Churchill Downs (BSP:C2HD34) Debt-to-Equity : 4.56 (As of Mar. 2025)

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What is Churchill Downs Debt-to-Equity?

Churchill Downs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was R$413 Mil. Churchill Downs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was R$27,719 Mil. Churchill Downs's Total Stockholders Equity for the quarter that ended in Mar. 2025 was R$6,171 Mil. Churchill Downs's debt to equity for the quarter that ended in Mar. 2025 was 4.56.

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 Churchill Downs's Debt-to-Equity or its related term are showing as below:

BSP:C2HD34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 4.41 Max: 9.75
Current: 4.56

During the past 13 years, the highest Debt-to-Equity Ratio of Churchill Downs was 9.75. The lowest was 0.77. And the median was 4.41.

BSP:C2HD34's Debt-to-Equity is ranked worse than
94.47% of 687 companies
in the Travel & Leisure industry
Industry Median: 0.43 vs BSP:C2HD34: 4.56

Churchill Downs Debt-to-Equity Historical Data

The historical data trend for Churchill Downs'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.

Churchill Downs Debt-to-Equity Chart

Churchill Downs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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4.42

6.42

8.35

5.42

4.54

Churchill Downs Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															5.96	4.71	4.41	4.54	4.56

Competitive Comparison of Churchill Downs's Debt-to-Equity

For the Gambling subindustry, Churchill Downs'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.

Churchill Downs's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

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Churchill Downs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Churchill Downs's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
	=	(438.052	+	29553.854)	/	6611.044
	=	4.54

Churchill Downs's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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
	=	(412.856	+	27718.918)	/	6170.956
	=	4.56

Churchill Downs (BSP:C2HD34) 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.

Churchill Downs Debt-to-Equity Related Terms

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

Churchill Downs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Churchill Downs Inc (BSP:C2HD34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHDN:USA CHR:Germany

Address

600 North Hurstbourne Parkway, Suite 400, Louisville, KY, USA, 40222

Website

https://www.churchilldownsincorporated.com

Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.

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