DraftKings Balance Sheet Health
Financial Health criteria checks 4/6
DraftKings has a total shareholder equity of $1.3B and total debt of $1.3B, which brings its debt-to-equity ratio to 96.7%. Its total assets and total liabilities are $4.2B and $2.9B respectively.
Key information
96.7%
Debt to equity ratio
US$1.26b
Debt
| Interest coverage ratio | n/a |
| Cash | US$815.88m |
| Equity | US$1.30b |
| Total liabilities | US$2.92b |
| Total assets | US$4.22b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: D2KN34's short term assets ($1.5B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: D2KN34's short term assets ($1.5B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: D2KN34's net debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: D2KN34's debt to equity ratio has increased from 70.8% to 96.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable D2KN34 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: D2KN34 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.7% per year.