DraftKings Balance Sheet Health

Financial Health criteria checks 5/6

DraftKings has a total shareholder equity of $1.1B and total debt of $1.3B, which brings its debt-to-equity ratio to 116.7%. Its total assets and total liabilities are $4.3B and $3.2B respectively.

Key information

116.7%

Debt to equity ratio

US$1.26b

Debt

Interest coverage ration/a
CashUS$877.82m
EquityUS$1.08b
Total liabilitiesUS$3.20b
Total assetsUS$4.27b

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: D2KN34's short term assets ($1.6B) do not cover its short term liabilities ($1.6B).

Long Term Liabilities: D2KN34's short term assets ($1.6B) exceed its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: D2KN34's net debt to equity ratio (35.1%) is considered satisfactory.

Reducing Debt: D2KN34 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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 5.3% per year.


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