Flutter Entertainment (Flutter Entertainment) Debt-to-Equity : 0.75 (As of Dec. 2023)

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What is Flutter Entertainment Debt-to-Equity?

Flutter Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $174 Mil. Flutter Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,359 Mil. Flutter Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10,044 Mil. Flutter Entertainment's debt to equity for the quarter that ended in Dec. 2023 was 0.75.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FLUT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.3 Max: 2.79
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Flutter Entertainment was 2.79. The lowest was 0.01. And the median was 0.30.

FLUT's Debt-to-Equity is ranked worse than
61.83% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs FLUT: 0.75

Flutter Entertainment Debt-to-Equity Historical Data

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

Flutter Entertainment Debt-to-Equity Chart

Flutter Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.30

0.37

0.66

0.75

Flutter Entertainment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.37	0.42	0.66	0.57	0.75

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

For the Gambling subindustry, Flutter Entertainment's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Flutter Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flutter Entertainment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(174	+	7359)	/	10044
	=	0.75

Flutter Entertainment's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(174	+	7359)	/	10044
	=	0.75

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Flutter Entertainment Debt-to-Equity Related Terms

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

Flutter Entertainment (Flutter Entertainment) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PDYPY:USA FLTR:Ireland FLTRl:UK FLTR:UK PPB:Germany

Address

Beech Hill Road, Belfield Office Park, Clonskeagh, Dublin, IRL, 4

Website

https://www.flutter.com

Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. The company's segments include PBB Online, which provides betting apps in over 100 countries as well as business-to-business risk and trading services; Australia, which consists of the Sportsbet Australian brand for betting on national sporting events; U.S., which includes betting apps, retail-only betting, and daily fantasy sports; and PBB Retail, which includes betting shops in the U.K. and Ireland and an accompanying app. PBB Online makes up the largest revenue segment.