Churchill Downs Incorporated (CHDN) — Cash Flow-to-Debt Ratio
Churchill Downs Incorporated (CHDN) has a Cash Flow-to-Debt Ratio of 0.04x as of June 2026, meaning its operating cash flow of $217.00 Million could theoretically repay 0% of its total liabilities ($6.13 Billion) in one year. See financial agility of Churchill Downs Incorporated to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Churchill Downs Incorporated Cash Flow-to-Debt Ratio (1993–2025)
Historical debt coverage capacity for Churchill Downs Incorporated across 33 annual periods. For the full cash flow conversion analysis, see Churchill Downs Incorporated (CHDN) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Churchill Downs Incorporated (1993–2025)
Year-by-year debt coverage analysis for Churchill Downs Incorporated. Check Churchill Downs Incorporated (CHDN) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.12x | $769.80 Million | $6.43 Billion | ▼ -4.3% |
| 2024 | 0.13x | $772.70 Million | $6.17 Billion | ▲ +25.3% |
| 2023 | 0.10x | $605.80 Million | $6.06 Billion | ▲ +5.3% |
| 2022 | 0.09x | $536.80 Million | $5.66 Billion | ▼ -24.3% |
| 2021 | 0.13x | $335.50 Million | $2.67 Billion | ▲ +105.0% |
| 2020 | 0.06x | $141.90 Million | $2.32 Billion | ▼ -56.9% |
| 2019 | 0.14x | $289.60 Million | $2.04 Billion | ▼ -10.2% |
| 2018 | 0.16x | $197.80 Million | $1.25 Billion | ▲ +24.5% |
| 2017 | 0.13x | $218.20 Million | $1.72 Billion | ▼ -12.2% |
| 2016 | 0.14x | $226.80 Million | $1.57 Billion | ▼ -9.3% |
| 2015 | 0.16x | $264.53 Million | $1.66 Billion | ▲ +86.8% |
| 2014 | 0.09x | $141.62 Million | $1.66 Billion | ▼ -61.9% |
| 2013 | 0.22x | $144.91 Million | $647.47 Million | ▼ -27.1% |
| 2012 | 0.31x | $144.41 Million | $470.04 Million | ▼ -35.4% |
| 2011 | 0.48x | $173.18 Million | $363.99 Million | ▲ +306.6% |
| 2010 | 0.12x | $59.86 Million | $511.50 Million | ▼ -47.6% |
| 2009 | 0.22x | $71.05 Million | $318.38 Million | ▼ -30.5% |
| 2008 | 0.32x | $78.23 Million | $243.78 Million | ▲ +61.2% |
| 2007 | 0.20x | $51.23 Million | $257.26 Million | ▼ -43.8% |
| 2006 | 0.35x | $69.51 Million | $196.25 Million | ▲ +5401.0% |
| 2005 | -0.01x | $-1.32 Million | $198.31 Million | ▼ -105.6% |
| 2004 | 0.12x | $48.40 Million | $403.53 Million | ▼ -36.1% |
| 2003 | 0.19x | $47.04 Million | $250.53 Million | ▲ +24.1% |
| 2002 | 0.15x | $35.42 Million | $234.22 Million | ▼ -20.6% |
| 2001 | 0.19x | $48.31 Million | $253.48 Million | ▲ +87.2% |
| 2000 | 0.10x | $27.23 Million | $267.52 Million | ▼ -33.4% |
| 1999 | 0.15x | $39.70 Million | $259.90 Million | ▼ -30.0% |
| 1998 | 0.22x | $10.80 Million | $49.50 Million | ▼ -32.7% |
| 1997 | 0.32x | $10.50 Million | $32.40 Million | ▼ -29.4% |
| 1996 | 0.46x | $15.10 Million | $32.90 Million | ▼ -14.3% |
| 1995 | 0.54x | $16.50 Million | $30.80 Million | ▲ +32.0% |
| 1994 | 0.41x | $11.40 Million | $28.10 Million | ▼ -7.7% |
| 1993 | 0.44x | $8.70 Million | $19.80 Million | — |