What are Churchill Downs's total assets?

Churchill Downs (CHDN) holds $7.5B in total assets, up 1.9% year over year.

How much debt does Churchill Downs have?

Churchill Downs carries $1.8B in total debt against $1.1B of shareholders' equity, a debt-to-equity ratio of 1.68.

How much cash does Churchill Downs have?

Churchill Downs holds $291.0M in cash and equivalents.

Can Churchill Downs cover its short-term obligations?

Its current ratio is 0.54 — current liabilities exceed current assets.

Where does Churchill Downs's balance sheet data come from?

Every line is extracted from Churchill Downs's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Churchill Downs CHDN Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$291M+0.7%	$289M+7.6%	$268.5M-6.0%	$285.6M+5.4%	$271M+7.5%
Restricted cash	$91M+3.4%	$88M0.0%	$88M-14.7%	$103.2M+6.4%	$97M+25.6%
Accounts receivable, net	$104M+6.1%	$98M+1.7%	$96.4M-22.3%	$124.1M+9.1%	$113.7M+9.7%
Inventories	$11M-8.3%	$12M-3.2%	$12.4M-1.6%	$12.6M+8.6%	$11.6M0.0%
Prepaid expenses and other current assets	$19M+35.7%	$14M-27.5%	$19.3M+11.6%	$17.3M-24.5%	$22.9M+43.1%
Income taxes receivable	$6M-64.7%	$17M—	$0—	$0—	$0-100%
Total current assets	$452M+2.0%	$443M+6.8%	$414.9M-10.6%	$464M+2.6%	$452.4M+9.7%
Property and equipment, net	$2.91B-0.3%	$2.92B-0.2%	$2.93B+0.3%	$2.92B+0.3%	$2.91B+1.1%
Accumulated depreciation	$44M+4.8%	$42M+5.8%	$39.7M+6.7%	$37.2M+0.8%	$36.9M+7.9%
Goodwill	$900M0.0%	$900M0.0%	$900.2M0.0%	$900.2M0.0%	$900.2M0.0%
Intangible assets, net	$54M0.0%	$54M-3.9%	$56.2M-4.3%	$58.7M-0.5%	$59M-97.6%
Deferred tax assets	$539M+3.7%	$520M+5.9%	$490.8M+12.5%	$436.2M+0.8%	$432.8M0.0%
Other non-current assets	$22M-4.3%	$23M+7.0%	$21.5M+11.4%	$19.3M+8.4%	$17.8M-2.7%
Equity method investments	$685M0.0%	$685M—	——	$668.8M+0.9%	$663.1M+0.3%
Total assets	$7.49B0.0%	$7.49B+0.4%	$7.45B+1.1%	$7.38B+0.4%	$7.35B+1.0%
Accounts payable	$218M+18.5%	$184M-5.2%	$194M-16.0%	$231M+11.5%	$207.1M+14.9%
Accrued expenses	$34M-38.2%	$55M+12.9%	$48.7M+40.8%	$34.6M+5.2%	$32.9M-43.0%
Deferred revenue	$270M+394%	$54.7M+96.8%	$27.8M+58.9%	$17.5M-94.0%	$290.4M+449%
Current portion of long-term debt	$63M0.0%	$63M-0.2%	$63.1M0.0%	$63.1M0.0%	$63.1M0.0%
Finance Lease Liability, Current	——	$2.7M—	——	——	——
Contract liabilities	$185M+131%	$80M+332%	$18.5M+0.5%	$18.4M-89.4%	$174.2M+771%
Accrued interest	$76M+58.3%	$48M-36.3%	$75.3M+56.2%	$48.2M-36.2%	$75.5M+56.6%
Dividends payable	$0-100%	$31M+4,329%	$700K0.0%	$700K0.0%	$700K-97.7%
Claims and insurance accruals	$17M+13.3%	$15M+11.9%	$13.4M+6.3%	$12.6M-0.8%	$12.7M-3.1%
Total current liabilities	$836M+14.1%	$733M+1.1%	$725.2M-6.1%	$772.1M-8.7%	$846.1M+16.0%
