Churchill Historical Balance Sheet

CHDN Stock

USD 142.26 2.00 1.43%

Trend analysis of Churchill Downs Incorporated balance sheet accounts such as Short Long Term Debt Total of 5.1 B, Other Current Liabilities of 478.9 M or Total Current Liabilities of 793.6 M provides information on Churchill Downs' total assets, liabilities, and equity, which is the actual value of Churchill Downs to its prevalent stockholders. By breaking down trends over time using Churchill Downs balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Churchill Downs latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Churchill Downs is a good buy for the upcoming year.

Churchill Downs Inventory

40.81 Million

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.

About Churchill Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Churchill Downs at a specified time, usually calculated after every quarter, six months, or one year. Churchill Downs Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Churchill Downs and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Churchill currently owns. An asset can also be divided into two categories, current and non-current.

Churchill Downs Balance Sheet Chart

At this time, Churchill Downs' Net Debt is very stable compared to the past year. As of the 4th of December 2024, Retained Earnings is likely to grow to about 939.2 M, though Other Stockholder Equity is likely to grow to (983.2 K).

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

Add Fundamental

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.

Total Current Liabilities

Total Current Liabilities is an item on Churchill Downs balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Churchill Downs Incorporated are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from Churchill Downs' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	2.0B	4.6B	4.8B	5.1B
Total Assets	3.0B	6.2B	7.0B	7.3B

