DraftKings (BSP:D2KN34) Interest Expense : R$-13 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is DraftKings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DraftKings's interest expense for the three months ended in Mar. 2024 was R$ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-13 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. DraftKings's Operating Income for the three months ended in Mar. 2024 was R$ -691 Mil. DraftKings's Interest Expense for the three months ended in Mar. 2024 was R$ -3 Mil. DraftKings did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

DraftKings Interest Expense Historical Data

The historical data trend for DraftKings's Interest Expense 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.

* Premium members only.

DraftKings Interest Expense Chart

DraftKings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-5.51

-11.93

-13.91

-13.13

DraftKings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.41	-3.23	-3.31	-3.37	-3.23

DraftKings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-13 Mil.

DraftKings (BSP:D2KN34) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

DraftKings's Interest Expense for the three months ended in Mar. 2024 was R$-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$-691 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$6,640 Mil.

DraftKings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

DraftKings did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

DraftKings (BSP:D2KN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (BSP:D2KN34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DKNG:USA DKNG:Mexico 8DEA:Germany

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.

DraftKings (BSP:D2KN34) Headlines

No Headlines