Churchill Downs Incorporated (CHDN)

Solvency & Capital Structure

Total Debt

$4.77B

Net Debt

$4.58B

Churchill Downs Incorporated currently has $4.77B in total debt. Net debt is $4.58B after cash offsets.

Financial Fundamentals

CHDN • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	4.77	0.20	4.58	7.52	63.5%
2026-03-31	4.94	0.20	4.74	7.49	65.9%
2025-12-31	5.20	0.29	4.91	7.48	69.4%
2025-09-30	5.11	0.18	4.93	7.45	68.6%
2025-06-30	5.01	0.18	4.83	7.38	68.0%
2025-03-31	4.89	0.17	4.71	7.35	66.5%
2024-12-31	4.92	0.18	4.74	7.28	67.6%
2024-09-30	4.83	0.15	4.68	7.17	67.4%
2024-06-30	4.86	0.14	4.72	7.17	67.8%
2024-03-31	4.93	0.15	4.78	7.07	69.7%
2023-12-31	4.84	0.14	4.70	6.96	69.6%
2023-09-30	4.72	0.13	4.59	6.75	70.0%
2023-06-30	4.62	0.37	4.25	6.58	70.2%
2023-03-31	4.42	0.17	4.25	6.27	70.5%
2022-12-31	4.61	0.13	4.48	6.21	74.2%
2022-09-30	3.18	0.11	3.07	4.67	68.1%
2022-06-30	3.16	0.31	2.85	4.62	68.4%
2022-03-31	1.97	0.29	1.67	3.04	64.8%
2021-12-31	1.97	0.29	1.68	2.98	66.0%
2021-09-30	1.97	0.32	1.65	2.97	66.2%
2021-06-30	1.97	0.34	1.63	2.97	66.3%
2021-03-31	1.97	0.15	1.82	2.79	70.7%
2020-12-31	1.62	0.07	1.55	2.69	60.4%
2020-09-30	2.17	0.62	1.55	3.26	66.4%
2020-06-30	2.17	0.65	1.52	3.22	67.4%
2020-03-31	2.16	0.70	1.46	3.20	67.5%
2019-12-31	1.47	0.10	1.38	2.55	57.8%
2019-09-30	1.47	0.19	1.28	2.56	57.5%
2019-06-30	1.47	0.20	1.27	2.59	57.0%
2019-03-31	1.47	0.12	1.36	2.48	59.5%
2018-12-31	0.88	0.13	0.75	1.73	51.3%
2018-09-30	0.89	0.13	0.75	1.71	51.7%
2018-06-30	0.89	0.25	0.63	1.70	52.2%
2018-03-31	0.89	0.20	0.68	1.60	55.4%
2017-12-31	1.13	0.05	1.08	2.36	47.9%
2017-09-30	1.12	0.06	1.07	2.33	48.3%
2017-06-30	1.07	0.04	1.03	2.28	47.0%
2017-03-31	0.97	0.05	0.91	2.26	42.9%
2016-12-31	0.92	0.05	0.88	2.25	40.9%
2016-09-30	0.92	0.06	0.86	2.22	41.4%
2016-06-30	0.93	0.06	0.87	2.25	41.2%
2016-03-31	0.99	0.05	0.94	2.24	44.1%
2015-12-31	0.78	0.07	0.71	2.28	34.3%
2015-09-30	0.59	0.05	0.54	2.26	26.2%
2015-06-30	0.62	0.06	0.56	2.30	26.9%
2015-03-31	0.70	0.05	0.65	2.30	30.4%
2014-12-31	0.76	0.07	0.70	2.36	32.4%
2014-09-30	0.39	0.04	0.34	1.33	29.0%
2014-06-30	0.38	0.05	0.33	1.36	27.5%
2014-03-31	0.37	0.05	0.32	1.35	27.3%
2013-12-31	0.37	0.04	0.33	1.35	27.4%
2013-09-30	0.33	0.04	0.29	1.29	25.6%
2013-06-30	0.16	0.04	0.12	1.13	14.2%
2013-03-31	0.19	0.04	0.15	1.10	17.3%
2012-12-31	0.22	0.04	0.18	1.11	19.4%
2012-09-30	0.07	0.03	0.04	0.94	7.7%
2012-06-30	0.07	0.03	0.04	0.96	7.3%
