Churchill Downs (STU:CHR) Debt-to-Equity : 5.96 (As of Mar. 2024)

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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. 2024 was €63 Mil. Churchill Downs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €4,470 Mil. Churchill Downs's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €761 Mil. Churchill Downs's debt to equity for the quarter that ended in Mar. 2024 was 5.96.

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:

STU:CHR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 2.67 Max: 9.75
Current: 5.96

During the past 13 years, the highest Debt-to-Equity Ratio of Churchill Downs was 9.75. The lowest was 0.53. And the median was 2.67.

STU:CHR's Debt-to-Equity is ranked worse than
94.65% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs STU:CHR: 5.96

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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.90

4.42

6.42

8.35

5.41

Churchill Downs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															6.28	5.41	5.31	5.41	5.96

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.

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. 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
	=	(62.356	+	4372.531)	/	819.431
	=	5.41

Churchill Downs's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(62.56	+	4470.188)	/	760.748
	=	5.96

Churchill Downs (STU:CHR) 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

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Churchill Downs (STU:CHR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CHDN:USA C2HD34:Brazil

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, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The company generates more than half of its revenue from the Gaming segment includes revenue from casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.