Churchill Downs Balance Sheet
NASDAQ: CHDNConsumer DiscretionaryServices-Misc. Amusement & RecreationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Churchill Downs financial position
At the end of fiscal 2025, Churchill Downs reported total assets of $7.49 billion, up 2.9% from a year earlier against total liabilities of $6.43 billion. Shareholders' equity stood at $1.01 billion, or 13.5% of assets. The company held $201.0 million in cash and equivalents against $5.13 billion of debt, a net debt position of $4.93 billion.
The current ratio (current assets divided by current liabilities) was 0.60, meaning short-term obligations exceed short-term assets. Debt-to-equity was 5.08.
Summary generated from market data by MetaCap's automated system. Methodology
Churchill Downs balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 201.00M | 175.50M | 144.50M | 129.80M | 291.30M | 67.40M | 96.20M | 133.30M | 51.70M | 83.00M |
| Receivables | 93.00M | 98.70M | 106.90M | 81.50M | 42.30M | 36.50M | 37.30M | 28.80M | 49.60M | 56.60M |
| Inventory | 12.00M | 11.60M | 17.20M | — | — | — | — | — | — | — |
| Total Current Assets | 443.00M | 412.30M | 400.80M | 344.50M | 501.50M | 235.10M | 221.20M | 241.50M | 256.10M | 246.00M |
| Property, Plant & Equipment | 2.92B | 2.85B | 2.54B | 1.95B | 968.40M | 1.06B | 912.50M | 757.50M | 608.00M | 560.60M |
| Goodwill | 900.00M | 900.20M | 899.90M | 723.80M | 366.80M | 366.80M | 367.10M | 338.00M | 317.60M | 301.50M |
| Intangible Assets | 2.52B | 2.41B | 2.42B | 2.39B | 348.10M | 350.60M | 369.80M | 264.00M | 169.40M | 174.00M |
| Total Assets | 7.49B | 7.28B | 6.96B | 6.21B | 2.98B | 2.98B | 2.55B | 1.73B | 2.36B | 2.25B |
| Accounts Payable | 184.00M | 180.30M | 158.50M | 145.50M | 81.60M | 70.70M | 57.80M | 47.00M | 54.10M | 49.50M |
| Short-Term Debt | 63.00M | 63.10M | 68.00M | 47.00M | 7.00M | 4.00M | 4.00M | 4.00M | 4.00M | 14.20M |
| Total Current Liabilities | 733.00M | 729.30M | 755.80M | 621.60M | 395.00M | 424.20M | 301.20M | 256.60M | 453.20M | 468.10M |
| Long-Term Debt | 5.07B | 4.84B | 4.77B | 4.56B | 1.96B | 1.62B | 1.47B | 880.30M | 1.13B | 907.50M |
| Total Liabilities | 6.43B | 6.17B | 6.06B | 5.66B | 2.67B | 2.32B | 2.04B | 1.25B | 1.72B | 1.57B |
| Shareholders' Equity | 1.01B | 1.08B | 893.60M | 551.50M | 306.80M | 367.10M | 508.30M | 473.30M | 640.30M | 685.00M |
| Retained Earnings | 1.01B | 1.08B | 894.50M | 552.40M | 307.70M | 349.80M | 509.20M | 474.20M | 634.30M | 569.70M |
| Total Debt | 5.13B | 4.91B | 4.84B | 4.61B | 1.97B | 1.62B | 1.47B | 884.30M | 1.13B | 921.70M |
| Net Cash (Debt) | -4.93B | -4.73B | -4.69B | -4.48B | -1.68B | -1.55B | -1.38B | -751.00M | -1.08B | -838.70M |
| Shares Outstanding | 69.60M | 73.50M | 74.50M | 74.80M | 38.10M | 39.50M | 39.70M | 40.40M | 46.20M | 16.50M |
This table shows 10 annual periods of Churchill Downs's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow CHDN's reporting calendar. What is a balance sheet?