downs has a total shareholder equity of $1.1B and total debt of $4.8B, which brings its debt-to-equity ratio to 433.6%. Its total assets and total liabilities are $7.2B and $6.1B respectively. Churchill Downs's EBIT is $696.1M making its interest coverage ratio 2.4. It has cash and short-term investments of $152.7M.
Key information
433.6%
Debt to equity ratio
US$4.83b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$152.70m |
| Equity | US$1.11b |
| Total liabilities | US$6.06b |
| Total assets | US$7.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C2HD34's short term assets ($387.4M) do not cover its short term liabilities ($710.1M).
Long Term Liabilities: C2HD34's short term assets ($387.4M) do not cover its long term liabilities ($5.3B).
Debt to Equity History and Analysis
Debt Level: C2HD34's net debt to equity ratio (419.9%) is considered high.
Reducing Debt: C2HD34's debt to equity ratio has increased from 267.8% to 433.6% over the past 5 years.
Debt Coverage: C2HD34's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: C2HD34's interest payments on its debt are not well covered by EBIT (2.4x coverage).