DraftKings Balance Sheet Health
Financial Health criteria checks 5/6
DraftKings has a total shareholder equity of $831.0M and total debt of $1.3B, which brings its debt-to-equity ratio to 151%. Its total assets and total liabilities are $3.8B and $3.0B respectively.
Key information
151.0%
Debt to equity ratio
US$1.25b
Debt
Interest coverage ratio | n/a |
Cash | US$1.19b |
Equity | US$830.98m |
Total liabilities | US$2.97b |
Total assets | US$3.80b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DKNG1 *'s short term assets ($1.9B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: DKNG1 *'s short term assets ($1.9B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: DKNG1 *'s net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: DKNG1 *'s debt to equity ratio has increased from 9.2% to 151% 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 DKNG1 * has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DKNG1 * is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19.5% per year.