Short Long Term Debt Total Total Assets

Churchill Downs balance sheet 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	0.84	0.86	0.57	0.98	0.99	0.83	0.96	0.54	1.0	0.0	0.54	0.77	-0.16	0.99	0.92	-0.32	1.0	0.97	0.78	0.19	0.44	0.97	-0.51	-0.5
Short Long Term Debt Total	0.99		0.79	0.8	0.46	0.98	1.0	0.76	0.96	0.57	0.99	-0.02	0.57	0.7	-0.29	1.0	0.93	-0.34	1.0	0.98	0.76	0.18	0.42	0.96	-0.57	-0.56
Other Current Liab	0.84	0.79		0.93	0.49	0.77	0.79	0.75	0.74	0.45	0.83	0.15	0.45	0.75	-0.02	0.8	0.84	-0.26	0.83	0.75	0.72	0.04	0.42	0.74	-0.56	-0.55
Total Current Liabilities	0.86	0.8	0.93		0.67	0.81	0.8	0.84	0.81	0.41	0.86	0.11	0.41	0.79	0.14	0.8	0.82	-0.2	0.84	0.78	0.72	0.34	0.42	0.8	-0.38	-0.37
Total Stockholder Equity	0.57	0.46	0.49	0.67		0.56	0.47	0.85	0.58	0.03	0.58	0.11	0.03	0.63	0.61	0.47	0.37	0.17	0.5	0.5	0.39	0.35	0.37	0.55	0.19	0.2
Property Plant And Equipment Net	0.98	0.98	0.77	0.81	0.56		0.98	0.81	0.98	0.53	0.98	-0.08	0.53	0.7	-0.2	0.97	0.91	-0.32	0.97	0.99	0.74	0.24	0.4	0.95	-0.49	-0.48
Net Debt	0.99	1.0	0.79	0.8	0.47	0.98		0.76	0.96	0.54	0.99	-0.01	0.54	0.69	-0.29	1.0	0.92	-0.34	0.99	0.98	0.74	0.18	0.42	0.97	-0.56	-0.56
Retained Earnings	0.83	0.76	0.75	0.84	0.85	0.81	0.76		0.78	0.3	0.83	0.21	0.3	0.73	0.21	0.76	0.66	-0.02	0.78	0.76	0.63	0.21	0.48	0.76	-0.34	-0.33
Accounts Payable	0.96	0.96	0.74	0.81	0.58	0.98	0.96	0.78		0.54	0.96	-0.03	0.54	0.73	-0.12	0.95	0.9	-0.23	0.95	0.98	0.76	0.34	0.49	0.94	-0.41	-0.4
Cash	0.54	0.57	0.45	0.41	0.03	0.53	0.54	0.3	0.54		0.51	-0.08	1.0	0.55	-0.24	0.57	0.67	-0.39	0.57	0.61	0.89	-0.04	0.33	0.41	-0.53	-0.52
Non Current Assets Total	1.0	0.99	0.83	0.86	0.58	0.98	0.99	0.83	0.96	0.51		-0.01	0.51	0.76	-0.17	0.99	0.91	-0.32	0.99	0.97	0.76	0.2	0.43	0.97	-0.5	-0.49
Non Currrent Assets Other	0.0	-0.02	0.15	0.11	0.11	-0.08	-0.01	0.21	-0.03	-0.08	-0.01		-0.08	0.13	0.12	-0.03	-0.13	0.76	-0.01	-0.08	0.09	-0.08	0.64	-0.1	-0.22	-0.23
Cash And Short Term Investments	0.54	0.57	0.45	0.41	0.03	0.53	0.54	0.3	0.54	1.0	0.51	-0.08		0.55	-0.24	0.57	0.67	-0.39	0.57	0.61	0.89	-0.04	0.33	0.41	-0.53	-0.52
Net Receivables	0.77	0.7	0.75	0.79	0.63	0.7	0.69	0.73	0.73	0.55	0.76	0.13	0.55		0.23	0.73	0.79	-0.18	0.75	0.7	0.85	0.06	0.53	0.65	-0.26	-0.25
Common Stock Shares Outstanding	-0.16	-0.29	-0.02	0.14	0.61	-0.2	-0.29	0.21	-0.12	-0.24	-0.17	0.12	-0.24	0.23		-0.28	-0.25	0.43	-0.24	-0.25	-0.03	0.19	0.19	-0.2	0.66	0.66
Non Current Liabilities Total	0.99	1.0	0.8	0.8	0.47	0.97	1.0	0.76	0.95	0.57	0.99	-0.03	0.57	0.73	-0.28		0.93	-0.37	1.0	0.98	0.78	0.14	0.42	0.96	-0.57	-0.56
Other Current Assets	0.92	0.93	0.84	0.82	0.37	0.91	0.92	0.66	0.9	0.67	0.91	-0.13	0.67	0.79	-0.25	0.93		-0.47	0.94	0.93	0.84	0.14	0.34	0.86	-0.56	-0.55
Other Stockholder Equity	-0.32	-0.34	-0.26	-0.2	0.17	-0.32	-0.34	-0.02	-0.23	-0.39	-0.32	0.76	-0.39	-0.18	0.43	-0.37	-0.47		-0.36	-0.33	-0.28	0.14	0.47	-0.35	0.32	0.32
Total Liab	1.0	1.0	0.83	0.84	0.5	0.97	0.99	0.78	0.95	0.57	0.99	-0.01	0.57	0.75	-0.24	1.0	0.94	-0.36		0.98	0.78	0.16	0.43	0.96	-0.56	-0.55
Property Plant And Equipment Gross	0.97	0.98	0.75	0.78	0.5	0.99	0.98	0.76	0.98	0.61	0.97	-0.08	0.61	0.7	-0.25	0.98	0.93	-0.33	0.98		0.78	0.24	0.4	0.95	-0.49	-0.48
Total Current Assets	0.78	0.76	0.72	0.72	0.39	0.74	0.74	0.63	0.76	0.89	0.76	0.09	0.89	0.85	-0.03	0.78	0.84	-0.28	0.78	0.78		0.04	0.55	0.64	-0.51	-0.51
Short Term Debt	0.19	0.18	0.04	0.34	0.35	0.24	0.18	0.21	0.34	-0.04	0.2	-0.08	-0.04	0.06	0.19	0.14	0.14	0.14	0.16	0.24	0.04		0.07	0.25	0.25	0.26
Inventory	0.44	0.42	0.42	0.42	0.37	0.4	0.42	0.48	0.49	0.33	0.43	0.64	0.33	0.53	0.19	0.42	0.34	0.47	0.43	0.4	0.55	0.07		0.31	-0.28	-0.28
Intangible Assets	0.97	0.96	0.74	0.8	0.55	0.95	0.97	0.76	0.94	0.41	0.97	-0.1	0.41	0.65	-0.2	0.96	0.86	-0.35	0.96	0.95	0.64	0.25	0.31		-0.4	-0.39
Common Stock Total Equity	-0.51	-0.57	-0.56	-0.38	0.19	-0.49	-0.56	-0.34	-0.41	-0.53	-0.5	-0.22	-0.53	-0.26	0.66	-0.57	-0.56	0.32	-0.56	-0.49	-0.51	0.25	-0.28	-0.4		1.0
Common Stock	-0.5	-0.56	-0.55	-0.37	0.2	-0.48	-0.56	-0.33	-0.4	-0.52	-0.49	-0.23	-0.52	-0.25	0.66	-0.56	-0.55	0.32	-0.55	-0.48	-0.51	0.26	-0.28	-0.39	1.0

