DKNG Debt-to-Equity Ratio Analysis

The Debt-to-Equity Ratio shows how much debt a company uses to finance its operations compared to investor equity; at 3.03x, DKNG holds $3.03 of debt for every $1 of shareholder equity.

This sits well above the sector median of 0.73x, placing DKNG in the 93rd percentile of peers, meaning most comparable companies carry far less leverage. The trend for this metric is N/A, as both the year-over-year and quarter-over-quarter changes are N/A, so there is no historical data to confirm whether leverage is rising or falling. A high debt level with no visible trend offers no evidence of improvement, leaving the company exposed to higher interest costs and a thinner equity buffer if earnings weaken. For investors, the combination of a 3.03x ratio and missing trend data implies elevated financial risk with limited visibility into how that debt load is evolving. This metric directly supports the overall CAUTIOUS verdict, since debt at more than four times the sector median is a clear financial red flag.

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