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
Is DraftKings (NASDAQ:DKNG) A Risky Investment?
Oct 10
DraftKings (NASDAQ:DKNG) Has Debt But No Earnings; Should You Worry?
Mar 18DraftKings (NASDAQ:DKNG) Is Carrying A Fair Bit Of Debt
Nov 30DraftKings (NASDAQ:DKNG) Is Making Moderate Use Of Debt
Aug 19Recent updates
DraftKings Inc.'s (NASDAQ:DKNG) Share Price Matching Investor Opinion
Nov 18DraftKings: Haunted By The Ghost Of Reignmakers
Nov 09Is DraftKings (NASDAQ:DKNG) A Risky Investment?
Oct 10DraftKings: Losing Share To FanDuel And Extremely Overvalued (Rating Downgrade)
Oct 06DraftKings: Great Upside With Limited Downside
Sep 25The House Always Wins: Why DraftKings Could Be Your Best Bet
Sep 03DraftKings: Fairly Valued, But Lottery Acquisition And Declining CAC Point To Huge Wins
Aug 06DraftKings Inc. (NASDAQ:DKNG) Not Lagging Industry On Growth Or Pricing
Jul 30DraftKings: State And League Tax And Fee Greed Do Not Challenge FCF Performance
Jul 11DraftKings: A Bet On Growth And Potential Profitability In The Expanding Sports Betting Market
Jul 04DraftKings: The Odds Are Against You At The Current Valuation
Jun 25DraftKings: Tailwinds On All Sides
May 23DraftKings Inc.'s (NASDAQ:DKNG) Price In Tune With Revenues
Apr 30DraftKings: Good Growth Prospects, But Overvalued
Apr 19DraftKings (NASDAQ:DKNG) Has Debt But No Earnings; Should You Worry?
Mar 18DraftKings: More Fuel For The Rally
Mar 18DraftKings: Time For A Big Bet
Feb 26DraftKings: Q4 Results Support A Strong Long-Term Success Story
Feb 16DraftKings: Striving For Profitability, But Is It Enough? (Downgrade)
Jan 30DraftKings: The Long Term Opportunity Is Vast
Jan 23DraftKings (NASDAQ:DKNG) Is Carrying A Fair Bit Of Debt
Nov 30DraftKings Inc. (NASDAQ:DKNG) Shares Could Be 48% Below Their Intrinsic Value Estimate
Sep 17DraftKings (NASDAQ:DKNG) Is Making Moderate Use Of Debt
Aug 19Is DraftKings Inc. (NASDAQ:DKNG) Trading At A 44% Discount?
Jun 18Financial Position Analysis
Short Term Liabilities: DKNG's short term assets ($1.6B) do not cover its short term liabilities ($1.6B).
Long Term Liabilities: DKNG's short term assets ($1.6B) exceed its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: DKNG's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: DKNG 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 DKNG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DKNG 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.