DraftKings Total Debt To Capitalization from 2010 to 2024
| DKNG Stock | USD 43.03 0.03 0.07% |
Total Debt To Capitalization | First Reported 2010-12-31 | Previous Quarter 0.60091187 | Current Value 0.63 | Quarterly Volatility 0.40415942 |
Check DraftKings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among DraftKings' main balance sheet or income statement drivers, such as Tax Provision of 13.7 M, Net Interest Income of 50.4 M or Depreciation And Amortization of 212 M, as well as many indicators such as Price To Sales Ratio of 4.23, Dividend Yield of 0.0 or PTB Ratio of 18.44. DraftKings financial statements analysis is a perfect complement when working with DraftKings Valuation or Volatility modules.
DraftKings | Total Debt To Capitalization |
Latest DraftKings' Total Debt To Capitalization Growth Pattern
Below is the plot of the Total Debt To Capitalization of DraftKings over the last few years. It is DraftKings' Total Debt To Capitalization historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in DraftKings' overall financial position and show how it may be relating to other accounts over time.
| Total Debt To Capitalization | 10 Years Trend |
|
Total Debt To Capitalization |
| Timeline |
DraftKings Total Debt To Capitalization Regression Statistics
| Arithmetic Mean | 0.59 | |
| Geometric Mean | 0.40 | |
| Coefficient Of Variation | 68.15 | |
| Mean Deviation | 0.32 | |
| Median | 0.89 | |
| Standard Deviation | 0.40 | |
| Sample Variance | 0.16 | |
| Range | 1.2085 | |
| R-Value | (0.53) | |
| Mean Square Error | 0.13 | |
| R-Squared | 0.28 | |
| Significance | 0.04 | |
| Slope | (0.05) | |
| Total Sum of Squares | 2.29 |
DraftKings Total Debt To Capitalization History
About DraftKings Financial Statements
DraftKings stakeholders use historical fundamental indicators, such as DraftKings' Total Debt To Capitalization, to determine how well the company is positioned to perform in the future. Although DraftKings investors may analyze each financial statement separately, they are all interrelated. For example, changes in DraftKings' assets and liabilities are reflected in the revenues and expenses on DraftKings' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in DraftKings. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Debt To Capitalization | 0.60 | 0.63 |
Currently Active Assets on Macroaxis
When determining whether DraftKings is a strong investment it is important to analyze DraftKings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:Check out the analysis of DraftKings Correlation against competitors. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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 DraftKings. If investors know DraftKings 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 DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.87) | Revenue Per Share 9.655 | Quarterly Revenue Growth 0.387 | Return On Assets (0.07) | Return On Equity (0.44) |
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' 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 DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' 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 DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' 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.