DraftKings (LTS:0ABA) Debt-to-Revenue : 0.29 (As of Mar. 2024)

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What is DraftKings Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

DraftKings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $11 Mil. DraftKings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,333 Mil. DraftKings's annualized Revenue for the quarter that ended in Mar. 2024 was $4,700 Mil. DraftKings's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

DraftKings Debt-to-Revenue Historical Data

The historical data trend for DraftKings's Debt-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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DraftKings Debt-to-Revenue Chart

DraftKings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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0.23

0.13

1.02

0.59

0.37

DraftKings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial															0.43	0.38	0.43	0.27	0.29

Competitive Comparison of DraftKings's Debt-to-Revenue

For the Gambling subindustry, DraftKings's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DraftKings's Debt-to-Revenue Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where DraftKings's Debt-to-Revenue falls into.

DraftKings Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

DraftKings's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(11.499	+	1334.587)	/	3665.393
	=	0.37

DraftKings's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(11.274	+	1333.338)	/	4699.984
	=	0.29

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

DraftKings Debt-to-Revenue Related Terms

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DraftKings (LTS:0ABA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (LTS:0ABA) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

DKNG:USA DKNG:Mexico 8DEA:Germany D2KN34:Brazil

Address

222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116

Website

https://www.draftkings.com

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

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