Churchill Net Debt vs Total Assets Analysis

CHDN Stock

USD 122.11 0.98 0.80%

Churchill Downs financial indicator trend analysis is way more than just evaluating Churchill Downs prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Churchill Downs is a good investment. Please check the relationship between Churchill Downs Net Debt and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Churchill Downs Net Debt account and Total Assets. At this time, the significance of the direction appears to have totally related.

The correlation between Churchill Downs' Net Debt and Total Assets is 0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Churchill Downs Incorporated, assuming nothing else is changed. The correlation between historical values of Churchill Downs' Net Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Churchill Downs Incorporated are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Churchill Downs' Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of Churchill Downs assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Churchill Downs books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Churchill Downs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Churchill Downs current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

At this time, Churchill Downs' Selling General Administrative is very stable compared to the past year. As of the 18th of February 2025, Tax Provision is likely to grow to about 174.5 M, though Discontinued Operations is likely to grow to (104.2 M).

	2022	2023	2024	2025 (projected)
Gross Profit	566.4M	795.7M	915.1M	960.8M
Total Revenue	1.8B	2.5B	2.8B	3.0B

Gross Profit Total Revenue

Churchill Downs fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Inventory	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.88	0.91	0.71	0.99	0.99	0.89	0.97	0.6	1.0	-0.03	0.6	0.84	-0.15	0.99	0.94	-0.34	1.0	0.98	0.84	0.29	0.74	0.98	-0.52	-0.51
Short Long Term Debt Total	0.99		0.85	0.86	0.63	0.98	1.0	0.84	0.97	0.62	0.99	-0.04	0.62	0.79	-0.25	1.0	0.95	-0.36	1.0	0.99	0.82	0.28	0.72	0.98	-0.57	-0.57
Other Current Liab	0.88	0.85		0.95	0.63	0.84	0.85	0.82	0.81	0.53	0.88	0.1	0.53	0.81	-0.03	0.86	0.88	-0.3	0.88	0.82	0.79	0.16	0.68	0.81	-0.57	-0.57
Total Current Liabilities	0.91	0.86	0.95		0.77	0.87	0.86	0.89	0.87	0.51	0.9	0.06	0.51	0.85	0.11	0.86	0.88	-0.24	0.89	0.85	0.79	0.41	0.7	0.86	-0.42	-0.41
Total Stockholder Equity	0.71	0.63	0.63	0.77		0.71	0.64	0.9	0.72	0.2	0.71	0.06	0.2	0.73	0.5	0.63	0.56	0.07	0.66	0.66	0.55	0.42	0.65	0.69	0.05	0.06
Property Plant And Equipment Net	0.99	0.98	0.84	0.87	0.71		0.98	0.88	0.98	0.6	0.99	-0.1	0.6	0.79	-0.17	0.98	0.93	-0.33	0.98	0.99	0.81	0.34	0.72	0.97	-0.5	-0.49
Net Debt	0.99	1.0	0.85	0.86	0.64	0.98		0.84	0.97	0.6	0.99	-0.04	0.6	0.78	-0.25	1.0	0.94	-0.35	1.0	0.99	0.81	0.29	0.72	0.98	-0.57	-0.56
