Churchill Downs Incorporated (CHDN) — Financial Flexibility Index

Latest as of December 2025: 0.03x

Churchill Downs Incorporated (CHDN) has a Financial Flexibility Index of 0.03x as of December 2025. Free cash flow of $176.10 Million (operating CF $96.00 Million minus capex $80.10 Million) represents 0% of total liabilities ($6.43 Billion). Also explore Churchill Downs Incorporated equity growth rate to track the company's year-over-year net asset growth rate.

Financial Flexibility Index

0.03x
Free Cash Flow / Total Liabilities

Free Cash Flow

$176.10 Million
Operating CF − Capex

Total Liabilities

$6.43 Billion
USD

Capital Expenditures

$80.10 Million
USD

Churchill Downs Incorporated Financial Flexibility Index (1993–2025)

Historical Financial Flexibility Index trend for Churchill Downs Incorporated across 33 annual periods. Check how strategically is Churchill Downs Incorporated's equity deployed to assess the company's strategic physical and investment asset allocation.

Annual Financial Flexibility Index for Churchill Downs Incorporated (1993–2025)

Year-by-year free cash flow to debt coverage for Churchill Downs Incorporated. For the full company profile including market capitalisation, see market cap of Churchill Downs Incorporated.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.16x $1.04 Billion $769.80 Million $6.43 Billion ▼ -24.0%
2024 0.21x $1.32 Billion $772.70 Million $6.17 Billion ▲ +1.1%
2023 0.21x $1.28 Billion $605.80 Million $6.06 Billion ▲ +20.4%
2022 0.18x $993.60 Million $536.80 Million $5.66 Billion ▲ +10.0%
2021 0.16x $427.30 Million $335.50 Million $2.67 Billion ▼ -1.5%
2020 0.16x $376.10 Million $141.90 Million $2.32 Billion ▼ -27.0%
2019 0.22x $452.90 Million $289.60 Million $2.04 Billion ▼ -19.9%
2018 0.28x $347.20 Million $197.80 Million $1.25 Billion ▲ +42.3%
2017 0.19x $335.10 Million $218.20 Million $1.72 Billion ▲ +7.7%
2016 0.18x $284.00 Million $226.80 Million $1.57 Billion ▼ -3.2%
2015 0.19x $310.29 Million $264.53 Million $1.66 Billion ▲ +56.4%
2014 0.12x $198.35 Million $141.62 Million $1.66 Billion ▼ -60.6%
2013 0.30x $196.34 Million $144.91 Million $647.47 Million ▼ -24.2%
2012 0.40x $187.96 Million $144.41 Million $470.04 Million ▼ -26.5%
2011 0.54x $198.09 Million $173.18 Million $363.99 Million ▲ +123.5%
2010 0.24x $124.56 Million $59.86 Million $511.50 Million ▼ -50.4%
2009 0.49x $156.24 Million $71.05 Million $318.38 Million ▲ +1.0%
2008 0.49x $118.38 Million $78.23 Million $243.78 Million ▲ +29.0%
2007 0.38x $96.86 Million $51.23 Million $257.26 Million ▼ -36.4%
2006 0.59x $116.11 Million $69.51 Million $196.25 Million ▲ +179.9%
2005 0.21x $41.91 Million $-1.32 Million $198.31 Million ▼ -32.1%
2004 0.31x $125.58 Million $48.40 Million $403.53 Million ▼ -11.3%
2003 0.35x $87.89 Million $47.04 Million $250.53 Million ▲ +41.3%
2002 0.25x $58.15 Million $35.42 Million $234.22 Million ▼ 0.0%
2001 0.25x $62.94 Million $48.31 Million $253.48 Million ▲ +33.8%
2000 0.19x $49.65 Million $27.23 Million $267.52 Million ▼ -82.8%
1999 1.08x $280.10 Million $39.70 Million $259.90 Million ▲ +68.8%
1998 0.64x $31.60 Million $10.80 Million $49.50 Million ▲ +37.0%
1997 0.47x $15.10 Million $10.50 Million $32.40 Million ▼ -13.4%
1996 0.54x $17.70 Million $15.10 Million $32.90 Million ▼ -34.0%
1995 0.81x $25.10 Million $16.50 Million $30.80 Million ▼ -34.0%
1994 1.23x $34.70 Million $11.40 Million $28.10 Million ▲ +142.1%
1993 0.51x $10.10 Million $8.70 Million $19.80 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities