Growth Metrics

Churchill Downs (CHDN) Debt Ratio (2010 - 2026)

Churchill Downs' quarterly Debt Ratio came in at 0.25 in Q1 2026, down 42.3% year-on-year from 0.43 in Q1 2025, and down 41.28% quarter-over-quarter from 0.42 in Q4 2025.

Churchill Downs has reported Debt Ratio for 17 years, with the latest figure at 0.25 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 42.3% year-over-year to 0.25; the trailing twelve-month figure through Mar 2026 stood at 0.25 (down 42.3% YoY), and the FY2025 full-year result was 0.42, down 2.65% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.25, down from 0.42 in the prior quarter.
  • The five-year high for Debt Ratio was 0.54 in Q2 2022, with the low at 0.22 in Q1 2022.
  • Average Debt Ratio over 5 years is 0.38, with a median of 0.42 recorded in 2025.
  • Year-over-year, Debt Ratio slumped 56.37% in 2023 and jumped 85.9% in 2024.
  • Tracing CHDN's Debt Ratio over 5 years: stood at 0.34 in 2022, then fell by 26.0% to 0.25 in 2023, then jumped by 70.02% to 0.43 in 2024, then dropped by 2.65% to 0.42 in 2025, then slumped by 41.28% to 0.25 in 2026.
  • The last three Debt Ratio figures came in at 0.25 (Q1 2026), 0.42 (Q4 2025), and 0.42 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Flutter Entertainment 18.39 Bn 17.30 Bn 1.84 Bn 0.42
2 DraftKings 13.23 Bn 12.22 Bn 696.69 Mn 0.13
3 Churchill Downs 6.28 Bn 6.13 Bn 475.00 Mn 0.25
4 Rush Street Interactive 2.60 Bn 2.43 Bn 132.17 Mn -
5 Brightstar Lottery 2.28 Bn 2.94 Bn - 0.46
6 Accel Entertainment 1.01 Bn 735.58 Mn 109.94 Mn 0.52
7 Codere Online Luxembourg 490.38 Mn 420.96 Mn - 0.02
8 Bragg Gaming 269.74 Mn 261.99 Mn 18.22 Mn 0.04
9 Inspired Entertainment 233.43 Mn 189.93 Mn 54.60 Mn 0.77
10 High Roller Technologies 45.23 Mn 42.56 Mn - -

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 0.25
Dec 31, 2025 0.42
Sep 30, 2025 0.42
Jun 30, 2025 0.43
Mar 31, 2025 0.43
Dec 31, 2024 0.43
Sep 30, 2024 0.44
Jun 30, 2024 0.44
Mar 31, 2024 0.44
Dec 31, 2023 0.25
Sep 30, 2023 0.24
Jun 30, 2023 0.24
Mar 31, 2023 0.41
Dec 31, 2022 0.34
Sep 30, 2022 0.53
Jun 30, 2022 0.54
Mar 31, 2022 0.22
Dec 31, 2021 0.23
Sep 30, 2021 0.44
Jun 30, 2021 0.44
Mar 31, 2021 0.47
Dec 31, 2020 0.18
Sep 30, 2020 0.33
Jun 30, 2020 0.34
Mar 31, 2020 0.34
Dec 31, 2019 0.43
Sep 30, 2019 0.43
Jun 30, 2019 0.42
Mar 31, 2019 0.16
Dec 31, 2018 0.29
Sep 30, 2018 0.29
Jun 30, 2018 0.29
Mar 31, 2018 0.31
Dec 31, 2017 0.21
Sep 30, 2017 0.27
Jun 30, 2017 0.28
Mar 31, 2017 0.27
Dec 31, 2016 0.27
Sep 30, 2016 0.28
Jun 30, 2016 0.15
Mar 31, 2016 0.19
Dec 31, 2015 0.38
Sep 30, 2015 0.14
Jun 30, 2015 0.14
Mar 31, 2015 0.17
Dec 31, 2014 0.20
Sep 30, 2014 0.29
Jun 30, 2014 0.27
Mar 31, 2014 0.27
Dec 31, 2013 0.05
Sep 30, 2013 0.25
Jun 30, 2013 0.14
Mar 31, 2013 0.17
Dec 31, 2012 0.19
Sep 30, 2012 0.07
Jun 30, 2012 0.07
Mar 31, 2012 0.11
Dec 31, 2011 0.13
Jun 30, 2011 0.19
Dec 31, 2010 0.01