Churchill Downs Balance Sheet Health
Financial Health criteria checks 0/6
Churchill Downs has a total shareholder equity of $826.9M and total debt of $4.9B, which brings its debt-to-equity ratio to 595.8%. Its total assets and total liabilities are $7.1B and $6.2B respectively. Churchill Downs's EBIT is $604.1M making its interest coverage ratio 2.2. It has cash and short-term investments of $149.4M.
Key information
595.8%
Debt to equity ratio
US$4.93b
Debt
Interest coverage ratio | 2.2x |
Cash | US$149.40m |
Equity | US$826.90m |
Total liabilities | US$6.24b |
Total assets | US$7.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHR's short term assets ($416.0M) do not cover its short term liabilities ($837.2M).
Long Term Liabilities: CHR's short term assets ($416.0M) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: CHR's net debt to equity ratio (577.8%) is considered high.
Reducing Debt: CHR's debt to equity ratio has increased from 322.8% to 595.8% over the past 5 years.
Debt Coverage: CHR's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: CHR's interest payments on its debt are not well covered by EBIT (2.2x coverage).