Retained Earnings	0.89	0.84	0.82	0.89	0.9	0.88	0.84		0.86	0.42	0.89	0.13	0.42	0.81	0.15	0.84	0.77	-0.1	0.86	0.84	0.73	0.31	0.76	0.84	-0.39	-0.38
Accounts Payable	0.97	0.97	0.81	0.87	0.72	0.98	0.97	0.86		0.6	0.97	-0.06	0.6	0.81	-0.11	0.97	0.93	-0.27	0.97	0.98	0.82	0.41	0.77	0.96	-0.44	-0.43
Cash	0.6	0.62	0.53	0.51	0.2	0.6	0.6	0.42	0.6		0.58	-0.1	1.0	0.61	-0.23	0.63	0.71	-0.41	0.63	0.66	0.89	0.04	0.49	0.51	-0.55	-0.55
Non Current Assets Total	1.0	0.99	0.88	0.9	0.71	0.99	0.99	0.89	0.97	0.58		-0.03	0.58	0.83	-0.15	0.99	0.94	-0.34	1.0	0.98	0.82	0.3	0.73	0.98	-0.51	-0.51
Non Currrent Assets Other	-0.03	-0.04	0.1	0.06	0.06	-0.1	-0.04	0.13	-0.06	-0.1	-0.03		-0.1	0.09	0.13	-0.05	-0.13	0.76	-0.04	-0.09	0.05	-0.09	0.51	-0.11	-0.21	-0.21
Cash And Short Term Investments	0.6	0.62	0.53	0.51	0.2	0.6	0.6	0.42	0.6	1.0	0.58	-0.1		0.61	-0.23	0.63	0.71	-0.41	0.63	0.66	0.89	0.04	0.49	0.51	-0.55	-0.55
Net Receivables	0.84	0.79	0.81	0.85	0.73	0.79	0.78	0.81	0.81	0.61	0.83	0.09	0.61		0.19	0.8	0.85	-0.23	0.82	0.79	0.89	0.18	0.75	0.75	-0.32	-0.31
Common Stock Shares Outstanding	-0.15	-0.25	-0.03	0.11	0.5	-0.17	-0.25	0.15	-0.11	-0.23	-0.15	0.13	-0.23	0.19		-0.24	-0.22	0.43	-0.21	-0.21	-0.04	0.18	0.14	-0.18	0.65	0.65
Non Current Liabilities Total	0.99	1.0	0.86	0.86	0.63	0.98	1.0	0.84	0.97	0.63	0.99	-0.05	0.63	0.8	-0.24		0.95	-0.38	1.0	0.98	0.83	0.25	0.72	0.97	-0.57	-0.56
Other Current Assets	0.94	0.95	0.88	0.88	0.56	0.93	0.94	0.77	0.93	0.71	0.94	-0.13	0.71	0.85	-0.22	0.95		-0.46	0.95	0.95	0.88	0.25	0.65	0.9	-0.57	-0.56
Other Stockholder Equity	-0.34	-0.36	-0.3	-0.24	0.07	-0.33	-0.35	-0.1	-0.27	-0.41	-0.34	0.76	-0.41	-0.23	0.43	-0.38	-0.46		-0.37	-0.35	-0.31	0.1	0.28	-0.37	0.34	0.34
Total Liab	1.0	1.0	0.88	0.89	0.66	0.98	1.0	0.86	0.97	0.63	1.0	-0.04	0.63	0.82	-0.21	1.0	0.95	-0.37		0.98	0.84	0.27	0.72	0.97	-0.56	-0.55
Property Plant And Equipment Gross	0.98	0.99	0.82	0.85	0.66	0.99	0.99	0.84	0.98	0.66	0.98	-0.09	0.66	0.79	-0.21	0.98	0.95	-0.35	0.98		0.84	0.34	0.72	0.97	-0.5	-0.5
Total Current Assets	0.84	0.82	0.79	0.79	0.55	0.81	0.81	0.73	0.82	0.89	0.82	0.05	0.89	0.89	-0.04	0.83	0.88	-0.31	0.84	0.84		0.15	0.75	0.73	-0.54	-0.53
Short Term Debt	0.29	0.28	0.16	0.41	0.42	0.34	0.29	0.31	0.41	0.04	0.3	-0.09	0.04	0.18	0.18	0.25	0.25	0.1	0.27	0.34	0.15		0.24	0.34	0.19	0.2
Inventory	0.74	0.72	0.68	0.7	0.65	0.72	0.72	0.76	0.77	0.49	0.73	0.51	0.49	0.75	0.14	0.72	0.65	0.28	0.72	0.72	0.75	0.24		0.64	-0.4	-0.4
Intangible Assets	0.98	0.98	0.81	0.86	0.69	0.97	0.98	0.84	0.96	0.51	0.98	-0.11	0.51	0.75	-0.18	0.97	0.9	-0.37	0.97	0.97	0.73	0.34	0.64		-0.43	-0.43
Common Stock Total Equity	-0.52	-0.57	-0.57	-0.42	0.05	-0.5	-0.57	-0.39	-0.44	-0.55	-0.51	-0.21	-0.55	-0.32	0.65	-0.57	-0.57	0.34	-0.56	-0.5	-0.54	0.19	-0.4	-0.43		1.0
Common Stock	-0.51	-0.57	-0.57	-0.41	0.06	-0.49	-0.56	-0.38	-0.43	-0.55	-0.51	-0.21	-0.55	-0.31	0.65	-0.56	-0.56	0.34	-0.55	-0.5	-0.53	0.2	-0.4	-0.43	1.0

