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Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in Earnings Before Interest and Taxes (EBIT). Canterbury Park Holding's Degree of Financial Leverage for the quarter that ended in Dec. 2023 was -0.72. The higher Degree of Financial Leverage, the more volatile earnings will be.
The industry rank for Canterbury Park Holding's Degree of Financial Leverage or its related term are showing as below:
The historical data trend for Canterbury Park Holding's Degree of Financial Leverage 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.
Canterbury Park Holding Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Degree of Financial Leverage | Get a 7-Day Free Trial | 1.69 | 0.42 | -0.86 | 1.00 | -0.72 |
Canterbury Park Holding Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Degree of Financial Leverage | Get a 7-Day Free Trial | 1.00 | 0.77 | 0.14 | 0.32 | -0.72 |
For the Gambling subindustry, Canterbury Park Holding's Degree of Financial Leverage, along with its competitors' market caps and Degree of Financial Leverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Degree of Financial Leverage distribution charts can be found below:
* The bar in red indicates where Canterbury Park Holding's Degree of Financial Leverage falls into.
Canterbury Park Holding's Degree of Financial Leverage for the quarter that ended in Dec. 2023 is calculated as:
Degree of Financial Leverage | = | % Change in Earnings per Share (Diluted)** | / | % Change in EBIT |
= | ( 2.13 (Dec. 2023) / 1.54 (Dec. 2022) - 1 ) | / | ( 5.168 (Dec. 2023) / 11.038 (Dec. 2022) - 1 ) | |
= | 0.3831 | / | -0.5318 | |
= | -0.72*** |
* 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.
** TTM data of EPS and EBIT was used to calculate Degree of Financial Leverage.
*** Please be aware that the Degree of Financial Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Canterbury Park Holding (NAS:CPHC) Degree of Financial Leverage Explanation
Degree of Financial Leverage (DFL) is a leverage ratio that measures the sensitivity of a company’s Earnings per Share (EPS) to fluctuations in its operating income, also referred to as Earnings Before Interest and Taxes (EBIT), resulting from adjustments in its capital structure. DFL is an essential tool for companies to assess the appropriate level of debt or financial leverage in their capital structure. When EBIT remains relatively stable, it results in stable earnings and earnings per share. In such cases, the company may consider taking on substantial debt. However, for companies operating in industries with significant fluctuations in EBIT, it is advisable to keep debt at a manageable level.
The higher Degree of Financial Leverage, the more volatile earnings will be. Because interest is a fixed expense, leverage can amplify earnings and EPS. This is beneficial when EBIT is growing, but it can become problematic in tough economic conditions when EBIT is under pressure.
Be Aware
The use of financial leverage varies across different industries and business sectors, and the application of Degree of Financial Leverage (DFL) should be adjusted accordingly.
Thank you for viewing the detailed overview of Canterbury Park Holding's Degree of Financial Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Damon E. Schramm | director | C/O EVINE LIVE INC., 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 553444 |
Peter Ahn | director | 1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379 |
Sampson Family Real Estate Holdings, Llc | 10 percent owner | 930 LAKE SUSAN HILLS DR., CHANHASSEN MN 55317 |
Mark Chronister | director | 1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379 |
Maureen Hooley Bausch | director | 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379 |
John Stefan Himle | director | 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379 |
Randy James Dehmer | officer: CFO/Vice President of Finance | 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379 |
Dale H Schenian | director | |
Burton F Dahlberg | director | 1100 CANTERBURY ROAD, SHAKOPEE MN 55379 |
Robert Wolf | officer: VP of Finance | 1100 CANTERBURY RD., SHAKOPEE MN 55379 |
Daniel J. Kennedy | officer: Senior VP of Operations | 1100 CANTERBURY ROAD, SHAKOPEE MN 55379 |
Carin J Offerman | director | 1100 CANTERBURY ROAD, SHAKOPEE MN 55379 |
Curtis A Sampson | director | PO BOX 777, S MAIN ST, HECTOR MN 55342 |
Michael Hochman | officer: Vice President - Card Casino | 1100 CANTERBURY ROAD, SHAKOPEE MN 55379 |
Randall D Sampson | director, 10 percent owner, officer: President, CEO & General Mgr | 1100 CANTERBURY ROAD, SHAKOPEE MN 55379 |
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