Churchill Net Invested Capital vs Long Term Debt Total Analysis

CHDN Stock

USD 140.22 0.52 0.37%

Churchill Downs financial indicator trend analysis is way more than just evaluating Churchill Downs prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Churchill Downs is a good investment. Please check the relationship between Churchill Downs Net Invested Capital and its Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Net Invested Capital vs Long Term Debt Total

Net Invested Capital vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Churchill Downs Net Invested Capital account and Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Churchill Downs' Net Invested Capital and Long Term Debt Total is 0.86. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Churchill Downs Incorporated, assuming nothing else is changed. The correlation between historical values of Churchill Downs' Net Invested Capital and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Churchill Downs Incorporated are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Net Invested Capital i.e., Churchill Downs' Net Invested Capital and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Long Term Debt Total

Most indicators from Churchill Downs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Churchill Downs current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

At this time, Churchill Downs' Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value is likely to grow to about 3.9 B, though Discontinued Operations is likely to grow to (104.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	446.1M	566.4M	795.7M	835.5M
Total Revenue	1.6B	1.8B	2.5B	2.6B

Gross Profit Total Revenue

Churchill Downs fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Inventory	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.84	0.86	0.57	0.98	0.99	0.83	0.96	0.54	1.0	0.0	0.54	0.77	-0.16	0.99	0.92	-0.32	1.0	0.97	0.78	0.23	0.44	0.97	-0.51	-0.5
Short Long Term Debt Total	0.99		0.79	0.8	0.46	0.98	1.0	0.76	0.96	0.57	0.99	-0.02	0.57	0.7	-0.29	1.0	0.93	-0.34	1.0	0.98	0.76	0.21	0.42	0.96	-0.57	-0.56
Other Current Liab	0.84	0.79		0.93	0.49	0.77	0.79	0.75	0.74	0.45	0.83	0.15	0.45	0.75	-0.02	0.8	0.84	-0.26	0.83	0.75	0.72	0.07	0.42	0.74	-0.56	-0.55
Total Current Liabilities	0.86	0.8	0.93		0.67	0.81	0.8	0.84	0.81	0.41	0.86	0.11	0.41	0.79	0.14	0.8	0.82	-0.2	0.84	0.78	0.72	0.37	0.42	0.8	-0.38	-0.37
Total Stockholder Equity	0.57	0.46	0.49	0.67		0.56	0.47	0.85	0.58	0.03	0.58	0.11	0.03	0.63	0.61	0.47	0.37	0.17	0.5	0.5	0.39	0.37	0.37	0.55	0.19	0.2
Property Plant And Equipment Net	0.98	0.98	0.77	0.81	0.56		0.98	0.81	0.98	0.53	0.98	-0.08	0.53	0.7	-0.2	0.97	0.91	-0.32	0.97	0.99	0.74	0.28	0.4	0.95	-0.49	-0.48
Net Debt	0.99	1.0	0.79	0.8	0.47	0.98		0.76	0.96	0.54	0.99	-0.01	0.54	0.69	-0.29	1.0	0.92	-0.34	0.99	0.98	0.74	0.22	0.42	0.97	-0.56	-0.56
Retained Earnings	0.83	0.76	0.75	0.84	0.85	0.81	0.76		0.78	0.3	0.83	0.21	0.3	0.73	0.21	0.76	0.66	-0.02	0.78	0.76	0.63	0.24	0.48	0.76	-0.34	-0.33
