Churchill Downs Incorporated (CHDN) — Capital Reinvestment Ratio
Churchill Downs Incorporated (CHDN) has a Capital Reinvestment Ratio of 0.83x as of December 2025, meaning it reinvests 1% of its operating cash flow ($96.00 Million) in capital expenditures ($80.10 Million). See net asset quality index of Churchill Downs Incorporated to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Churchill Downs Incorporated Capital Reinvestment Ratio (1993–2025)
This chart tracks Churchill Downs Incorporated's Capital Reinvestment Ratio across 32 annual periods. Check how aggressively does Churchill Downs Incorporated reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Churchill Downs Incorporated (1993–2025)
Year-by-year Capital Reinvestment Ratio for Churchill Downs Incorporated from 1993 to 2025. For live market cap and broader valuation context, see Churchill Downs Incorporated stock valuation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.36x | $769.80 Million | $274.90 Million | ▼ -49.6% |
| 2024 | 0.71x | $772.70 Million | $547.00 Million | ▼ -36.6% |
| 2023 | 1.12x | $605.80 Million | $676.50 Million | ▲ +31.2% |
| 2022 | 0.85x | $536.80 Million | $456.80 Million | ▲ +211.0% |
| 2021 | 0.27x | $335.50 Million | $91.80 Million | ▼ -83.4% |
| 2020 | 1.65x | $141.90 Million | $234.20 Million | ▲ +192.7% |
| 2019 | 0.56x | $289.60 Million | $163.30 Million | ▼ -25.3% |
| 2018 | 0.76x | $197.80 Million | $149.40 Million | ▲ +41.0% |
| 2017 | 0.54x | $218.20 Million | $116.90 Million | ▲ +112.4% |
| 2016 | 0.25x | $226.80 Million | $57.20 Million | ▲ +45.8% |
| 2015 | 0.17x | $264.53 Million | $45.76 Million | ▼ -56.8% |
| 2014 | 0.40x | $141.62 Million | $56.74 Million | ▲ +12.9% |
| 2013 | 0.35x | $144.91 Million | $51.42 Million | ▲ +17.7% |
| 2012 | 0.30x | $144.41 Million | $43.55 Million | ▲ +109.6% |
| 2011 | 0.14x | $173.18 Million | $24.92 Million | ▼ -86.7% |
| 2010 | 1.08x | $59.86 Million | $64.70 Million | ▼ -9.9% |
| 2009 | 1.20x | $71.05 Million | $85.19 Million | ▲ +133.6% |
| 2008 | 0.51x | $78.23 Million | $40.15 Million | ▼ -42.4% |
| 2007 | 0.89x | $51.23 Million | $45.63 Million | ▲ +32.9% |
| 2006 | 0.67x | $69.51 Million | $46.60 Million | ▼ -58.0% |
| 2004 | 1.59x | $48.40 Million | $77.17 Million | ▲ +83.6% |
| 2003 | 0.87x | $47.04 Million | $40.85 Million | ▲ +35.4% |
| 2002 | 0.64x | $35.42 Million | $22.72 Million | ▲ +111.9% |
| 2001 | 0.30x | $48.31 Million | $14.63 Million | ▼ -63.2% |
| 2000 | 0.82x | $27.23 Million | $22.42 Million | ▼ -86.4% |
| 1999 | 6.06x | $39.70 Million | $240.40 Million | ▲ +214.4% |
| 1998 | 1.93x | $10.80 Million | $20.80 Million | ▲ +339.6% |
| 1997 | 0.44x | $10.50 Million | $4.60 Million | ▲ +154.4% |
| 1996 | 0.17x | $15.10 Million | $2.60 Million | ▼ -67.0% |
| 1995 | 0.52x | $16.50 Million | $8.60 Million | ▼ -74.5% |
| 1994 | 2.04x | $11.40 Million | $23.30 Million | ▲ +1170.1% |
| 1993 | 0.16x | $8.70 Million | $1.40 Million | — |