Churchill Downs Incorporated (CHDN)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,083,600 | 1,097,000 | 1,030,900 | 826,900 | 893,600 | 888,700 | 853,800 | 704,200 | 551,500 | 612,700 | 602,900 | 317,800 | 306,800 | 338,800 | 317,400 | 202,200 | 367,100 | 372,200 | 320,100 | 433,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-equity ratio for Churchill Downs Incorporated has been consistently reported as 0.00 across multiple quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not had any long-term debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company's operations are primarily funded by equity, which can imply lower financial risk and potentially greater financial stability. It is important to note, however, that a low debt-to-equity ratio may also indicate missed opportunities for leveraging debt for potential growth or expansion. Overall, Churchill Downs Incorporated's consistent 0.00 debt-to-equity ratio reflects a capital structure that is heavily reliant on equity financing.