Long-term debt	$1.78B-10.2%	$1.99B+1.2%	$1.96B+5.4%	$1.86B+7.3%	$1.74B-1.8%
Finance Lease Liabilities (Total)	——	$27.8M—	——	——	——
Finance lease liabilities	——	$25.1M—	——	——	——
Other non-current liabilities	$86M-8.5%	$94M-4.2%	$98.1M-31.3%	$142.7M+1.1%	$141.2M-3.6%
Total liabilities	$6.34B-1.4%	$6.43B+0.8%	$6.38B+1.0%	$6.31B+0.9%	$6.25B+1.3%
Preferred stock	$0—	$0—	$0—	$0—	$0—
Common stock	$3M—	$0—	$0—	$0—	$0—
Retained earnings	$1.09B+8.2%	$1.01B-2.4%	$1.04B-0.6%	$1.04B-2.8%	$1.07B-1.1%
Accumulated other comprehensive income (loss)	-$1M0.0%	-$1M0.0%	-$1M0.0%	-$1M0.0%	-$1M0.0%
Redeemable noncontrolling interests	$48M+4.3%	$46M—	——	$22.5M+5.1%	$21.4M+4.9%
Total stockholders' equity	$1.1B+8.5%	$1.01B-2.4%	$1.03B-0.6%	$1.04B-2.8%	$1.07B-1.1%
Total liabilities and stockholders' equity	$7.49B0.0%	$7.49B+0.4%	$7.45B+1.1%	$7.38B+0.4%	$7.35B+1.0%
Allowance for Doubtful Accounts	$5M0.0%	$5M-25.4%	$6.7M+17.5%	$5.7M+11.8%	$5.1M+4.1%
Allowance for Doubtful Accounts Receivable (Current)	$5M0.0%	$5M-25.4%	$6.7M+17.5%	$5.7M+11.8%	$5.1M+4.1%
Other current assets	$56M+27.3%	$44M-22.4%	$56.7M-5.5%	$60M-17.4%	$72.6M+56.5%
Deferred Tax Assets and Other Non-Current Assets	$22M-4.3%	$23M+7.0%	$21.5M+11.4%	$19.3M+8.4%	$17.8M-2.7%
Finite Lived Intangible Assets - Gross	$98M+2.1%	$96M+0.1%	$95.9M0.0%	$95.9M0.0%	$95.9M0.0%
Indefinite-Lived Intangible Assets	$2.46B0.0%	$2.46B0.0%	$2.46B+4.9%	$2.35B0.0%	$2.35B0.0%
Indefinite-Lived Intangible Assets, Gross	$2.46B0.0%	$2.46B0.0%	$2.46B+4.9%	$2.35B0.0%	$2.35B0.0%
Indefinite-Lived Research and Development Assets	$2.46B0.0%	$2.46B0.0%	$2.46B+4.9%	$2.35B0.0%	$2.35B0.0%
Indefinite-Lived Trademarks	$2.46B0.0%	$2.46B0.0%	$2.46B+4.9%	$2.35B0.0%	$2.35B0.0%
Intangible assets — net	$54M0.0%	$54M-3.9%	$56.2M-4.3%	$58.7M-0.5%	$59M-4.4%
Other intangible assets—net	$2.52B0.0%	$2.52B-0.1%	$2.52B+4.6%	$2.41B0.0%	$2.41B-0.1%
Investments	$685M0.0%	$685M+1.5%	$674.9M+0.9%	$668.8M+0.9%	$663.1M+0.3%
Other non-current assets	$22M-4.3%	$23M+7.0%	$21.5M+11.4%	$19.3M+8.4%	$17.8M-2.7%
Property and equipment, net	——	$2.92B—	——	——	——
Software and Technology Licenses, Net	$22M-4.3%	$23M+7.0%	$21.5M+11.4%	$19.3M+8.4%	$17.8M-2.7%
Accrued Manufacturing Costs	$34M-38.2%	$55M+12.9%	$48.7M+40.8%	$34.6M+5.2%	$32.9M-43.0%
Accrued expenses and other current liabilities	$397M-0.8%	$400M-2.8%	$411.6M+4.9%	$392.2M-7.4%	$423.6M+5.4%
Deferred income	$158M+187%	$55M—	——	——	$146.8M+178%
Compensation and benefits	$34M-38.2%	$55M+12.9%	$48.7M+40.8%	$34.6M+5.2%	$32.9M-43.0%
Customer Deposits	$3M-25.0%	$4M+53.8%	$2.6M-16.1%	$3.1M-20.5%	$3.9M-17.0%
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$23M-8.0%	$25M-6.0%	$26.6M-6.0%	$28.3M-6.0%	$30.1M-4.4%