2012-03-31	0.11	0.03	0.08	0.94	11.7%
2011-12-31	0.13	0.03	0.11	0.95	14.0%
2011-09-30	0.17	0.03	0.14	0.96	17.4%
2011-06-30	0.19	0.03	0.16	1.00	19.2%
2011-03-31	0.24	0.03	0.21	0.98	24.4%
2010-12-31	0.29	0.03	0.26	1.02	28.1%
2010-09-30	0.14	0.01	0.12	0.85	15.9%
2010-06-30	0.13	0.02	0.10	0.87	14.7%
2010-03-31	0.12	0.02	0.10	0.73	16.3%
2009-12-31	0.11	0.01	0.10	0.73	15.7%
2009-09-30	0.05	0.02	0.03	0.62	7.6%
2009-06-30	0.01	0.01	-0.00Net Cash	0.62	2.3%
2009-03-31	0.05	0.02	0.03	0.62	7.4%
2008-12-31	0.06	0.01	0.04	0.64	9.0%
2008-09-30	0.05	0.01	0.04	0.61	8.3%
2008-06-30	0.02	0.02	0.01	0.62	3.9%
2008-03-31	0.06	0.02	0.04	0.63	10.3%
2007-12-31	0.08	0.02	0.07	0.62	13.2%
2007-09-30	0.07	0.02	0.05	0.60	11.5%
2007-06-30	0.07	0.02	0.05	0.61	11.4%
2007-03-31	0.01	0.03	-0.01Net Cash	0.52	2.7%
2006-12-31	0.01	0.02	-0.01Net Cash	0.55	2.5%
2006-09-30	0.02	0.02	-0.01Net Cash	0.53	3.6%
2006-06-30	0.02	0.04	-0.02Net Cash	0.54	4.2%
2006-03-31	0.03	0.01	0.02	0.51	6.3%
2005-12-31	0.03	0.02	0.01	0.51	5.6%
2005-09-30	0.02	0.04	-0.02Net Cash	0.53	3.4%
2005-06-30	0.24	0.01	0.22	0.68	35.2%
2005-03-31	0.25	0.02	0.23	0.63	39.1%
2004-12-31	0.24	0.02	0.22	0.64	37.8%
2004-09-30	0.15	0.02	0.14	0.55	27.9%
2004-06-30	0.15	0.04	0.11	0.58	25.3%
2004-03-31	0.14	0.01	0.13	0.52	27.4%
2003-12-31	0.13	0.02	0.11	0.51	25.1%
2003-09-30	0.11	0.02	0.10	0.49	23.5%
2003-06-30	0.12	0.03	0.09	0.51	23.4%
2003-03-31	0.13	0.01	0.12	0.46	27.7%
2002-12-31	0.12	0.01	0.11	0.47	26.3%
2002-09-30	0.12	0.02	0.11	0.46	26.8%
2002-06-30	0.12	0.03	0.09	0.50	23.5%
2002-03-31	0.14	0.01	0.13	0.46	31.4%
2001-12-31	0.13	0.02	0.12	0.47	28.3%
2001-09-30	0.14	0.02	0.12	0.48	28.6%
2001-06-30	0.15	0.02	0.12	0.50	28.8%
2001-03-31	0.16	0.01	0.16	0.45	36.2%
2000-12-31	0.16	0.01	0.15	0.47	33.6%
2000-09-30	0.16	0.01	0.15	0.47	33.8%
2000-06-30	0.17	0.02	0.15	0.42	40.0%
2000-03-31	0.18	0.01	0.17	0.38	46.6%
1999-12-31	0.18	0.03	0.15	0.40	45.6%
1999-09-30	0.19	0.03	0.16	0.39	47.9%
1999-06-30	0.10	0.02	0.08	0.24	42.7%
1999-03-31	0.02	0.01	0.01	0.13	17.2%
1998-12-31	0.01	0.01	0.01	0.11	11.9%
1998-09-30	0.01	0.01	0.00	0.12	8.2%
1998-06-30	0.01	0.01	0.00	0.12	7.2%
1998-03-31	0.00	0.01	-0.01Net Cash	0.09	3.1%
1997-12-31	0.00	0.01	-0.01Net Cash	0.09	3.1%
1997-09-30	0.00	0.01	-0.01Net Cash	0.09	3.1%
1997-06-30	0.00	0.02	-0.01Net Cash	0.10	3.0%
1997-03-31	0.00	0.01	-0.00Net Cash	0.08	3.6%
1996-12-31	0.00	0.01	-0.01Net Cash	0.08	3.7%
1996-09-30	0.00	0.01	-0.01Net Cash	0.08	3.7%