Churchill Downs Incorporated Working Capital to Net Assets Ratio
Churchill Downs Incorporated working capital to net assets ratio. Churchill Downs Incorporated (CHDN) has a Working Capital to Net Assets ratio of -62.9% as of June 2026. Working capital of $-875.00 Million (current assets of $484.00 Million minus current liabilities of $1.36 Billion) is measured against net assets of $1.39 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Churchill Downs Incorporated tangible book value ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Churchill Downs Incorporated (1993–2025)
Working capital to net assets ratio of Churchill Downs Incorporated from 1993 to 2025. This chart shows how Churchill Downs Incorporated's Working Capital to Net Assets ratio has evolved across 33 annual periods from 1993 to 2025. As of June 2026, the ratio stands at -62.9%, reflecting working capital of $-875.00 Million against net assets of $1.39 Billion USD. See CHDN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Churchill Downs Incorporated Working Capital to Net Assets Ratio by Year (1993–2025)
Churchill Downs Incorporated working capital to net assets ratio by year from 1993 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Churchill Downs Incorporated from 1993 to 2025, covering 33 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see how large is Churchill Downs Incorporated's balance sheet.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -27.5% | $-290.10 Million | $1.06 Billion | $443.20 Million | $733.30 Million | ▲ +1.3 pp |
| 2024 | -28.7% | $-317.00 Million | $1.10 Billion | $412.30 Million | $729.30 Million | ▲ +11.0 pp |
| 2023 | -39.7% | $-355.00 Million | $893.60 Million | $400.80 Million | $755.80 Million | ▲ +10.5 pp |
| 2022 | -50.2% | $-277.10 Million | $551.50 Million | $344.50 Million | $621.60 Million | ▼ -85.0 pp |
| 2021 | 34.7% | $106.50 Million | $306.80 Million | $501.50 Million | $395.00 Million | ▲ +86.2 pp |
| 2020 | -51.5% | $-189.10 Million | $367.10 Million | $235.10 Million | $424.20 Million | ▼ -35.9 pp |
| 2019 | -15.7% | $-80.00 Million | $511.00 Million | $221.20 Million | $301.20 Million | ▼ -12.5 pp |
| 2018 | -3.2% | $-15.10 Million | $473.30 Million | $241.50 Million | $256.60 Million | ▲ +27.6 pp |
| 2017 | -30.8% | $-197.10 Million | $640.30 Million | $256.10 Million | $453.20 Million | ▲ +1.6 pp |
| 2016 | -32.4% | $-222.10 Million | $685.00 Million | $246.00 Million | $468.10 Million | ▲ +35.2 pp |
| 2015 | -67.6% | $-417.27 Million | $617.20 Million | $222.83 Million | $640.10 Million | ▼ -54.4 pp |
| 2014 | -13.2% | $-92.29 Million | $700.00 Million | $241.73 Million | $334.02 Million | ▼ -5.7 pp |
| 2013 | -7.4% | $-52.49 Million | $704.79 Million | $160.72 Million | $213.21 Million | ▲ +32.8 pp |
| 2012 | -40.3% | $-259.51 Million | $644.29 Million | $147.06 Million | $406.57 Million | ▼ -35.3 pp |
| 2011 | -5.0% | $-28.99 Million | $584.03 Million | $144.46 Million | $173.45 Million | ▼ -1.3 pp |
| 2010 | -3.7% | $-18.56 Million | $506.21 Million | $170.00 Million | $188.55 Million | ▲ +16.1 pp |
| 2009 | -19.7% | $-80.36 Million | $407.02 Million | $104.62 Million | $184.99 Million | ▼ -12.1 pp |
| 2008 | -7.6% | $-29.91 Million | $393.89 Million | $100.46 Million | $130.38 Million | ▼ -2.8 pp |
| 2007 | -4.8% | $-17.56 Million | $367.56 Million | $103.28 Million | $120.84 Million | ▼ -5.2 pp |
| 2006 | 0.5% | $1.65 Million | $350.08 Million | $128.54 Million | $126.89 Million | ▲ +11.8 pp |
| 2005 | -11.4% | $-35.93 Million | $316.23 Million | $83.33 Million | $119.26 Million | ▼ -3.3 pp |
| 2004 | -8.0% | $-19.14 Million | $238.43 Million | $93.44 Million | $112.58 Million | ▲ +8.3 pp |
| 2003 | -16.4% | $-41.76 Million | $254.98 Million | $62.63 Million | $104.39 Million | ▼ -5.7 pp |
| 2002 | -10.7% | $-25.17 Million | $235.00 Million | $60.49 Million | $85.66 Million | ▲ +5.2 pp |
| 2001 | -15.9% | $-34.55 Million | $217.24 Million | $59.72 Million | $94.27 Million | ▼ -0.3 pp |
| 2000 | -15.6% | $-31.51 Million | $202.49 Million | $55.28 Million | $86.79 Million | ▼ -16.1 pp |
| 1999 | 0.6% | $800.00K | $138.10 Million | $56.10 Million | $55.30 Million | ▲ +12.5 pp |
| 1998 | -12.0% | $-7.80 Million | $65.20 Million | $19.40 Million | $27.20 Million | ▲ +3.0 pp |
| 1997 | -15.0% | $-8.00 Million | $53.40 Million | $16.90 Million | $24.90 Million | ▲ +7.4 pp |
| 1996 | -22.4% | $-10.70 Million | $47.80 Million | $14.10 Million | $24.80 Million | ▼ -0.1 pp |
| 1995 | -22.3% | $-10.40 Million | $46.70 Million | $8.50 Million | $18.90 Million | ▲ +2.0 pp |
| 1994 | -24.2% | $-10.20 Million | $42.10 Million | $5.50 Million | $15.70 Million | ▼ -22.1 pp |
| 1993 | -2.2% | $-800.00K | $37.00 Million | $15.50 Million | $16.30 Million | — |