Deferred income	$15M0.0%	$15M—	——	——	$20M0.0%
Total debt	$1.85B-12.8%	$2.12B+4.4%	$2.03B+5.2%	$1.93B+7.1%	$1.8B-5.1%
Total Carrying Value of Debt	$4.95B-4.0%	$5.16B+0.4%	$5.13B+2.0%	$5.03B+2.6%	$4.91B-0.6%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$3M—	$0—	$0—	$0—	$0—
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	$0—
Account wagering deposits liability	$61M-10.3%	$68M+2.7%	$66.2M-16.4%	$79.2M+9.1%	$72.6M+15.1%
Accrued fixed assets	$14M-48.1%	$27M+37.8%	$19.6M-26.3%	$26.6M-43.5%	$47.1M+10.3%
Accrued gaming liabilities	$35M0.0%	$35M-2.0%	$35.7M+1.7%	$35.1M-0.6%	$35.3M0.0%
Allowance for doubtful accounts	$5M0.0%	$5M-25.4%	$6.7M+17.5%	$5.7M+11.8%	$5.1M+4.1%
Contract with Customer, Liability	$185M+131%	$80M+43.6%	$55.7M+24.3%	$44.8M-74.3%	$174.2M+114%
Long-term debt, gross	$4.95B-4.0%	$5.16B+0.4%	$5.13B+2.0%	$5.03B+2.6%	$4.91B-0.6%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$23M-8.0%	$25M-6.0%	$26.6M-6.0%	$28.3M-6.0%	$30.1M-4.4%
Deferred income taxes	$539M+3.7%	$520M+5.9%	$490.8M+12.5%	$436.2M+0.8%	$432.8M0.0%
Current maturities of long-term debt	——	$2.7M—	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$44M+4.8%	$42M+5.8%	$39.7M+6.7%	$37.2M+0.8%	$36.9M+7.9%
Gross Carrying Amount	$98M+2.1%	$96M+0.1%	$95.9M0.0%	$95.9M0.0%	$95.9M0.0%
Tax receivable within other current assets	$6M-64.7%	$17M—	$0—	$0—	$0-100%
Trademarks	$2.46B0.0%	$2.46B0.0%	$2.46B+4.9%	$2.35B0.0%	$2.35B0.0%
Current lease liabilities	$8M0.0%	$8M-8.0%	$8.7M-1.1%	$8.8M+2.3%	$8.6M-1.1%
Prepaid Insurance	$8M+14.3%	$7M-49.6%	$13.9M-14.2%	$16.2M-27.0%	$22.2M+188%
Prepaid technology costs	$15M+114%	$7M-17.6%	$8.5M-21.3%	$10.8M-10.0%	$12M+87.5%
Purses payable	$46M+15.0%	$40M+4.4%	$38.3M-5.4%	$40.5M-1.2%	$41M+15.8%
Redeemable noncontrolling interests in subsidiaries	$48M+4.3%	$46M+4.1%	$44.2M+96.4%	$22.5M+5.1%	$21.4M+8.6%
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$270M—	——	$247.1M+5.6%	$233.9M-19.5%	$290.4M—

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Questions, answered.

What are Churchill Downs's total assets?: Churchill Downs (CHDN) holds $7.5B in total assets, up 1.9% year over year.
How much debt does Churchill Downs have?: Churchill Downs carries $1.8B in total debt against $1.1B of shareholders' equity, a debt-to-equity ratio of 1.68.
How much cash does Churchill Downs have?: Churchill Downs holds $291.0M in cash and equivalents.
Can Churchill Downs cover its short-term obligations?: Its current ratio is 0.54 — current liabilities exceed current assets.
Where does Churchill Downs's balance sheet data come from?: Every line is extracted from Churchill Downs's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.