Accounts Payable	0.96	0.96	0.74	0.81	0.58	0.98	0.96	0.78		0.54	0.96	-0.03	0.54	0.73	-0.12	0.95	0.9	-0.23	0.95	0.98	0.76	0.37	0.49	0.94	-0.41	-0.4
Cash	0.54	0.57	0.45	0.41	0.03	0.53	0.54	0.3	0.54		0.51	-0.08	1.0	0.55	-0.24	0.57	0.67	-0.39	0.57	0.61	0.89	-0.03	0.33	0.41	-0.53	-0.52
Non Current Assets Total	1.0	0.99	0.83	0.86	0.58	0.98	0.99	0.83	0.96	0.51		-0.01	0.51	0.76	-0.17	0.99	0.91	-0.32	0.99	0.97	0.76	0.23	0.43	0.97	-0.5	-0.49
Non Currrent Assets Other	0.0	-0.02	0.15	0.11	0.11	-0.08	-0.01	0.21	-0.03	-0.08	-0.01		-0.08	0.13	0.12	-0.03	-0.13	0.76	-0.01	-0.08	0.09	-0.08	0.64	-0.1	-0.22	-0.23
Cash And Short Term Investments	0.54	0.57	0.45	0.41	0.03	0.53	0.54	0.3	0.54	1.0	0.51	-0.08		0.55	-0.24	0.57	0.67	-0.39	0.57	0.61	0.89	-0.03	0.33	0.41	-0.53	-0.52
Net Receivables	0.77	0.7	0.75	0.79	0.63	0.7	0.69	0.73	0.73	0.55	0.76	0.13	0.55		0.23	0.73	0.79	-0.18	0.75	0.7	0.85	0.09	0.53	0.65	-0.26	-0.25
Common Stock Shares Outstanding	-0.16	-0.29	-0.02	0.14	0.61	-0.2	-0.29	0.21	-0.12	-0.24	-0.17	0.12	-0.24	0.23		-0.28	-0.25	0.43	-0.24	-0.25	-0.03	0.18	0.19	-0.2	0.66	0.66
Non Current Liabilities Total	0.99	1.0	0.8	0.8	0.47	0.97	1.0	0.76	0.95	0.57	0.99	-0.03	0.57	0.73	-0.28		0.93	-0.37	1.0	0.98	0.78	0.17	0.42	0.96	-0.57	-0.56
Other Current Assets	0.92	0.93	0.84	0.82	0.37	0.91	0.92	0.66	0.9	0.67	0.91	-0.13	0.67	0.79	-0.25	0.93		-0.47	0.94	0.93	0.84	0.17	0.34	0.86	-0.56	-0.55
Other Stockholder Equity	-0.32	-0.34	-0.26	-0.2	0.17	-0.32	-0.34	-0.02	-0.23	-0.39	-0.32	0.76	-0.39	-0.18	0.43	-0.37	-0.47		-0.36	-0.33	-0.28	0.13	0.47	-0.35	0.32	0.32
Total Liab	1.0	1.0	0.83	0.84	0.5	0.97	0.99	0.78	0.95	0.57	0.99	-0.01	0.57	0.75	-0.24	1.0	0.94	-0.36		0.98	0.78	0.2	0.43	0.96	-0.56	-0.55
Property Plant And Equipment Gross	0.97	0.98	0.75	0.78	0.5	0.99	0.98	0.76	0.98	0.61	0.97	-0.08	0.61	0.7	-0.25	0.98	0.93	-0.33	0.98		0.78	0.28	0.4	0.95	-0.49	-0.48
Total Current Assets	0.78	0.76	0.72	0.72	0.39	0.74	0.74	0.63	0.76	0.89	0.76	0.09	0.89	0.85	-0.03	0.78	0.84	-0.28	0.78	0.78		0.06	0.55	0.64	-0.51	-0.51
Short Term Debt	0.23	0.21	0.07	0.37	0.37	0.28	0.22	0.24	0.37	-0.03	0.23	-0.08	-0.03	0.09	0.18	0.17	0.17	0.13	0.2	0.28	0.06		0.07	0.28	0.23	0.24
Inventory	0.44	0.42	0.42	0.42	0.37	0.4	0.42	0.48	0.49	0.33	0.43	0.64	0.33	0.53	0.19	0.42	0.34	0.47	0.43	0.4	0.55	0.07		0.31	-0.28	-0.28
Intangible Assets	0.97	0.96	0.74	0.8	0.55	0.95	0.97	0.76	0.94	0.41	0.97	-0.1	0.41	0.65	-0.2	0.96	0.86	-0.35	0.96	0.95	0.64	0.28	0.31		-0.4	-0.39
Common Stock Total Equity	-0.51	-0.57	-0.56	-0.38	0.19	-0.49	-0.56	-0.34	-0.41	-0.53	-0.5	-0.22	-0.53	-0.26	0.66	-0.57	-0.56	0.32	-0.56	-0.49	-0.51	0.23	-0.28	-0.4		1.0
Common Stock	-0.5	-0.56	-0.55	-0.37	0.2	-0.48	-0.56	-0.33	-0.4	-0.52	-0.49	-0.23	-0.52	-0.25	0.66	-0.56	-0.55	0.32	-0.55	-0.48	-0.51	0.24	-0.28	-0.39	1.0

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Churchill Downs Account Relationship Matchups

