Churchill Downs (Churchill Downs) Interest Expense : $-268 Mil (TTM As of Dec. 2023)

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What is Churchill Downs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Churchill Downs's interest expense for the three months ended in Dec. 2023 was $ -71 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-268 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Churchill Downs's Operating Income for the three months ended in Dec. 2023 was $ 109 Mil. Churchill Downs's Interest Expense for the three months ended in Dec. 2023 was $ -71 Mil. Churchill Downs's Interest Coverage for the quarter that ended in Dec. 2023 was 1.55. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Churchill Downs Interest Expense Historical Data

The historical data trend for Churchill Downs's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Churchill Downs Interest Expense Chart

Churchill Downs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-70.90

-80.00

-84.70

-147.30

-268.40

Churchill Downs Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-54.70	-64.70	-65.20	-67.90	-70.60

Churchill Downs Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-268 Mil.

Churchill Downs (NAS:CHDN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Churchill Downs's Interest Expense for the three months ended in Dec. 2023 was $-71 Mil. Its Operating Income for the three months ended in Dec. 2023 was $109 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,768 Mil.

Churchill Downs's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	109.3	/	-70.6
	=	1.55

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Churchill Downs Inc interest coverage is 2.21, which is low.

Churchill Downs (Churchill Downs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Churchill Downs Inc (NAS:CHDN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CHR:Germany C2HD34:Brazil

Address

600 North Hurstbourne Parkway, Suite 400, Louisville, KY, USA, 40222

Website

https://www.churchilldownsincorporated.com

Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The company generates more than half of its revenue from the Gaming segment includes revenue from casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.

Executives

Maureen Adams	officer: SVP, Gaming Operations	600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVLLE KY 40222
Bradley K. Blackwell	officer: SVP, General Counsel	600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Andrea M Carter	director	600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Karole Lloyd	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Paul C Varga	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
R Alex Rankin	director	700 CENTRAL AVENUE, LOUISVILLE KY 40208
Robert L Fealy	director	700 CENTRAL AVE, LOUISVILLE KY 40208
Bridgeman Ulysses L Jr	director	7 SYLVAN WAY, PARSIPPANY NJ 07054
Marcia A Dall	officer: EVP, and Chief Financial Offic	600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Austin W. Miller	officer: SVP, Gaming Operations	600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Douglas C Grissom	director	THREE FIRST NATIONAL PLAZA STE 3800, CHICAGO IL 60602
William E Mudd	officer: President and COO	700 CENTRAL AVENUE, LOUISVILLE KY 40208
Daniel P Harrington	director	700 CENTRAL AVE, LOUISVILLE KY 40208
Richard L Duchossois	director, 10 percent owner
Robert L Evans	director, officer: President and CEO	TENLANE FARM, 825 STEELE ROAD, VESAILLES KY 40383