Churchill Downs Balance Sheet Health
Financial Health criteria checks 0/6
Churchill Downs has a total shareholder equity of $893.6M and total debt of $4.8B, which brings its debt-to-equity ratio to 541.2%. Its total assets and total liabilities are $7.0B and $6.1B respectively. Churchill Downs's EBIT is $593.4M making its interest coverage ratio 2.2. It has cash and short-term investments of $144.5M.
Key information
541.2%
Debt to equity ratio
US$4.84b
Debt
Interest coverage ratio | 2.2x |
Cash | US$144.50m |
Equity | US$893.60m |
Total liabilities | US$6.06b |
Total assets | US$6.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHR's short term assets ($400.8M) do not cover its short term liabilities ($755.8M).
Long Term Liabilities: CHR's short term assets ($400.8M) do not cover its long term liabilities ($5.3B).
Debt to Equity History and Analysis
Debt Level: CHR's net debt to equity ratio (525%) is considered high.
Reducing Debt: CHR's debt to equity ratio has increased from 186.8% to 541.2% over the past 5 years.
Debt Coverage: CHR's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: CHR's interest payments on its debt are not well covered by EBIT (2.2x coverage).