Churchill Downs Incorporated (CHDN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,083,600 | 893,600 | 551,500 | 306,800 | 367,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,083,600K)
= 0.00
The debt-to-capital ratio of Churchill Downs Incorporated remained consistently low and at 0.00 throughout the years 2020 to 2024. This indicates that the company has not relied heavily on debt financing in relation to its capital structure during this period. A low debt-to-capital ratio suggests a lower financial risk and potentially signifies solid financial health and stability for Churchill Downs Incorporated.