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 ratio | n/a |
| Cash | US$877.82m |
| Equity | US$1.08b |
| Total liabilities | US$3.20b |
| Total assets | US$4.27b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IK1's short term assets ($1.6B) do not cover its short term liabilities ($1.6B).
Long Term Liabilities: IK1's short term assets ($1.6B) exceed its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: IK1's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: IK1 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 IK1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IK1 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.