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DraftKings (DraftKings) Total Current Liabilities : $1,550 Mil (As of Dec. 2023)


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What is DraftKings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. DraftKings's total current liabilities for the quarter that ended in Dec. 2023 was $1,550

DraftKings Total Current Liabilities Historical Data

The historical data trend for DraftKings's Total Current Liabilities 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.

* Premium members only.

DraftKings Total Current Liabilities Chart

DraftKings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 255.08 554.41 929.43 1,246.46 1,549.62

DraftKings Quarterly Data
Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,246.46 1,231.89 1,077.24 1,528.46 1,549.62

DraftKings Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

DraftKings's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=501.135+11.499
+Other Current Liabilities+Current Deferred Liabilities
=993.352+43.634
=1,550

DraftKings's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=501.135+11.499
+Other Current Liabilities+Current Deferred Liabilities
=993.352+43.634
=1,550

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

DraftKings Total Current Liabilities Related Terms

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DraftKings (DraftKings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (NAS:DKNG) » Definitions » Total Current Liabilities
Comparable Companies
CHDN LNW IGT SGHC EVRI NGMS ACEL GAMB AGS INSE DUB:FLTR OSTO:EVO ASX:ALL LSE:ENT ASX:TLC XPAR:FDJ ATH:OPAP MIL:LTMC TSE:6417 OSTO:KIND SDB
Traded in Other Exchanges
DKNG:Mexico 8DEA:Germany D2KN34:Brazil
Address
222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116
Website
https://www.draftkings.com
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
Executives
Jason Robins director, officer: See Remarks 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Matthew Kalish director, officer: See Remarks 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Paul Liberman director, officer: See Remarks 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
R Stanton Dodge officer: Chief Legal Officer ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Jason Park officer: Chief Financial Officer 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Erik Bradbury officer: Chief Accounting Officer 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marni M Walden director 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Shalom Meckenzie director 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Ryan R Moore director 56 WAREHAM STREET, 3RD FLOOR, BOSTON MA 02118
Jocelyn Moore director 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Steven Joseph Murray director C/O SOFTBANK CAPITAL, 38 GLEN AVENUE, NEWTON MA 02459
Woodrow Levin director 535 MISSION STREET, 11TH FLOOR, SAN FRANSISCO CA 941105
Harry Sloan director 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Valerie Mosley director TWO INTERNATIONAL PLACE, BOSTON MA 02110
Hany M Nada director 800 MARKET STREET #800 SAN FRANCISCO CA 94102