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 08Is 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
When Should You Buy Churchill Downs Incorporated (NASDAQ:CHDN)?
May 27Churchill Downs Incorporated's (NASDAQ:CHDN) Popularity With Investors Is Clear
Apr 29Churchill Downs: Making A Wager On This Proven Compounder
Apr 28Churchill 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 28Financial 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).