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
DraftKings (NASDAQ:DKNG) Has Debt But No Earnings; Should You Worry?
Mar 18
DraftKings (NASDAQ:DKNG) Is Carrying A Fair Bit Of Debt
Nov 30DraftKings (NASDAQ:DKNG) Is Making Moderate Use Of Debt
Aug 19Health Check: How Prudently Does DraftKings (NASDAQ:DKNG) Use Debt?
May 05Is DraftKings (NASDAQ:DKNG) Using Too Much Debt?
Jan 01Recent updates
DraftKings 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 18Health Check: How Prudently Does DraftKings (NASDAQ:DKNG) Use Debt?
May 05Is It Time To Consider Buying DraftKings Inc. (NASDAQ:DKNG)?
Apr 14DraftKings Inc.'s (NASDAQ:DKNG) Intrinsic Value Is Potentially 87% Above Its Share Price
Feb 23Is DraftKings (NASDAQ:DKNG) Using Too Much Debt?
Jan 01DraftKings jumps 8% after report of a partnership with ESPN, Action Network reports
Oct 07DraftKings: I Want To Love The Stock After The 74.64% Fall, But I Just Can't
Sep 07DraftKings to launch online sportsbook in Kansas tomorrow
Aug 31DraftKings: Upside Move Blinks Caution Light, Not Fool's Gold Or 24k, Hold
Aug 12DraftKings Bottom Is Likely In, But Long-Term Prospects Remain Cloudy
Aug 04DraftKings: Rescue From Excessive Promo Spend May Be On The Way
Jul 26DraftKings: The Market Has Been Quietly Buying
Jul 16Financial Position Analysis
Short Term Liabilities: DKNG's short term assets ($1.9B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: DKNG's short term assets ($1.9B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: DKNG's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: DKNG'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 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 19.5% per year.