FLUT (Flutter Entertainment) Cash-to-Debt : 0.49 (As of Dec. 2024)

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What is Flutter Entertainment Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Flutter Entertainment's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.49.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Flutter Entertainment couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Flutter Entertainment's Cash-to-Debt or its related term are showing as below:

FLUT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.45 Max: 4.93
Current: 0.49

During the past 13 years, Flutter Entertainment's highest Cash to Debt Ratio was 4.93. The lowest was 0.20. And the median was 0.45.

FLUT's Cash-to-Debt is ranked worse than
52.23% of 806 companies
in the Travel & Leisure industry
Industry Median: 0.56 vs FLUT: 0.49

Flutter Entertainment Cash-to-Debt Historical Data

The historical data trend for Flutter Entertainment's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Flutter Entertainment Cash-to-Debt Chart

Flutter Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.21

0.27

0.43

0.45

0.49

Flutter Entertainment Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.45	0.45	0.46	0.47	0.49

Competitive Comparison of Flutter Entertainment's Cash-to-Debt

For the Gambling subindustry, Flutter Entertainment's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Flutter Entertainment's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flutter Entertainment's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Flutter Entertainment's Cash-to-Debt falls into.

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Flutter Entertainment Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Flutter Entertainment's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3591	/	(172	+	7111)
	=	0.49

Flutter Entertainment's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3591	/	(172	+	7111)
	=	0.49

Flutter Entertainment (NYSE:FLUT) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Flutter Entertainment Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Flutter Entertainment's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Flutter Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flutter Entertainment PLC (NYSE:FLUT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FLTRl:UK FLTR:UK PPB:Germany PPB:Germany PPB:Germany

Address

300 Park Avenue South, New York, NY, USA, 10010

Website

https://www.flutter.com

In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the US, UK and Ireland, Australia, and many other countries. Some of its main brands are FanDuel in the US, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2024, the company offered products in over 100 countries and had 13.9 million average monthly users. In 2024, sports betting was 56% of revenue, online gaming 40%, and fantasy sports, horse racing, and other 4%.