Flutter Entertainment Balance Sheet Health
Financial Health criteria checks 3/6
Flutter Entertainment has a total shareholder equity of $11.4B and total debt of $7.1B, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are $24.6B and $13.3B respectively. Flutter Entertainment's EBIT is $176.0M making its interest coverage ratio 0.5. It has cash and short-term investments of $3.4B.
Key information
62.1%
Debt to equity ratio
US$7.06b
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$3.42b |
| Equity | US$11.37b |
| Total liabilities | US$13.27b |
| Total assets | US$24.64b |
Recent financial health updates
Does Flutter Entertainment (LON:FLTR) Have A Healthy Balance Sheet?
Sep 24
Flutter Entertainment (LON:FLTR) Has A Somewhat Strained Balance Sheet
Mar 30Recent updates
Is Flutter Entertainment plc (LON:FLTR) Trading At A 29% Discount?
Oct 30Does Flutter Entertainment (LON:FLTR) Have A Healthy Balance Sheet?
Sep 24What Is Flutter Entertainment plc's (LON:FLTR) Share Price Doing?
Sep 02Calculating The Intrinsic Value Of Flutter Entertainment plc (LON:FLTR)
Jul 25Flutter Entertainment plc's (LON:FLTR) Popularity With Investors Is Clear
Jun 13Is It Too Late To Consider Buying Flutter Entertainment plc (LON:FLTR)?
May 26Are Flutter Entertainment plc (LON:FLTR) Investors Paying Above The Intrinsic Value?
Apr 17Flutter Entertainment (LON:FLTR) Has A Somewhat Strained Balance Sheet
Mar 30Is There Now An Opportunity In Flutter Entertainment plc (LON:FLTR)?
Feb 20Is Flutter Entertainment plc (LON:FLTR) Trading At A 26% Discount?
Dec 17Should You Investigate Flutter Entertainment plc (LON:FLTR) At UK£112?
Nov 18We Think Flutter Entertainment (LON:FLTR) Is Taking Some Risk With Its Debt
Sep 12Earnings Miss: Flutter Entertainment plc Missed EPS And Analysts Are Revising Their Forecasts
Aug 17Is It Time To Consider Buying Flutter Entertainment plc (LON:FLTR)?
Aug 13Financial Position Analysis
Short Term Liabilities: FLTR's short term assets ($4.0B) do not cover its short term liabilities ($4.5B).
Long Term Liabilities: FLTR's short term assets ($4.0B) do not cover its long term liabilities ($8.7B).
Debt to Equity History and Analysis
Debt Level: FLTR's net debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: FLTR's debt to equity ratio has increased from 6.7% to 62.1% 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 FLTR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FLTR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.2% per year.