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DraftKings (DraftKings) Cash per Share : $2.69 (As of Dec. 2023)


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What is DraftKings Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). DraftKings's Cash per Share for the quarter that ended in Dec. 2023 was $2.69.

DraftKings Cash per Share Historical Data

The historical data trend for DraftKings's Cash per Share 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 Cash per Share Chart

DraftKings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash per Share
Get a 7-Day Free Trial 0.25 4.59 5.28 2.91 2.69

DraftKings Quarterly Data
Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash per Share 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 2.91 2.36 2.40 2.39 2.69

DraftKings Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

DraftKings's Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Cash per Share= Cash, Cash Equivalents, Marketable Securities /Shares Outstanding (EOP)
=1270.503/473
=2.69

DraftKings's Cash per Share for the quarter that ended in Dec. 2023 is calculated as:

Cash per Share= Cash, Cash Equivalents, Marketable Securities /Shares Outstanding (EOP)
=1270.503/473
=2.69

* 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.

DraftKings  (NAS:DKNG) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

DraftKings Cash per Share Related Terms

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DraftKings (DraftKings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (NAS:DKNG) » Definitions » Cash per Share
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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