Click cells to compare fundamentals

Churchill Downs Account Relationship Matchups

Churchill Downs balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.7B	3.0B	6.2B	7.0B	7.3B
Short Long Term Debt Total	1.5B	1.6B	2.0B	4.6B	4.8B	5.1B
Other Current Liab	196.9M	349.5M	257.8M	388M	456.1M	478.9M
Total Current Liabilities	301.2M	424.2M	395M	621.6M	755.8M	793.6M
Total Stockholder Equity	508.3M	367.1M	306.8M	551.5M	893.6M	938.3M
Property Plant And Equipment Net	937.3M	1.1B	994.9M	2.0B	2.6B	2.7B
Net Debt	1.4B	1.6B	1.7B	4.5B	4.7B	4.9B
Retained Earnings	509.2M	349.8M	307.7M	552.4M	894.5M	939.2M
Accounts Payable	57.8M	70.7M	81.6M	145.5M	158.5M	166.4M
Cash	96.2M	67.4M	291.3M	129.8M	144.5M	151.7M
Non Current Assets Total	2.3B	2.5B	2.5B	5.9B	6.6B	6.9B
Non Currrent Assets Other	(3.3M)	(39.6M)	74.2M	54.8M	19.3M	38.6M
Cash And Short Term Investments	96.2M	67.4M	291.3M	129.8M	144.5M	151.7M
Net Receivables	51.8M	85.9M	108.3M	95.5M	119.5M	125.5M
Common Stock Shares Outstanding	81.2M	79.2M	78.4M	77M	76.1M	86.0M
Liabilities And Stockholders Equity	2.6B	2.7B	3.0B	6.2B	7.0B	7.3B
Non Current Liabilities Total	1.7B	1.9B	2.3B	5.0B	5.3B	5.6B
Other Current Assets	26.9M	81.8M	101.9M	119.2M	136.8M	143.6M
Other Stockholder Equity	649.5M	100K	2.8M	(900K)	(1.0M)	(983.3K)
Total Liab	2.0B	2.3B	2.7B	5.7B	6.1B	6.4B
Property Plant And Equipment Gross	937.3M	1.1B	1.7B	2.8B	3.5B	3.7B
Total Current Assets	221.2M	235.1M	501.5M	344.5M	400.8M	420.8M
Inventory	46.3M	53.6M	64.3M	74.9M	77.3M	40.8M
Intangible Assets	369.8M	350.6M	348.1M	2.4B	2.4B	2.5B
Other Liab	247.7M	276.8M	286.5M	433.8M	498.9M	523.8M
Long Term Debt	1.1B	1.1B	1.3B	2.5B	4.8B	5.0B
Property Plant Equipment	912.5M	1.1B	994.9M	2.0B	2.3B	2.4B
Current Deferred Revenue	42.5M	32.8M	47.7M	39M	73.2M	62.5M
Other Assets	21.1M	653M	106.7M	109M	125.4M	146.6M
Good Will	338M	367.1M	366.8M	723.8M	899.9M	944.9M
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	440.1M	593.4M	734.5M	2.2B	137.8M	130.9M

Pair Trading with Churchill Downs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.

Moving against Churchill Stock

0.5	WING	Wingstop	Pair Corr
0.39	QSR	Restaurant Brands	Pair Corr

The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.

The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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

Details

Is Churchill Stock a good investment?

Details

What is Churchill Downs' Net Worth?

Details

Largest Hotels, Restaurants & Leisure Companies

View

Largest Consumer Services Companies

View

You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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

Earnings Share

5.53

Revenue Per Share

35.989

Quarterly Revenue Growth

0.098

Return On Assets

0.0625

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Churchill Historical Balance Sheet

Churchill Downs Inventory

40.81 Million

About Churchill Balance Sheet Analysis

Churchill Downs Balance Sheet Chart

Total Assets

Total Current Liabilities

Churchill Downs balance sheet Correlations

Churchill Downs Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Churchill Downs balance sheet Accounts

Pair Trading with Churchill Downs

Moving against Churchill Stock

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	Non Current Liabilities Total
Common Stock Total Equity	- 0.57	Short Long Term Debt Total
Common Stock Total Equity	- 0.56	Total Liab
Common Stock Total Equity	- 0.56	Other Current Assets
Common Stock	- 0.56	Non Current Liabilities Total
Common Stock	- 0.56	Net Debt