Churchill Downs (FRA:CHR) Effective Interest Rate on Debt % : 5.81% (As of Mar. 2025)

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What is Churchill Downs Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Churchill Downs's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was €268 Mil. Churchill Downs's average total debt for the quarter that ended in Mar. 2025 was €4,607 Mil. Therefore, Churchill Downs's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 5.81%.

Churchill Downs Effective Interest Rate on Debt % Historical Data

The historical data trend for Churchill Downs's Effective Interest Rate on 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.

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Churchill Downs Effective Interest Rate on Debt % Chart

Churchill Downs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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4.94

4.88

4.57

5.60

6.06

Churchill Downs Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.77	6.04	5.94	6.15	5.81

Competitive Comparison of Churchill Downs's Effective Interest Rate on Debt %

For the Gambling subindustry, Churchill Downs's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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.

Churchill Downs's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Churchill Downs's Effective Interest Rate on Debt % falls into.

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Churchill Downs Effective Interest Rate on Debt % Calculation

Churchill Downs's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -276.759	/	( (4442.04	+	4694.685)	/ 2 )
=	-1 * -276.759	/	4568.3625
=	6.06 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4372.531	+	69.509
=	4442.04

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4626.116	+	68.569
=	4694.685

Churchill Downs's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -267.508	/	( (4694.685	+	4519.179)	/ 2 )
=	-1 * -267.508	/	4606.932
=	5.81 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4626.116	+	68.569
=	4694.685

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4452.857	+	66.322
=	4519.179

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Churchill Downs (FRA:CHR) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Churchill Downs Effective Interest Rate on Debt % Related Terms

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Churchill Downs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Churchill Downs Inc (FRA:CHR) » Definitions » Effective Interest Rate on Debt %

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.