Churchill Downs Incorporated (CHDN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,275,900 | 7,172,500 | 7,170,100 | 7,066,800 | 6,955,500 | 6,750,500 | 6,578,600 | 6,273,500 | 6,206,800 | 4,674,100 | 4,619,600 | 3,036,900 | 2,981,600 | 2,973,500 | 2,970,600 | 2,787,100 | 2,686,400 | 3,263,000 | 3,216,000 | 3,203,800 |
| 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 |
| Financial leverage ratio | 6.71 | 6.54 | 6.96 | 8.55 | 7.78 | 7.60 | 7.71 | 8.91 | 11.25 | 7.63 | 7.66 | 9.56 | 9.72 | 8.78 | 9.36 | 13.78 | 7.32 | 8.77 | 10.05 | 7.40 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,275,900K ÷ $1,083,600K
= 6.71
The financial leverage ratio of Churchill Downs Incorporated has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 7.40 on March 31, 2020, increased to 13.78 by March 31, 2021, indicating a significant increase in financial leverage.
Subsequently, the ratio decreased to 6.96 by June 30, 2024, reflecting a reduction in financial leverage. Notably, the ratio fluctuated within the range of 6.54 to 13.78 over the period under consideration, with the lowest level observed on September 30, 2024, at 6.54, and the highest on March 31, 2021, at 13.78.
Overall, the financial leverage ratio of Churchill Downs Incorporated has shown variability, potentially implying changes in the company's capital structure and debt levels during the period. The company may have adjusted its borrowing and financing activities to manage its leverage position in response to changing business conditions and financial performance.