Churchill Downs Incorporated Tangible Net Worth Ratio
Churchill Downs Incorporated tangible net worth ratio. Churchill Downs Incorporated (CHDN) has a Tangible Net Worth Ratio of -80.7% as of June 2026. This metric is calculated by deducting intangible assets ($2.51 Billion) from net assets ($1.39 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Check CHDN PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Churchill Downs Incorporated (1993–2025)
Tangible net worth ratio of Churchill Downs Incorporated from 1993 to 2025. This chart shows how Churchill Downs Incorporated's Tangible Net Worth Ratio has changed across 33 annual periods from 1993 to 2025. As of June 2026, the ratio stands at -80.7%, reflecting net assets of $1.39 Billion with intangible assets of $2.51 Billion USD. See CHDN current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Churchill Downs Incorporated Tangible Net Worth Ratio by Year (1993–2025)
Churchill Downs Incorporated tangible net worth ratio by year from 1993 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Churchill Downs Incorporated from 1993 to 2025, covering 33 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see CHDN market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -138.2% | $1.06 Billion | $2.52 Billion | $7.48 Billion | ▼ -19.9 pp |
| 2024 | -118.3% | $1.10 Billion | $2.41 Billion | $7.28 Billion | ▲ +52.3 pp |
| 2023 | -170.6% | $893.60 Million | $2.42 Billion | $6.96 Billion | ▲ +163.1 pp |
| 2022 | -333.7% | $551.50 Million | $2.39 Billion | $6.21 Billion | ▼ -320.2 pp |
| 2021 | -13.5% | $306.80 Million | $348.10 Million | $2.98 Billion | ▼ -18.0 pp |
| 2020 | 4.5% | $367.10 Million | $350.60 Million | $2.69 Billion | ▼ -23.1 pp |
| 2019 | 27.6% | $511.00 Million | $369.80 Million | $2.55 Billion | ▼ -16.6 pp |
| 2018 | 44.2% | $473.30 Million | $264.00 Million | $1.73 Billion | ▼ -29.3 pp |
| 2017 | 73.5% | $640.30 Million | $169.40 Million | $2.36 Billion | ▲ +39.5 pp |
| 2016 | 34.0% | $685.00 Million | $452.00 Million | $2.25 Billion | ▲ +14.4 pp |
| 2015 | 19.6% | $617.20 Million | $496.15 Million | $2.28 Billion | ▼ -1.8 pp |
| 2014 | 21.4% | $700.00 Million | $549.97 Million | $2.36 Billion | ▼ -50.5 pp |
| 2013 | 71.9% | $704.79 Million | $198.15 Million | $1.35 Billion | ▼ -5.9 pp |
| 2012 | 77.8% | $644.29 Million | $143.14 Million | $1.11 Billion | ▼ -4.4 pp |
| 2011 | 82.2% | $584.03 Million | $103.83 Million | $948.02 Million | ▲ +4.6 pp |
| 2010 | 77.6% | $506.21 Million | $113.44 Million | $1.02 Billion | ▼ -14.0 pp |
| 2009 | 91.6% | $407.02 Million | $34.33 Million | $725.40 Million | ▼ -0.1 pp |
| 2008 | 91.6% | $393.89 Million | $32.94 Million | $637.67 Million | ▲ +2.3 pp |
| 2007 | 89.4% | $367.56 Million | $39.09 Million | $624.82 Million | ▼ -6.1 pp |
| 2006 | 95.4% | $350.08 Million | $16.05 Million | $546.33 Million | ▲ +18.1 pp |
| 2005 | 77.3% | $316.23 Million | $71.66 Million | $514.54 Million | ▲ +7.8 pp |
| 2004 | 69.5% | $238.43 Million | $72.68 Million | $641.96 Million | ▼ -7.1 pp |
| 2003 | 76.6% | $254.98 Million | $59.70 Million | $505.51 Million | ▲ +2.0 pp |
| 2002 | 74.6% | $235.00 Million | $59.73 Million | $469.21 Million | ▲ +2.9 pp |
| 2001 | 71.7% | $217.24 Million | $61.47 Million | $470.71 Million | ▲ +3.2 pp |
| 2000 | 68.5% | $202.49 Million | $63.84 Million | $470.00 Million | ▲ +13.6 pp |
| 1999 | 54.9% | $138.10 Million | $62.30 Million | $398.00 Million | ▼ -32.2 pp |
| 1998 | 87.1% | $65.20 Million | $8.40 Million | $114.70 Million | ▼ -9.3 pp |
| 1997 | 96.4% | $53.40 Million | $1.90 Million | $85.80 Million | ▼ -3.6 pp |
| 1996 | 100.0% | $47.80 Million | $0.00 | $80.70 Million | ▲ +0.0 pp |
| 1995 | 100.0% | $46.70 Million | $0.00 | $77.50 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $42.10 Million | $0.00 | $70.20 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $37.00 Million | $0.00 | $56.80 Million | — |