Churchill Downs fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.7B	3.0B	6.2B	7.0B	7.3B
Short Long Term Debt Total	1.5B	1.6B	2.0B	4.6B	4.8B	5.1B
Other Current Liab	196.9M	349.5M	257.8M	388M	456.1M	478.9M
Total Current Liabilities	301.2M	424.2M	395M	621.6M	755.8M	793.6M
Total Stockholder Equity	508.3M	367.1M	306.8M	551.5M	893.6M	938.3M
Property Plant And Equipment Net	937.3M	1.1B	994.9M	2.0B	2.6B	2.7B
Net Debt	1.4B	1.6B	1.7B	4.5B	4.7B	4.9B
Retained Earnings	509.2M	349.8M	307.7M	552.4M	894.5M	939.2M
Accounts Payable	57.8M	70.7M	81.6M	145.5M	158.5M	166.4M
Cash	96.2M	67.4M	291.3M	129.8M	144.5M	151.7M
Non Current Assets Total	2.3B	2.5B	2.5B	5.9B	6.6B	6.9B
Non Currrent Assets Other	(3.3M)	(39.6M)	74.2M	54.8M	19.3M	38.6M
Cash And Short Term Investments	96.2M	67.4M	291.3M	129.8M	144.5M	151.7M
Net Receivables	51.8M	85.9M	108.3M	95.5M	119.5M	125.5M
Common Stock Shares Outstanding	81.2M	79.2M	78.4M	77M	76.1M	86.0M
Liabilities And Stockholders Equity	2.6B	2.7B	3.0B	6.2B	7.0B	7.3B
Non Current Liabilities Total	1.7B	1.9B	2.3B	5.0B	5.3B	5.6B
Other Current Assets	26.9M	81.8M	101.9M	119.2M	136.8M	143.6M
Other Stockholder Equity	649.5M	100K	2.8M	(900K)	(1.0M)	(983.3K)
Total Liab	2.0B	2.3B	2.7B	5.7B	6.1B	6.4B
Property Plant And Equipment Gross	937.3M	1.1B	1.7B	2.8B	3.5B	3.7B
Total Current Assets	221.2M	235.1M	501.5M	344.5M	400.8M	420.8M
Inventory	46.3M	53.6M	64.3M	74.9M	77.3M	40.8M
Intangible Assets	369.8M	350.6M	348.1M	2.4B	2.4B	2.5B
Other Liab	247.7M	276.8M	286.5M	433.8M	498.9M	523.8M
Long Term Debt	1.1B	1.1B	1.3B	2.5B	4.8B	5.0B
Property Plant Equipment	912.5M	1.1B	994.9M	2.0B	2.3B	2.4B
Current Deferred Revenue	42.5M	32.8M	47.7M	39M	73.2M	62.5M
Other Assets	21.1M	653M	106.7M	109M	125.4M	146.6M
Good Will	338M	367.1M	366.8M	723.8M	899.9M	944.9M
Net Tangible Assets	(228.6M)	(350.3M)	(408.1M)	(2.6B)	(2.3B)	(2.2B)
Retained Earnings Total Equity	509.2M	349.8M	307.7M	552.4M	635.3M	496.9M
Long Term Debt Total	1.1B	1.1B	1.3B	2.5B	2.8B	3.0B
Deferred Long Term Liab	212.8M	213.9M	252.9M	340.8M	391.9M	411.5M
Non Current Liabilities Other	440.1M	593.4M	734.5M	2.2B	137.8M	130.9M

Pair Trading with Churchill Downs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.

Moving against Churchill Stock

0.68	NKE	Nike Inc Aggressive Push	Pair Corr
0.5	PPERY	Bank Mandiri Persero	Pair Corr
0.49	BKRKY	Bank Rakyat	Pair Corr
0.49	TLK	Telkom Indonesia Tbk	Pair Corr
0.46	BKRKF	PT Bank Rakyat	Pair Corr

The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.

The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:

How To Invest In Churchill

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Is Churchill Stock a good investment?

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What is Churchill Downs' Net Worth?

Details

Largest Hotels, Restaurants & Leisure Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.089

Dividend Share

0.382

Earnings Share

5.53

Revenue Per Share

35.989

Quarterly Revenue Growth

0.098

The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Churchill Net Invested Capital vs Long Term Debt Total Analysis

Net Invested Capital vs Long Term Debt Total

Net Invested Capital vs Long Term Debt Total Correlation Analysis

Correlation Coefficient

Net Invested Capital

Long Term Debt Total

Churchill Downs fundamental ratios Correlations

Churchill Downs Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Churchill Downs fundamental ratios Accounts

Pair Trading with Churchill Downs

Moving against Churchill Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt

Common Stock Total Equity	- 0.57	Non Current Liabilities Total
Common Stock Total Equity	- 0.57	Short Long Term Debt Total
Common Stock Total Equity	- 0.56	Total Liab
Common Stock Total Equity	- 0.56	Other Current Assets
Common Stock	- 0.56	Non Current Liabilities Total
Common Stock	- 0.56	Net Debt