Churchill Downs Incorporated (CHDN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,275,900 | 6,955,500 | 6,206,800 | 2,981,600 | 2,686,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,275,900K
= 0.00
The debt-to-assets ratio of Churchill Downs Incorporated has consistently been 0.00 over the years from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has a low risk of financial distress due to debt obligations and may be relying more on equity to fund its operations and investments. It also indicates strong financial stability and sound financial management. However, it is essential to assess the overall financial health of the company by considering other financial ratios and performance metrics in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of its financial position.