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
Churchill Downs (NASDAQ:CHDN) Takes On Some Risk With Its Use Of Debt
Jan 08
Is Churchill Downs (NASDAQ:CHDN) A Risky Investment?
Sep 05Churchill Downs (NASDAQ:CHDN) Takes On Some Risk With Its Use Of Debt
Jun 06Is Churchill Downs (NASDAQ:CHDN) Using Too Much Debt?
Jun 18These 4 Measures Indicate That Churchill Downs (NASDAQ:CHDN) Is Using Debt Extensively
Jun 24Recent updates
Churchill Downs Incorporated's (NASDAQ:CHDN) Intrinsic Value Is Potentially 68% Above Its Share Price
Mar 31What Does Churchill Downs Incorporated's (NASDAQ:CHDN) Share Price Indicate?
Feb 14Churchill Downs: Accelerating Growth Might Justify High Valuation
Feb 06Churchill Downs (NASDAQ:CHDN) Takes On Some Risk With Its Use Of Debt
Jan 08Churchill Downs Incorporated's (NASDAQ:CHDN) Earnings Haven't Escaped The Attention Of Investors
Dec 21Is There An Opportunity With Churchill Downs Incorporated's (NASDAQ:CHDN) 25% Undervaluation?
Oct 09Is Now The Time To Look At Buying Churchill Downs Incorporated (NASDAQ:CHDN)?
Sep 23Is Churchill Downs (NASDAQ:CHDN) A Risky Investment?
Sep 05A Look At The Intrinsic Value Of Churchill Downs Incorporated (NASDAQ:CHDN)
Jul 03Is It Time To Consider Buying Churchill Downs Incorporated (NASDAQ:CHDN)?
Jun 20Churchill Downs (NASDAQ:CHDN) Takes On Some Risk With Its Use Of Debt
Jun 06Do Churchill Downs' (NASDAQ:CHDN) Earnings Warrant Your Attention?
May 23Is There An Opportunity With Churchill Downs Incorporated's (NASDAQ:CHDN) 46% Undervaluation?
Mar 27Is Now An Opportune Moment To Examine Churchill Downs Incorporated (NASDAQ:CHDN)?
Mar 12Here's Why We Think Churchill Downs (NASDAQ:CHDN) Is Well Worth Watching
Jan 21Is There An Opportunity With Churchill Downs Incorporated's (NASDAQ:CHDN) 48% Undervaluation?
Dec 21When Should You Buy Churchill Downs Incorporated (NASDAQ:CHDN)?
Dec 06Is Now The Time To Put Churchill Downs (NASDAQ:CHDN) On Your Watchlist?
Oct 20Churchill Downs: Ellis Park Acquisition Should Accelerate Growth
Oct 19Should You Investigate Churchill Downs Incorporated (NASDAQ:CHDN) At US$206?
Aug 23Churchill Downs to divest 49% of United Tote to New York Racing Association
Aug 12Churchill Downs Q2 2022 Earnings Preview
Jul 26Here's Why We Think Churchill Downs (NASDAQ:CHDN) Is Well Worth Watching
Jul 18Is Churchill Downs (NASDAQ:CHDN) Using Too Much Debt?
Jun 18Is Now The Time To Look At Buying Churchill Downs Incorporated (NASDAQ:CHDN)?
May 18I Ran A Stock Scan For Earnings Growth And Churchill Downs (NASDAQ:CHDN) Passed With Ease
Apr 16Churchill Downs Racing Higher
Feb 23What Does Churchill Downs Incorporated's (NASDAQ:CHDN) Share Price Indicate?
Jan 17Estimating The Intrinsic Value Of Churchill Downs Incorporated (NASDAQ:CHDN)
Aug 16What Is Churchill Downs Incorporated's (NASDAQ:CHDN) Share Price Doing?
Jul 29These 4 Measures Indicate That Churchill Downs (NASDAQ:CHDN) Is Using Debt Extensively
Jun 24Churchill Downs inks HRM agreement with Aristocrat Gaming
May 28Churchill Downs sees wagering higher for Kentucky Derby than 2019 level
May 03Calculating The Fair Value Of Churchill Downs Incorporated (NASDAQ:CHDN)
May 02Financial Position Analysis
Short Term Liabilities: CHDN's short term assets ($416.0M) do not cover its short term liabilities ($837.2M).
Long Term Liabilities: CHDN's short term assets ($416.0M) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: CHDN's net debt to equity ratio (577.8%) is considered high.
Reducing Debt: CHDN's debt to equity ratio has increased from 322.8% to 595.8% over the past 5 years.
Debt Coverage: CHDN's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: CHDN's interest payments on its debt are not well covered by EBIT (2.2x coverage).