Churchill Downs Incorporated (CHDN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,083,600K
= 0.00
Churchill Downs Incorporated has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations significantly, relying more on equity financing. A debt-to-equity ratio of 0.00 implies that the company's financial structure is skewed towards equity, suggesting a lower risk of financial distress due to debt obligations. This stable and low debt level may indicate a conservative financial strategy focused on minimizing financial leverage and potential risks associated with high debt levels. It also demonstrates a strong financial position and ability to fund its growth and operations through equity and internally generated funds.