DraftKings Balance Sheet Health
Financial Health criteria checks 4/6
DraftKings has a total shareholder equity of $872.9M and total debt of $1.8B, which brings its debt-to-equity ratio to 211.1%. Its total assets and total liabilities are $4.5B and $3.6B respectively.
Key information
211.08%
Debt to equity ratio
US$1.84b
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.12b |
| Equity | US$872.92m |
| Total liabilities | US$3.64b |
| Total assets | US$4.52b |
Recent financial health updates
Here's Why DraftKings (NASDAQ:DKNG) Can Afford Some Debt
May 27
Does DraftKings (NASDAQ:DKNG) Have A Healthy Balance Sheet?
Jan 11Is DraftKings (NASDAQ:DKNG) A Risky Investment?
Oct 10Recent updates
DraftKings: Illinois Sets A Tax Precedent, Ohio Threatens To Redefine The Rules
Jun 03Here's Why DraftKings (NASDAQ:DKNG) Can Afford Some Debt
May 27DraftKings: I Am Finally Upgrading My Investment Outlook To Bullish, Here's Why
Apr 28DraftKings: A Baby Thrown Out With The Tariff Bathwater
Apr 20What You Can Learn From DraftKings Inc.'s (NASDAQ:DKNG) P/S After Its 27% Share Price Crash
Apr 05DraftKings: Excellent 2025 Momentum At An Attractive Valuation
Mar 28DraftKings: A Pivotal 2025, Real Profits Ahead (Rating Upgrade)
Mar 18DraftKings: Incredible Customer Acquisition, Terrible Price (Rating Upgrade)
Feb 16DraftKings: Narrow Moat At An Unreasonable Price
Jan 16Does DraftKings (NASDAQ:DKNG) Have A Healthy Balance Sheet?
Jan 11DraftKings: Odds Are In Investor's Favor
Dec 16DraftKings 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: Good Growth Prospects, But Overvalued
Apr 19DraftKings: 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 23Financial Position Analysis
Short Term Liabilities: DKNG's short term assets ($1.8B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: DKNG's short term assets ($1.8B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: DKNG's net debt to equity ratio (82.8%) is considered high.
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, due to free cash flow being positive and growing by 13.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/04 18:23 |
| End of Day Share Price | 2025/06/04 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
DraftKings Inc. is covered by 49 analysts. 32 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pierre-Marie D'Ornano | Arete Research Services LLP |
| Brandt Montour | Barclays |
| Michael Hickey | Benchmark Company |