Flutter Entertainment Balance Sheet Health
Financial Health criteria checks 3/6
Flutter Entertainment has a total shareholder equity of $12.0B and total debt of $7.0B, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are $25.5B and $13.5B respectively. Flutter Entertainment's EBIT is $696.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $3.5B.
Key information
58.4%
Debt to equity ratio
US$7.02b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$3.51b |
| Equity | US$12.01b |
| Total liabilities | US$13.47b |
| Total assets | US$25.48b |
Recent financial health updates
Recent updates
3 Reasons To Bet On Flutter's 'License To Print Money'
Nov 06Flutter: This NFL Season Has Big Gifts For Sports Betting Sites
Sep 09Flutter 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 ($4.2B) do not cover its short term liabilities ($4.7B).
Long Term Liabilities: FLUT's short term assets ($4.2B) do not cover its long term liabilities ($8.8B).
Debt to Equity History and Analysis
Debt Level: FLUT's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: FLUT's debt to equity ratio has increased from 8.8% to 58.4% 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 5.2% per year.