Flutter Entertainment Balance Sheet Health
Financial Health criteria checks 3/6
Flutter Entertainment has a total shareholder equity of $11.5B and total debt of $7.0B, which brings its debt-to-equity ratio to 60.6%. Its total assets and total liabilities are $24.3B and $12.8B respectively. Flutter Entertainment's EBIT is $462.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $3.4B.
Key information
60.6%
Debt to equity ratio
US$6.96b
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$3.38b |
| Equity | US$11.48b |
| Total liabilities | US$12.84b |
| Total assets | US$24.32b |
Recent financial health updates
Recent updates
Flutter Entertainment: Leading The U.S. Market With International Expertise, Fairly Priced
Jul 19Flutter: Nurturing The Kentucky Derby, A Possible One Event Betting Phenomenon
May 06Flutter Entertainment: It's All About Scale In The Sports Betting Sector
Mar 31Flutter: Newly Traded NYSE Sports Betting Giant Could Be A Big Gainer
Feb 07Financial Position Analysis
Short Term Liabilities: FLUT's short term assets ($3.9B) do not cover its short term liabilities ($4.4B).
Long Term Liabilities: FLUT's short term assets ($3.9B) do not cover its long term liabilities ($8.5B).
Debt to Equity History and Analysis
Debt Level: FLUT's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: FLUT's debt to equity ratio has increased from 10.9% to 60.6% 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 FLUT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FLUT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.9% per year.