What is Churchill Downs's cash ratio?

Churchill Downs (CHDN) reported cash ratio of 0.3× in Q1 2026.

How has Churchill Downs's cash ratio changed year-over-year?

Churchill Downs's cash ratio increased by 8.7% year-over-year, from 0.3× to 0.3×.

What is the long-term trend for Churchill Downs's cash ratio?

Over 5 years (2020 to 2025), Churchill Downs's cash ratio has grown at a 6.7% compound annual growth rate (CAGR), from 0.3× to 0.4×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Churchill Downs CHDN Cash ratio

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Other financials

Income statement

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Revenue$663.0M+3.1%

Operating income$143.0M+5.9%

Net income$83.0M+7.8%

EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%

Total debt$1.8B+2.6%

Total equity$1.1B+2.2%

Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%

CapEx$19.0M+46.2%

Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Enterprise value$7.71B-19.3%

P/E15.8×-3.1×

P/S2.1×-0.8×

Profitability

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Operating margin23.5%-2.3pp

Net margin13.2%-2.0pp

FCF margin25.2%+0.8pp

Returns & leverage

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Return on equity35.9%-8.7pp

Debt / equity1.7×0.0×

Current ratio0.5×0.0×

Where this comes from

Calculated from Churchill Downs’s reported figures.

cash and equivalents/total current liabilities=0.3×

Based on the most recent quarter.

The official record: Churchill Downs’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Churchill Downs's cash ratio?: Churchill Downs (CHDN) reported cash ratio of 0.3× in Q1 2026.
How has Churchill Downs's cash ratio changed year-over-year?: Churchill Downs's cash ratio increased by 8.7% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Churchill Downs's cash ratio?: Over 5 years (2020 to 2025), Churchill Downs's cash ratio has grown at a 6.7% compound annual growth rate (CAGR), from 0.3× to 0.4×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.