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Churchill Downs Account Relationship Matchups

Churchill Downs fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.7B	3.0B	6.2B	7.0B	8.0B	8.4B
Short Long Term Debt Total	1.6B	2.0B	4.6B	4.8B	5.6B	5.8B
Other Current Liab	349.5M	257.8M	388M	456.1M	524.5M	550.7M
Total Current Liabilities	424.2M	395M	621.6M	755.8M	869.2M	912.6M
Total Stockholder Equity	367.1M	306.8M	551.5M	893.6M	1.0B	1.1B
Property Plant And Equipment Net	1.1B	994.9M	2.0B	2.6B	2.9B	3.1B
Net Debt	1.6B	1.7B	4.5B	4.7B	5.4B	5.7B
Retained Earnings	349.8M	307.7M	552.4M	894.5M	1.0B	1.1B
Accounts Payable	70.7M	81.6M	145.5M	158.5M	182.3M	191.4M
Cash	67.4M	291.3M	129.8M	144.5M	166.2M	174.5M
Non Current Assets Total	2.5B	2.5B	5.9B	6.6B	7.5B	7.9B
Non Currrent Assets Other	(39.6M)	74.2M	54.8M	19.3M	22.2M	38.6M
Cash And Short Term Investments	67.4M	291.3M	129.8M	144.5M	166.2M	174.5M
Net Receivables	85.9M	108.3M	95.5M	119.5M	137.4M	144.3M
Common Stock Shares Outstanding	79.2M	78.4M	77M	76.1M	87.5M	86.0M
Liabilities And Stockholders Equity	2.7B	3.0B	6.2B	7.0B	8.0B	8.4B
Non Current Liabilities Total	1.9B	2.3B	5.0B	5.3B	6.1B	6.4B
Other Current Assets	81.8M	101.9M	119.2M	136.8M	157.3M	165.2M
Total Liab	2.3B	2.7B	5.7B	6.1B	7.0B	7.3B
Property Plant And Equipment Gross	1.1B	1.7B	2.8B	3.5B	4.1B	4.3B
Total Current Assets	235.1M	501.5M	344.5M	400.8M	460.9M	484.0M
Inventory	53.6M	64.3M	74.9M	77.3M	88.9M	93.3M
Intangible Assets	350.6M	348.1M	2.4B	2.4B	2.8B	2.9B
Other Liab	247.7M	276.8M	286.5M	433.8M	498.9M	523.8M
Long Term Debt	1.1B	1.3B	2.5B	4.8B	5.5B	5.8B
Property Plant Equipment	912.5M	1.1B	994.9M	2.0B	2.3B	2.4B
Current Deferred Revenue	32.8M	47.7M	39M	73.2M	84.2M	62.5M
Other Assets	21.1M	653M	106.7M	109M	125.4M	146.6M
Net Tangible Assets	(228.6M)	(350.3M)	(408.1M)	(2.6B)	(2.3B)	(2.2B)
Retained Earnings Total Equity	509.2M	349.8M	307.7M	552.4M	635.3M	496.9M
Long Term Debt Total	1.1B	1.1B	1.3B	2.5B	2.8B	3.0B
Deferred Long Term Liab	212.8M	213.9M	252.9M	340.8M	391.9M	411.5M
Non Current Liabilities Other	593.4M	734.5M	2.2B	137.8M	158.5M	150.5M

When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:

How To Invest In Churchill

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Is Churchill Stock a good investment?

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What is Churchill Downs' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.089

Dividend Share

0.382

Earnings Share

5.53

Revenue Per Share

35.989

Quarterly Revenue Growth

0.098

The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Churchill Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

Churchill Downs fundamental ratios Correlations

Churchill Downs Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Churchill Downs fundamental ratios Accounts

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt

Common Stock Total Equity	- 0.57	Other Current Assets
Common Stock Total Equity	- 0.57	Non Current Liabilities Total
Common Stock Total Equity	- 0.57	Net Debt
Common Stock	- 0.57	Other Current Liab
Common Stock Total Equity	- 0.57	Other Current Liab
Common Stock	- 0.57	Short Long Term Debt Total